Option ARMs

Dr. Housing Bubble has a detailed post on Option ARM mortgages.

Sad News

Doris Dungey, better known as Tanta, one of the two bloggers at Calculated Risk, died on Sunday after a long bout with cancer. Tanta began blogging after her cancer had gone into remission. So even though she knew that the time left to her was short, she took the time to try to illuminate for us how we got into our current predicament. It was a heroic act, and one that will be long remembered.

Her coblogger, CR, has assembled a complete list of Tanta’s posts.