Negative Loans(also called Pick A Payment)

I am getting a lot of calls from borrowers who can longer afford their pick a payment loans. These are the loans that say that your interest rate 1, 2. 3%.A lot of the borrowers are saying that they never understood them or that this type of loan was never fully explained. As a real estate agent, I get a bit frustrated when buyers claim they are "innocent." I think a lot of buyers ignore the consequences of their decisions and DREAM that the problems will go away.However, I do believe that lenders have been very ,very agressive in their marketing of the Negative Loan programs, and we as Loan Agents, have been seduced by such marketingand as good "sales people" push these products even when we know THE NUMBERS don't make sense.For example, from day 1, a Wholesaler kept pushing us, kep training us to market/sell the Negative Programs. She explained how it all made sense and even brought us their calculators to quickly see 'HOW MUCH MORE MANY YOU COULD MAKE BY ONLY PAYING THE MINIMUM PAYMENT (LESS THAN FULL INTEREST" AND SAVE THE REST INTO A SAVINGS ACCOUNT."Example of what she said. You regular payment would be 3,000 interest only, principle & interest would 3,500, but your minimum would be 1,800.So pay 1,800, and the rest put into a savings account. When one of my colleagues challenge her by saying: that this only made sense if you earned enough in savings to make sense she got very upset at my colleague. Now almost 2 years later, we see the result of a lot of people losing their homes due to not being able to pay the deferred interest.So I have to tell borrowers and agents, if it is too good to make sense then it is.And as agents we owe a duty to explain the "worst" case scenarious to our buyers.It is very sad to have to tell my prospects when they call that there is nothing I can could to help.