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Default risk high in state – Denver Business Journal – Default risk high in state. An example: A homeowner with a 1 percent introductory adjustable-mortgage rate on a $300,000 home would see monthly payments jump to $1,799 from $965 when the schedule is reset to a market rate of 6 percent. That could become an "unendurable strain" on some households, Cagan said.
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Defendant’s ex-wife details financial strain, rocky marriage before son’s death – Mitchell held a series of jobs after the move, and the family’s financial position was always precarious, Perolini said, noting that the banks started a foreclosure proceeding. "I touched his arm,
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