Home buyers face maze of mortgages
The piece notes regulators expanding loan types to boost housing access with adjustable mortgage loans AMLs offering variable rates. It warns of borrower risk from payment swings while noting benefits like no refinancing penalties and easier loan assumption. Advice urges budgeting contingency reserves and shopping for money before a house.
MENTIONED IN THIS ARTICLE
Jim Christian
U.S. League of Savings Associations
Christian
Savings and Loan
Economy grows in summer yet recession looms for many
The Commerce Department revised showing inflation adjusted GNP up 0.6 percent in July September, driven by inventory buildup. Despite the gain, Baldrige and economists warn the economy remains in recession with weak sales and rising unemployment claims. Pennzoil declares 0.05 dividend. preferred dividend $2.00.
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Commerce Department
Commerce
Real
Economiata
Malcolm Baldrige
Reagan
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