Blog
August 16th, 2009

Coming Monday: “In Defense of ARMS: They’re Neither ‘Evil’ Nor ‘Toxic’”

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Starting Monday, we will introduce a new article written by HSH’s Vice President Keith Gumbinger. The five-part article outlines the need for and value of Adjustable Rate Mortgages (ARMs).

The article is written in defense of the mortgage product which many, including Washington,  are nearly ready to write off entirely. For example, it’s expected that the proposed Consumer Finance Protection Agency would all but eliminate adjustable-rate products. “Arguments that ARMs are ‘evil’ or ‘toxic’ simply aren’t supported by facts,” writes Gumbinger.

“ARMs have been vilified over the past few years, implicated in the collapse of the housing market. However, there are people who want — even need — ARMs, and they shouldn’t be eliminated from the mortgage menu under the guise of ‘consumer protection.’”.

Be sure to check in with us each day next week as we unveil a new section of Gumbinger’s article.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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