Skip to main content

Managing real estate assets as carefully as you manage interest rate risks

National Mortgage Professional
Aug 14, 2006

The New York Mortgage Company introduces Homeowner Protection ARMMortgagePress.comAdjustable-rate mortgages, The New York Mortgage Company The New York Mortgage Company has introduced an adjustable-rate mortgage (ARM) loan that limits borrowers' interest rate risk while still allowing them to enjoy the benefits of falling rates - the Homeowner Protection ARM. The Homeowner Protection ARM is a 30-year loan that starts at 6.5 percent for three months and has a 6.99 percent cap for the first 10 years, with a floor of four percent. The rate, pegged to LIBOR, is adjusted monthly and has a margin of 1.5 percent over LIBOR. New York-based The New York Mortgage Company is a mortgage bank and subsidiary of real estate investment trust New York Mortgage Trust Inc. For more information, call (866) 563-6962 or visit www.nymc.com.
Published
Aug 14, 2006
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
Flexibilities Move Forward

Pandemic Priorities Continue To Drive Industry Modernization

Regulation and Compliance
Sep 08, 2021
FHFA And The Enterprises Coordinate Action On Equitable Housing

Today the FHFA is announcing that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to the FHFA by the end of 2021.

Regulation and Compliance
Sep 08, 2021
Realtors Encouraged By Biden Plan to Expand Housing Supply

Administration Said Wednesday It Plans To Add 100,000 Affordable Homes In 3 Years

Regulation and Compliance
Sep 03, 2021
Biden Administration Announces Plan For Affordable Housing

President Biden and his administration firmly believe it is time to intervene in the housing market.

Regulation and Compliance
Sep 01, 2021