Items Tagged with 'ARMs'

ARTICLES

  • As LIBOR phases out, should lenders still originate ARMs?

    The uncertain replacement once LIBOR ends in five years
    With the looming end to LIBOR coming up as U.K. authorities phase it out over the next five years, it creates a lot of uncertainty around the future of adjustable rate mortgages. LIBOR and ARMs are closely tied together, leaving the industry wondering if they should originate these loans any more.
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  • Navy Federal Credit Union, Freddie Mac target investors with 5/5 ARM

    Plan to establish a “new and liquid market”
    Navy Federal Credit Union announced Tuesday that it is partnering with Freddie Mac to offer a 5/5 adjustable-rate mortgage to large institutional investors. According to Navy Federal, the 5/5 ARM has a “history of growth and stability” with the credit union, and plans to grow the product moving forward.
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  • Waterstone Mortgage unveils zero-down, 20-year, adjustable rate 'wealth building' loan

    Loan program designed by AEI's Stephen Oliner and Edward Pinto
    The "Wealth Building Loan" requires no down payment, and offers eligible borrowers a 7/1 adjustable rate mortgage with a 20-year amortization. Waterstone said that the "Wealth Building Loan" also eliminates monthly mortgage insurance payments nearly four years sooner than a 30-year conventional loan with a 3% down payment.
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  • 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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