[varon]

"A lot of individuals have made some interesting moves financially with interest-only mortgages and the idea of suddenly having all that equity disappear is something that scares home buyers and policy-makers alike."

I can see why the disappearing equity would scare people. It would dry up their HELOC with which they planned to pay for the gas to fuel their SUVs ;-)

Arguing that Americans are widely benefiting from adjustable-rate mortgages that make monthly payments more affordable.....

In the current market the adjustable rate, no down, interest only mortgages are akin to the old game of floating checks. All it takes is one trip-up and the game is over ;-)

[WillMalven]

Only an greedy idiot would fall for an interest-only loan. It is the grossest scam finance companies have come up with yet.

It's like going to a realtor and saying f*** me please.