If you lived through the late-2000s housing crisis, the phrase "interest-only mortgage" might make you shudder. Interest-only loans, which require borrowers to pay only the interest on the loan for an ...
A big chunk of First Republic Bank’s loan portfolio, which now belongs to JPMorgan Chase, is what is called interest-only mortgages. That’s a kind of loan where, for a set period of time, the borrower ...
Nearly $1.5 trillion in commercial mortgages are coming due over the next three years, according to data provider Trepp. Many of the commercial landlords on the hook for the loans are vulnerable to ...
The number of homeowners sitting on interest-only mortgages has shrunk as borrowers have paid the money back on or ahead of schedule, according to a banking and finance industry trade association.
First Republic Bank’s financial challenges not only stem from years of low-interest rate lending, but the fact that a huge chunk of its mortgages were interest-only. Though interest-only lending ...
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