| 30-yr Fixed Rate Mortgage | 15-yr Fixed Rate Mortgage | 1-yr Treasury Indexed ARMs | MBA Refi Index | Home Purchase Index | |
| Week ending 12/03/04 | 5.81% | 5.23% | 4.19% | 1912.3 | 460.3 |
| Week ending 11/26/04 | 5.72% | 5.15% | 4.19% | 2179.3 | 463.3 |
| One Year Ago | 5.89% | 5.22% | 3.77% | ||
| Refinancings made up 46.4% of the total volume of mortgage loan applications, decreasing from 48.4% last week. Base period for indexes 3/16/90 = 100 | |||||
Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
