Carteret Mortgage announces signed option-ARM disclosures.(Briefing Book)(Adjustable Rate Mortgages)(Brief article)
Mortgage broker Carteret Mortgage Corporation, Centerville, Virginia, has announced it will mandate that all option-ARM applicants receive and sign a company-designed disclosure statement that clearly explains negative amortization and its potential to increase the principal balance of the

Publication: Mortgage Banking

New Rules Require More Mortgage Data; Fed Change May Make It Easier to Shop for Adjustable-Rate Loans
New Federal Reserve Board regulations requiring lenders to provide earlier and more extensive disclosures about their adjustable-rate mortgages may make it easier for borrowers to shop for loans. Under the new rules, which took effect Dec. 28 but don't become mandatory until next Oct. 1, lenders

Publication: The Washington Post

Bankrate: Fixed Mortgage Rates Steady While Adjustable Rates Fall.
M2 PRESSWIRE-9 May 2008-Market Review: Bankrate: Fixed Mortgage Rates Steady While Adjustable Rates Fall(C)1994-2008 M2 COMMUNICATIONS LTD RDATE:12052008 Streetinvesting.com has now resumed our progressive Bankrate Inc. (NASDAQ:RATE) as it fell down $0.77 on below average volume early trading

Publication: M2 Presswire

A Wake-Up Call To ARMs: Will CUs Reap Rewards As Consumers Flee To Safety?(adjustable rate mortgages)(credit unions)
FORT WORTH, Texas -- The long arm of those adjustable rate mortgages (ARMs) and Interest only (IO) mortgages is driving consumers into the arms of credit unions and may finally help boost the CU market share at last, according to a number of mortgage experts. Repricing ARMs and IO mortgages can

Publication: Credit Union Journal

Adjusting to the perils of ARMS. (adjustable-rate mortgage)
Adjusting to the Perils of ARMs Not since its advent in the late 1970s has the adjustable-rate mortgage (ARM) been the focus of attention equivalent to what it is now getting from the mortgage lending community, the press, consumers and, increasingly, the courts and federal regulators. The focus

Publication: Mortgage Banking

ARMed and dangerous. (errors in adjustable rate mortgages adjustments)
ARMED AND DANGEROUS Until fairly recently, mortgage lenders' principal concerns with the Truth in Lending Act (TILA) involved disclosure requirements that were based on information known at the time the loan was originated. When TILA was enacted some 20 years ago, it focused on initial disclosures

Publication: Mortgage Banking