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Dan Rafter

180 Articles

Dan Rafter has covered real estate, mortgage and personal-finance news for more than 15 years, writing for the Chicago Tribune, Washington Post, Consumers Digest and many others. A graduate of the University Illinois with a degree in journalism, he is editor of Midwest Real Estate News magazine and blogs on commercial real estate for that publication at rejblog.com, in addition to being a contributor for MortgageLoan.com.

Home Value Declines Leave ARM Holders Under Water

Home Value Declines Leave ARM Holders Under Water

When an adjustable-rate mortgage (ARM) resets, it suddenly raises monthly payments. This phenomenon is fueling the foreclosure crisis. As real estate prices fall and home equity vanishes, those who hold volatile and risky ARM and Option ARM loans may find themselves owing more than their houses are actually worth.

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 13 years ago | 2 minutes read time