QUOTA FILLING FOR GOOD-DEAL FHA MORTGAGES NUMBER OF ADJUSTABLE-RATE LOANS LIMITED BY CAP WRITTEN INTO LAW.(Business)
The Federal Housing Administration may have to stop insuring adjustable-rate mortgages by late April because it's getting too many applications for the popular loans. That could prove particularly painful for first-time home buyers in Washington, where the ARM program is especially popular. More

Publication: Seattle Post-Intelligencer (Seattle, WA)

Adjustable-rate mortgage can be refinanced later
Mark Landt knows he's taking on some risk by considering an adjustable-rate mortgage to finance a home as investment property, but he's willing to bet that he can refinance later to a lower fixed rate. "Interest rates are a little high now, so I don't really want to lock into a 30-year fixed-rate

Publication: Charleston Gazette

Check Terms of Adjustable-Rate Mortgage
With mortgage interest rates moving up, we are looking carefully at an adjustable-rate mortgage. However, we really do not fully understand how it works, and would like your comments on this kind of mortgage. Unfortunately, in the past few months, mortgage interest rates rose considerably. Needless

Publication: The Washington Post

An Investigation of Adjustable-rate Mortgage Pricing Features
Abstract Mortgage borrowers face the difficult prospect of evaluating the costs and risks associated with the choice of terms for adjustable-rate mortgages. This study uses a simulation approach to model the choices. We represent the risk of the adjustable-rate mortages with distributions of

Publication: Financial Services Review

As interest rates rise, adjustable-rate mortgages become popular again. (Originated from Knight-Ridder Newspapers)
PHILADELPHIA _ Eight months ago, adjustable-rate mortgages were as popular as the Jersey Shore in January. ``You couldn't give them away said Keith S. Gumbinger, an analyst with HSH Associates of Butler, N.J., which monitors mortgage interest rates. In January, with 30-year fixed rates just below 7

Publication: Knight Ridder/Tribune News Service

Government Corporations Redefine Criteria to Adjustable-rate Mortgages
NEW YORK - Adjustable-rate mortgages can stretch only so far. That's the approach being taken to these days at the big, government-created corporations that buy and insure many of the home loans made in this country by banks, savings and loans and other financial institutions. Over the last few

Publication: The Journal Record