Comments on: How the CFPA would stop neg-am mortgages http://blogs.reuters.com/felix-salmon/2010/01/21/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 http://wordpress.org/?v=4.2.5 By: dWj http://blogs.reuters.com/felix-salmon/2010/01/21/how-the-cfpa-would-stop-neg-am-mortgages/comment-page-1/#comment-11337 Thu, 21 Jan 2010 07:08:49 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/how-the-cfpa-would-stop-neg-am-mortgages/#comment-11337 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.

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