Adjustable rate mortgages shift housing finance landscape
An Associated Press overview of the rise of adjustable rate mortgages ARMs as the dominant loan form. It explains how rates tied to economic indices move monthly or on longer cycles, the cost implications of rate hikes, and differing regulatory caps. Analysts note lower initial rates and potential future savings but warn of higher total costs and risk of negative amortization.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
U.S. League of Savings Associations
David Treadway
Federal National Mortgage Association
U.S. Treasury
Savings and Loan Institutions
Federal Home Loan Bank Board
S&ls
Dallas Benewitz
Rollin Barnard
Benewitz
Sexaholics Anonymous aid featured in Dear Abby column
Absent readers recount personal battles with compulsive lust and praise Sexaholics Anonymous as a path to sexual sobriety. The letter writer notes five years free of sexual acts outside marriage, crediting the program and its Alcoholics Anonymous style twelve steps. Residents seek more information via Simi Valley address.
MENTIONED IN THIS ARTICLE
Abby
Illinois
Alcoholics Anonymous
Sexaholics Anonymous
L.A
A.A
S.A
P.O. Box
Simi Valley
Calif
Sacramento
Monroe
P. O
Odessa
Odessa society events and volunteer calls in June schedule
A list of Odessa area activities and notices includes Meals on Wheels seeking volunteer drivers for summer routes, Newcomers Club meetings, a babysitting service contact, Parents-Without-Partners conference in Lubbock with local events in Midland, the Juliets of the Globe meeting, Jane Phillips Sorority gathering, AARP Chapter 1009 meeting, and the Red Cross Ector County open house and centennial celebration planning. Names, dates, and locations are provided for each item.
MENTIONED IN THIS ARTICLE
Meals On Wheels
Odessa
Audra Freasier
Odessa College
Parents-Without-Partners
Lubbock
Terrace
Shell
Midland
Midland Cub Stadium
3704
Gulf
American Association of Retired Persons
Ector County Senior Center
Permian Basin Rehabilitation Center
American Red Cross
Ector County
Red Cross
3Rd
Lincoln
Alphabet soup loans decoded in mortgage primer
A brief primer on common offerings in the current mortgage market explains ARM and AML as adjustable rate loans with fluctuating rates and broad use, while GPM targets young families with gradually rising monthly payments and higher final amounts.
Also Mentioned on This Page
Dear Abby
Abigail van Buren
Society
Odessa Newcomers Club
the Redeemer Lutheran Church
E. 18Th St
Jo Ball
Women Armed For Self Protection
Bill Goen
Oxford Dr
Jeff Briley
Fountain Lane
Juliets
Globe of the Great Southwest
Brenda Norman
Oakridge
Charles Humbird
Placid
Jane Phillips
Pat Walker
Ren
Andy
E. University
San Angelo
Texas
Legyan
Perlec International
Midland Oak Ridge Square
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