Skip to main content

Capitol comment

Dec 29, 2004

ABC extends its ARMsmortgagepress.commonthly treasury average, adjustable-rate mortgage, Power ARMs American Brokers Conduit has updated its monthly treasury average (MTA) adjustable-rate mortgage product, which includes a 100 percent loan-to-value (LTV) option with lender-paid mortgage insurance. The MTA ARM product offers loan amounts to $500,000 on primary residences and second/vacation homes, LTVs of 100 percent with a 700 credit score, and 95 percent with a 680 credit score. In addition, a three-year pre-payment penalty option has been added along with several other enhancements. Based on the 12-month MTA index, American Brokers Conduit's MTA ARMs (or Power ARMs) were designed as an alternative to traditional ARM programs, with one-, three-, six- and 12-month programs available. For more information, visit
About the author
Dec 29, 2004
STRATMOR, Teraverde Deal A 'Merger Of Equals'

The recent merger of mortgage advisory firms came without the need to lay people off or make any major staffing changes.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024