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UAE experts caution how disadvantages can outweigh rewards when opting for balloon loans

Emporium ended and people are being met with balloon payments for their utilities. they cannot pay the rent. they are asking for more time. this is the -- the states have the funds. they have the infrastructure to get it out. the needs, the urgent need is there but they need more time now. house has adjourn. but we still have other levers that we should pull and we should be exhaustive in our efforts in this house to ensure that people stay in their houses. and so our options are, the house could reconvene, that is one option. the second would be that the senate which is still in session right...

Investigators try to figure out who's behind these murders. >> all right, george howell, kaufman county, texas, this morning. thanks for being with us. so in colorado the death penalty remains on the table for alleged colorado movie theater killer james holmes. the prosecutor rejecting a plea deal to avoid execution. if holmes is convicted saying he will seek the death penalty. last summer's rampage left 12 people dead, 58 ears wounded. holmes' trial won't begin until next year. attorneys say they intend to pursue an insanity defense. >> so get this, the jodi arias trial could end today in a...

>> eight critericriteria, credi history, assets and things automatically applying. >> no more high fees, that sounds good. how does that work? >> it's great, cap off at 3%. you the borrower to get that mortgage won't be paying more than 3% of the loan. >> mike: and no more teaser rates. how are we being teased? >> we saw with the subprime mortgage crisis and all of the lax lending that led town that, exotic loans and toxic assets. and misleadingly low teaser rates and people qualify for that interest rate and take out loans that maybe eventually couldn't afford. no more of that. >> alisyn: no ...

It's so important that we have this feature that we passed in dodd-frank because what we're saying to the banks is this. they must be sustainable. they must be safe mortgages. you must verify the income. you must know about the debt. you cannot have risky features such as balloon payments and interest only and all of that. so qualified mortgages and this issue, this item in dodd-frank is extremely important. what mitt romney did was he basically said the banks are not lending money because of this qualified mortgage feature of dodd-frank. that's not true. first of all, the regulatory agency su...