| 30-yr Fixed Rate Mortgage | 15-yr Fixed Rate Mortgage | 1-yr Treasury Indexed ARMs | MBA Refi Index | Home Purchase Index | |
| Week ending 02/06/04 | 5.72% | 5.03% | 3.61% | 3250.6 | 444.0 |
| Week ending 01/30/04 | 5.68% | 4.97% | 3.59% | 3296.7 | 451.6 |
| One Year Ago | 5.88% | 5.27% | 3.89% | ||
| Refinancings made up 57.0% of the total volume of mortgage loan applications, decreasing from 58.5% from last week. Base period for indexes 3/16/90 = 100 | |||||
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.
The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
