Skip to main content

Capitol comment

National Mortgage Professional
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 www.abconduit.com.
Published
Dec 29, 2004
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021