AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Fannie Cuts ARM Servicing Fee.(adjustable-rate mortgages )(Brief Article)
Washington -- Fannie Mae has reduced its minimum servicing fee on adjustable-rate mortgages to 25 basis points and it is willing to go to a lower fee on a negotiated basis.
The secondary market agency dropped its minimum ARM servicing fee from 37.5 bp to 25 bp, effective Jan. 1.
A Fannie Mae spokesman said the cost of servicing ARMs has come down to the level of fixed-rate mortgages, which have a 25 bp MSF. The reduction in the MSF also gives lenders more "flexibility" in issuing mortgage-backed securities, he said.
"This change to the minimum required servicing fee will be effective for adjustable-rate mortgages in MBS pools with issue dates and whole loan commitments dated on or after Jan. 1, 2006," a Fannie ...
- Fannie Cuts ARM Servicing Fee.
- News wire article from: Mortgage Line January 25, 2006 700+ words
...its minimum servicing fee on adjustable-rate mortgages to 25 basis...required servicing fee will be effective...adjustable-rate mortgages in MBS pools...the minimum servicing fee on certain adjustable-rate mortgages may be reduced...
- Fitch Lowers Servicing Fee Requirements for Prime MBS.
- Press release article from: Business Wire October 3, 2003 700+ words
...25 bp. The servicing fee requirements...term adjustable rate mortgages (ARMs) remain...hybrid ARMs, the servicing fee is now 20 bp...the minimum servicing fee requirement...for fixed rate mortgages and 37.5 bp...
- Lower Jumbo Servicing Fee May Not Be a Sign of Things to Come.(Brief Article)
- Magazine article from: Mortgage Servicing News November 1, 2003 700+ words
...in across-the-board servicing fee reductions anytime soon. The servicing fee requirements for MBS backed...term, adjustable-rate mortgages remains unchanged at 37...prime, hybrid ARMs, the servicing fee is now 20 basis points...
- In Brief: Fannie OKs Lower ARM Servicing Fees.(Federal National Mortgage...
- Magazine article from: American Banker Hochstein, Marc December 20, 2005 700+ words
...said it will lower the minimum servicing fee lenders collect for most single...family, first-lien adjustable-rate mortgages by a third on Jan. 1, to 25...Freddie Mac, said its minimum servicing fee for ARMs has long been 25 basis...
- Freddie Makes Libor-Linked ARMs Off-Shelf Product.(adjustable-rate mortgages )
- Magazine article from: American Banker Shenn, Jody March 31, 2004 700+ words
...expect adjustable-rate mortgages to continue to gain...its standard minimum servicing fee for ARMs by about...more on adjustable-rate mortgages than on fixed-rate...used for adjustable rate mortgages by lenders around...
- Thrift Volumes Sag Despite ARM Demand.(Adjustable rate mortgages)(Brief Article)
- Magazine article from: Origination News Collins, Brian January 1, 2005 700+ words
Despite strong demand for adjustable-rate mortgages, single-family originations by thrift institutions...total assets rose slightly to $1.23 trillion. Mortgage servicing fee income turned positive in the third quarter and added...
- The art of auditing ARM portfolios. (adjustable rate mortgages)
- Magazine article from: Mortgage Banking Ostendorf, George J. February 1, 1992 700+ words
...all ARMs in a portfolio. Through a computer analysis, the servicer's database tapes are examined, using original set-up information (i.e., initial interest rate, margin, servicing fee, initial payment date, index to be used, ro
- Factors affecting borrower choice between fixed and adjustable rate mortgages.
- Magazine article from: Journal of Consumer Affairs Lino, Mark December 22, 1992 700+ words
...The choice between fixed and adjustable rate mortgages can be a very confusing one for borrowers...Hence, contract rates on adjustable rate mortgages are below those on fixed rate mortgages. The choice between fixed and adjustable...
