Cali Negative Amortization Mortgage Stats
There are some harrowing stats on so-called negative amortization (or "pay option") mortgages -- loans where your principal increases every period --in today's L.A. Times.
New negative amortization mortgages in California:1
- 2003 -- 8 of every 1,000
- 2005 -- 1 in 5
- 2006 -- 1 in 3
