Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"
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Items Tagged with 'ARMs'

ARTICLES

3 reasons borrowers fare well with ARMs

Call to ARMs may be answer to rising rates
April 3, 2014
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.
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Fannie Mae: Here's why ARMs work for some borrowers

More borrowers jump aboard
March 17, 2014
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%.
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Is the growing market share of ARMs cause for concern?

Capital Economics wants to know
February 4, 2014
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.
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Redefining ARM loans

They're not as risky as the market presumes
January 6, 2014
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.
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Mortgage applications drop in wake of Fed's taper

Purchase, refi volume both take a hit
December 24, 2013
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.
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Freddie Sees Weekly Rates Rise on Lower Unemployment

August 13, 2009
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.
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Mortgage Rates Hit Record Low: Freddie Mac Survey

December 24, 2008
Long-term mortgage rates fell for the eighth consecutive week, setting another record low, Freddie Mac [stock FRE][/stock] reported early Wednesday. 30-year, fixed-rate mortgages averaged 5.14 percent with an average 0.8 point for the week ending Dec. 24, 2008, the GSE reported, down from last week when it averaged 5.19 percent. (Those are stunningly low rates, folks.) Last year at this time, the 30-year FRM averaged 6.17 percent; rates have not been lower since Freddie Mac started its Primary Mortgage Market Survey in 1971, the GSE said in a press statement.
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Secondary Markets Put Pressure on Mortgage Rates

September 18, 2008
While Freddie Mac [stock FRE][/stock] reported Thursday that mortgage rates had fallen by 15 basis points to an average of 5.78 percent for a conforming 30-year fixed-rate mortgage during the week ended Sept. 18, rates have been anything but stable this week, according to HW's market sources. The Freddie Mac-reported rate is the lowest since February, but it may not remain there for long if financial markets continue to convulse.
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Rates Fall Dramatically in Wake of GSE Bailout

September 11, 2008
While investors are still grappling with the fallout from a Treasury-led bailout of both Freddie Mac [stock FRE][/stock] and Fannie Mae [stock FNM][/stock], borrowers are clearly benefiting as mortgage rates have fallen dramatically since Sunday's takeover of the twin mortgage giants. Freddie Mac's weekly rate survey found that rates on a 30-year fixed-rate mortgage averaged 5.93 percent with an average 0.7 point for the week ending Sept. 11, down an astounding 42 basis points from last week and below the 6.31 average recorded last year.
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Mortgage Rates Hold Steady

August 14, 2008
Mortgage rates held steady this week as economic signals remain decidedly mixed, according to data released Thursday morning by Freddie Mac [stock FRE][/stock]. The GSE said that its weekly rate survey found that a 30-year fixed-rate mortgage averaged 6.52 percent with an average 0.7 point for the week ending Aug. 14, unchanged from last week when it averaged 6.52 percent. Last year at this time, the 30-year FRM averaged 6.62 percent.
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