Comments on: How the CFPA would stop neg-am mortgages A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: dWj Thu, 21 Jan 2010 07:08:49 +0000 My impression was that it was the maximum minimum monthly payment, i.e. the highest the minimum monthly payment was able to go. Hence the reference to “cap” in step 4.

I’d like to have the option of using a mortgage of this sort if I decide to, but if you’re just trying to mandate that it make itself clear, I’m all for that.