IMPORTANT BUSINESS WEEK ARTICLE

So-called exotic (or toxic) mortgages such as interest-only, option ARMs and negative amortization loans are quite scary. The fallout from these types of loans is really going to play a significant role in the crash of the housing market here in Metro Phoenix and elsewhere.

BusinessWeek's article, "Nightmare Mortgages," sheds a lot of light on the subject. I really recommend that you check it out.