By Patrice Hill
THE
April 6, 2006
State regulators are moving to curb abusive tactics and
loose standards used by some mortgage lenders offering unconventional loans with
interest-only and multiple-payment options.
An
estimated 10 percent of the U.S. population, or 30 million people, are at risk
of falling into financial trouble because they used such easy-money loans with
no down payments to buy houses, leaving them with little or no equity in their
homes and vulnerable to sharply ... more »