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Hybrids Shake Up Jumbo ARM Loans.(Adjustable Rate Mortgage )(Brief Article)
If you are investing in or servicing jumbo hybrid ARMs, you might find that the length of the fixed-rate period is a clue to how well the loans will perform, according to a recent study by Fitch Ratings.
An analysis of prime-quality, jumbo-sized, hybrid adjustable-rate mortgages suggests that their performance is similar to that of prime-credit, jumbo fixed-rate loans - as long as the initial fixed-rate period is five years or longer.
The rating agency's analysis found that the performance of jumbo ARMs with a fixed-rate period of five years or more and found that they performed similarly to fixed-rate jumbo mortgages.
However, the study also found that jumbo hybrid ARMs with a fixed-rate term of three years have underperformed the fixed-rate loans - even ...
- Short Duration Investors Can Find Value in Jumbo Hybrid MBS.
- Magazine article from: National Mortgage News Robinson, Douglas February 6, 2006 700+ words
...value in the MBS market may want to take a look at purchasing jumbo hybrid ARMs vs. agency hybrid ARMs, according to a new report out...meeting this year, analysts at Countrywide Securities note that hybrid ARM production has dropped only slightly - about 6% lower in...
- Fitch: Rising Rates Unlikely To Close Door On U.S. Hybrid ARM Performance.
- Press release article from: Business Wire July 27, 2004 700+ words
...those with an FRM or longer term hybrid ARM. While hybrid ARMs effectively...have remained low, with prime jumbo hybrid ARM originations consistently outpacing...In fact, by year-end 2003, jumbo hybrid ARMs accounted for roughly 40...
- Fitch Ratings Reports Increase In Hybrid ARM Loan Issuance.
- Press release article from: Business Wire July 24, 2002 700+ words
...volumes during periods of rising interest rates. 'Several hybrid ARM originators are offering borrowers an attractive interest...the loan? Despite limited performance data, Fitch expects jumbo hybrid ARMs performance to be more reflective of current 30-year...
- Lehman to launch agency hybrid ARM Index.
- News wire article from: The America's Intelligence Wire August 1, 2005 700+ words
...Lehman Brothers will be launching a stand-alone agency hybrid ARM Index - separate from the US Aggregate - next Monday, citing the remarkable hybrid ARM growth in recent years. "The hybrid ARM market has come a long way from being a small, non...
- Lehman to launch agency hybrid ARM Index.(adjustable rate mortgages)(Lehman...
- Newspaper article from: Asset Securitization Report July 25, 2005 700+ words
...Lehman Brothers will be launching a stand-alone agency hybrid ARM Index - separate from the US Aggregate - next Monday, citing the remarkable hybrid ARM growth in recent years. "The hybrid ARM market has come a long way from being a small, non...
- Moody's Revises Hybrid, ARM Analysis.
- Magazine article from: Mortgage Servicing News June 1, 2005 700+ words
...said its loss coverage requirements for hybrid ARM products, relative to fixed-rate mortgage...adjustable-rate products. "A benchmark hybrid ARM pool with an initial cap of 2%, periodic...assessing the incremental credit risk of a hybrid ARM pool," Moody's said. "Loans with...
- What's Hot, What's Not: Okay, in a refi boom the 30-year fixed sells like...
- Magazine article from: Broker Magazine Finkelstein, Brad December 7, 2001 700+ words
...Arbor, Mich., noted that the 5/1 hybrid ARM product is popular among borrowers on...another lender that just introduced a hybrid ARM interest-only product. This feature...years with the traditional five-year hybrid ARM. With an interest-only loan, during...
- HUD's hybrid ARM program moves ahead.(department of Housing and Urban...
- Magazine article from: Origination News Collins, Brian December 1, 2001 700+ words
...goes into effect once it is signed by the president. The hybrid ARM authority would allow the FHA to offer a loan product with...Corp. The Mortgage Bankers Association also supports the hybrid ARM program, but the trade group lobbied during the House-Senate...
- HUD OKs FHA's Hybrid ARM Loans.
- Magazine article from: National Mortgage News March 15, 2004 700+ words
...1 hybrid that lenders wanted. The final rule follows the hybrid ARM legislation passed two years ago that requires a one-percentage...proceeding," the final rule says. Congress approved the FHA hybrid ARM program as part of the President George Bush's initiative...
- FHA Lenders Now Able to Offer Hybrid ARM Loans: Many wanted, but didn't get, a...
- Magazine article from: Origination News April 1, 2004 700+ words
...1 hybrid that lenders wanted. The final rule follows the hybrid ARM legislation passed two years ago that requires a one-percentage...proceeding," the final rule says. Congress approved the FHA hybrid ARM program as part of the President George Bush's initiative...
Source: HighBeam Research, Hybrids Shake Up Jumbo ARM Loans.(Adjustable Rate Mortgage )(Brief...