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Hybrids Now Dominate the ARM Market.(Adjustable Rate Mortgages)(Brief Article)
Hybrid adjustable-rate mortgages are becoming more popular with consumers and lenders, according to a Federal Reserve Board survey of senior loan officers.
The July survey found that more than 50% of the respondent banks reported that hybrid ARMs accounted for 75% or more of their ARMs originations over the past three months.
Another 17% of respondents reported that hybrid ARMs accounted for 30% to 75% of their ARM originations.
ARM originations comprised over 30% of all mortgage originations in July, according to mortgage application data compiled by the Mortgage Bankers Association.
Hybrid ARMs have an initial fixed-rate period of three, five, seven or 10 years before converting to a one-year ARM. The interest rates on conventional ARMs adjust at least once a year.
The Fed survey shows that bankers prefer ...
- In Brief: Fannie Pooling Option for Hybrid ARMs.(adjustable-rate...
- Magazine article from: American Banker April 8, 2003 700+ words
...created a new standard pooling option for hybrid adjustable-rate mortgages. The government-sponsored loan buyer said it would begin...standards for the adjustable-rate sector. Originations of hybrid ARMs that were eligible for purchase by Fannie Mae or Freddie...
- 'Hybrid ARMs' Are Less Rate Sensitive.(adjustable rate mortgages)(Brief Article)
- Magazine article from: Mortgage Servicing News April 1, 2001 700+ words
A growing volume of MBS backed by "hybrid" adjustable rate mortgages has created a need for more information about the prepayment...investors might be pleased by the prepayment characteristics. Hybrid ARMs exhibit less prepayment volatility than standard one-year...
- FHA could insure 'Hybrid' ARMs under homeownership bill.(Federal Housing...
- Magazine article from: Origination News Collins, By Brian April 1, 2000 700+ words
...authority to insure hybrid adjustable rate mortgages and makes permanent a simplified...Administration to insure hybrid adjustable rate mortgages and makes permanent a simplified...Development and MBA also support the hybrid ARMs provision, which would allow...
- Intro ARM discounts, hybrid ARMs mark Freddie survey.(Adjustable rate mortgages)
- Newspaper article from: Asset Securitization Report January 8, 2007 700+ words
...survey, the agency reported that lenders were offering bigger discounts for introductory ARM rates and noted the popularity of hybrid ARMs versus one-year ARMs. In addition, Freddie Mac also looked at the decline in ARM share of total lending as the interest...
- Hedging: Rise of Hybrid ARMs Poses Questions about Prepayments.(adjustable rate...
- Magazine article from: Mortgage Servicing News May 1, 2002 700+ words
In the past several years, hybrid ARMs, which are fixed for a period...t much of a track record on how hybrid ARMs perform. To date, lenders and...estimate how rate-sensitive the hybrid ARMs will be. Recently, Andrew Davidson...
- FTN likes 10/1 hybrid ARMs as 15s remain cheap.(adjustable rate mortgages)
- Newspaper article from: Asset Securitization Report August 21, 2006 700+ words
...years versus 30-years, and recommended whole loan 10/1 hybrid ARMs as a way to take advantage of the cheapness in the 15-year...without sacrificing a lot of carry." FTN notes that 10/1 hybrid ARMs have seen a price drop of more than a full point versus Dwarf...
- The BMA tests the waters for TBA hybrid ARMs.(To Be Announced)(adjustable rate...
- Newspaper article from: Asset Securitization Report Sibayan, Karen March 14, 2005 700+ words
The Bond Market Association recently held a conference call with MBS dealers and originators to discuss the creation of a hybrid ARM TBA program. After previous attempts have proved unsuccessful, analysts from dealerships said that investors would benefit from the improved price transparency and
- Lehman to add agency hybrid ARMs to U.S. Aggregate Index.(Lehman...
- Newspaper article from: Asset Securitization Report October 9, 2006 700+ words
...Brothers recently announced it would include U.S. agency hybrid ARMs as part of the MBS Index beginning April 1, 2007. As of...16 years. As a percentage of the U.S. Aggregate Index, hybrid ARMs are projected to represent 3.6% by market value. With...