These products are still out there....
Ditech Interest Only ARM Loans: Fixed Adjustable Mortgage Rates ...
Up to 95% LTV??? LOL (but as my mother would say, "its not a happy laugh"). Of course, it's no longer a case where someone with a body temp above room temperature is eligible. Applicants will need a high credit score. If you have a completely predictable life within the first 10 years of the loan, knowing that you'll either be able to pay the mortgage off, or will be able to refinance, or will be able to deal with very high payments once the loan turns to both P&I - then more power to those folks who will use this product. In other words, this is a dangerous product even for folks who are in good financial shape now. You never know what circumstances life will dish out in the course of a decade.
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