Alarm over interest-only ARMs: much ado about nothing.(Executive Suite)(adjustable-rate mortgages)
Done to death by slanderous tongue Was the Hero that here lies --WILLIAM SHAKESPEARE, Much Ado About Nothing THE SLANDEROUS TONGUE IN THIS case is being aimed at interest-only (IO) adjustable-rate mortgages (ARMs). Here is why the concern over the risk of IO ARMs may turn out to be much ado about

Publication: Mortgage Banking

Fitch: U.S. Risks of 40-, 45-, and 50-year Mortgages Vary by Product.
NEW YORK -- A recent study by Fitch Ratings shows that mortgage products with amortization terms of more than 30 years present markedly different risk profiles for different product types. Fitch identified that the 40-year option adjustable-rate mortgages (ARMs) face significantly larger payment

Publication: Business Wire

TERMS EXPLAINED TO MAKE MORTGAGE PROCESS EASIER
The mortgage process can be intimidating and confusing -- after all, it is likely to be the single-biggest investment many of us will make in our lifetimes. In fact, four out of 10 home buyers report being confused by the mass of paperwork confronting them when getting a residential mortgage,

Publication: Sun Publications (IL)

Today's best value? Hybrid ARMs
Wouldn't it be nice if we could purchase seasoned Treasury indexed ARM securities at par without a teaser coupon? Wouldn't it be nice to invest in ARMs that are profitable right away? This kind of dream asset may be closer than you think. Let's consider hybrid ARMs. Definition A hybrid ARM security

Publication: America's Community Banker

Florida leads the field in protecting consumers and raising the bar for mortgage providers
While many states are still contemplating their own legislative remedy to problems in the housing and finance industry, the Florida Legislature was swift to address public concern of a potential "credit crisis" during the 2007 session. Signed into law June 19, SB-1824 amends the Mortgage Lending

Publication: Westside Gazette

The Web services advantage: the data-access challenge long associated with legacy systems is being addressed through the growing use of Web services.(Cover Report: Technology)(mortgage industry to use web services technology)(Cover story)
Mortgage servicers and retail banking institutions with a mortgage servicing arm have a tremendous need to get the right data to the right system at the right time. They must easily and instantly exchange mortgage data with employees and customers, as well as securely deliver specific data elements

Publication: Mortgage Banking