Briefly describe one of the following kinds of mortgage and 1) identify who might benefit from this kind of mortgage and 2) explain why widespread use of this kind of mortgage might create risks for banks (do not repeat or reproduce information and commentary already presented in the thread; move on to TOPIC TWO if what you want to say about TOPIC ONE has already been adequately explained):

2/28 ARM (or other forms of subprime mortgages that reduce monthly payments e.g. interest only loans)

Low doc or no doc loans

NINJA loans