FEDERAL FINANCIAL REGULATORS ISSUE FINAL ILLUSTRATIONS OF CONSUMER INFORMATION FOR HYBRID ADJUSTABLE RATE MORTGAGE PRODUCTS
The Federal Deposit Insurance Corporation issued the following news release: The federal financial regulatory agencies today issued final illustrations for helping consumers understand certain hybrid adjustable rate mortgage (ARM) products. The agencies' Statement on Subprime Mortgage Lending

Publication: US Fed News Service, Including US State News

SUBPRIME MORTGAGE PRODUCTS: INTERAGENCY ILLUSTRATIONS OF CONSUMER INFORMATION FOR HYBRID ADJUSTABLE RATE MORTGAGE PRODUCTS
The Federal Deposit Insurance Corporation issued the following financial institution letter: SUMMARY: The federal bank, thrift and credit union regulatory agencies have published the attached Illustrations of Consumer Information for Hybrid Adjustable Rate Mortgage Products, which are intended to

Publication: US Fed News Service, Including US State News

FEDERAL FINANCIAL REGULATORS ISSUE FINAL ILLUSTRATIONS OF CONSUMER INFORMATION FOR HYBRID ADJUSTABLE-RATE MORTGAGE PRODUCTS
The Federal Reserve Bank issued the following news release: The federal financial regulatory agencies today issued final illustrations for helping consumers understand certain hybrid adjustable-rate mortgage (ARM) products. The agencies' Statement on Subprime Mortgage Lending (Subprime Statement),

Publication: US Fed News Service, Including US State News

MORTGAGE RATES RISE TO 1-YEAR HIGH ADJUSTABLE LOANS DRAWING ATTENTION
The cost of the average fixed-rate mortgage hit a one-year high this week as an improving economy continued to drive up interest rates, the federal lender Freddie Mac said yesterday in its weekly survey. As rates continue to rise following historic 40-year lows in mid- June, lenders say some

Publication: The Boston Globe

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

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