USA Today - In the past year, they have also increased sharply in California, Arizona, Nevada and ... with a subprime-borrowers ARM that allowed them to pay only the interest on the loan each month, which meant they wouldn't build up any equity unless their home ...

Many mortgages are turning toxic
Salt Lake Tribune - ... enough each month to cover the interest owed on the loan ... The negative amortization isn't as troubling when home prices are rising because the borrower could still be building more equity ... markets such as California or areas such as Nevada, Arizona ...