CoreLogic: Home prices rose an amazing 6.5% annually in June

CoreLogic: Home prices rose an amazing 6.5% annually in June

This marks 40 straight months of increases

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Beat company's own expectations

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Items Tagged with 'ARMs'

ARTICLES

JPMorgan preps second ARM-only jumbo mortgage bond

$372.4 million offering receives triple-A ratings
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.
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Freddie Mac: Hybrid ARMs are “hot”

Annual Adjustable-Rate Mortgage Survey shows impact of low interest rates
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.
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JPMorgan breaks new ground with ARM-only jumbo RMBS

$483.56 million jumbo RMBS is backed by 5/1, 7/1, 10/1 ARMs
"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."
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Redefining ARM loans

They're not as risky as the market presumes
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
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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