Option ARMs remain a viable option in the mortgage environment. Despite the many  problems in the mortgage market, lending brokers are still willing to make risky loans - including those that allow borrowers to make monthly payments that don't even cover the interest (so-called 'option ARMs'). Also , as reported in  Money New York, still is surprisingly still widely available are 'no-doc' loans, which require no income verification, and mortgages with no downpayment according on the CNN Money report on Apr 14, 2007