Trending Thursday: More McMansions, Ferguson home values and more

Trending Thursday: More McMansions, Ferguson home values and more

Plus the real truth about whether renters really want to buy

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”
W S

Items Tagged with 'ARMs'

ARTICLES

JPMorgan preps second ARM-only jumbo mortgage bond

$372.4 million offering receives triple-A ratings
Ben Lane
Kroll Bond Rating Agency, Moody’s Investor Service and Fitch Ratings each issued presale reports on J.P. Morgan Mortgage Trust 2015-IVR2, and each ratings agency awarded triple-A ratings to the majority of the offering’s classes.
Read More

Freddie Mac: Hybrid ARMs are “hot”

Annual Adjustable-Rate Mortgage Survey shows impact of low interest rates
Ben Lane
Hybrid adjustable-rate mortgages continue to be the most popular ARM loan product offered by lenders and chosen by borrowers, according to the 31st Annual Adjustable-Rate Mortgage Survey of prime loan offerings from Freddie Mac.
Read More

Guaranteed Rate: 3Q purchase volume up 10% from last year

Refinance volume sees steep drop
Levi Shultz
Guaranteed Rate released its summary of mortgage trends for the third quarter of 2014 along with local mortgage trends in Chicago, New York City, Southern California and Boston.
Read More

JPMorgan breaks new ground with ARM-only jumbo RMBS

$483.56 million jumbo RMBS is backed by 5/1, 7/1, 10/1 ARMs
Ben Lane
"The payment shock to the borrower for hybrid ARMs and IO loans can be significant, particularly in a historically low interest rate market," Kroll Bond Rating Agency said in its presale report. "In such an environment, rate increases are likely and refinancing opportunities may be limited."
Read More

3 reasons borrowers fare well with ARMs

Call to ARMs may be answer to rising rates
Trey Garrison
ARMs have grown from a 3.4% share of all conforming home loans in December 2013 to a recent high of 9.9% in March 2014. Here's why they might be a smart idea.
Read More

Fannie Mae: Here's why ARMs work for some borrowers

More borrowers jump aboard
Brena Swanson
Adjustable-rate mortgages used to be one of the hottest products on the market in 2005, making up nearly 40% of purchase money mortgages. But now almost nine years later, ARMs sit roughly around 5%.
Read More

Is the growing market share of ARMs cause for concern?

Capital Economics wants to know
Jacob Gaffney
The economics company states the adjusted rate mortgage appears to be in the middle of something akin to a renaissance. And it gives three reasons this trend is not a heart stopper.
Read More

Redefining ARM loans

They're not as risky as the market presumes
Brena Swanson
Once thought of as risky and unsafe, adjustable rate mortgages are not as toxic as borrowers assumed in recent years. In fact, the industry is starting to shift toward ARMs as interest rates rise.
Read More

Mortgage applications drop in wake of Fed's taper

Purchase, refi volume both take a hit
Paul Jackson
Mortgage applications dropped across the board last week, according to new data released Tuesday morning by the Mortgage Bankers Association. Total applications fell 6.3% on a seasonally-adjusted basis according to the MBA's index of mortgage activity, marking the second straight week of languishing mortgage demand from consumers.
Read More

Freddie Sees Weekly Rates Rise on Lower Unemployment

Diana Golobay
Thirty-year fixed-rate mortgages (FRMs) averaged a 5.29% interest rate with an average 0.7 point for the week ending August 13, up from 5.22% last week but still well below 6.52% a year ago, according to the weekly survey by mortgage giant Freddie Mac [stock FRE][/stock]. The 15-year FRM also rose this week to an average 4.68% with an average 0.7 point, up from last week when it averaged 4.63% and far below 6.07% last year.
Read More