| MORTGAGE DATA | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30-yr. Fixed | 15-yr. Fixed | 5-yr Treasury | 1-yr Treasury- | MBA Refi | Home Purchase | |||||||||
| Rate Mortgage | Rate Mortgage | Indexed ARMs | Indexed ARMs | Index | Index | |||||||||
| Week ending 03/22/12 | 4.08% | 3.30% | 2.96% | 2.84% | ||||||||||
| Week ending 03/15/12 | 3.92% | 3.16% | 2.83% | 2.79% | ||||||||||
| One Year Ago | 4.81% | 4.04% | 3.62% | 3.21% |
Refinancings made up 73.4% of the total volume of mortgage loan applications, decreasing from the previous week when it was 75.1%. Base period for indexes 3/16/90 = 100
Used cars make up virtually American Credit Acceptance entire collateral pool, and while observers said recoveries in this asset group have been lower, the pool includes a higher percentage of better performing called collateral.
The company's attorneys had previously managed to successfully decertify the class in the seven-year long case, but the decision was reversed last year.
Banks and other financial market participants have been keyed into the central bank's communications around monetary policy expectations. But in an unpredictable economy, the guidance doesn't always hit the mark.
Only tangible, high-value works of art or collectible items will be allowed in the Sotheby's ArtFi Master Trust asset pool, and Sotheby's Financial Services eschews originating loans funded by NFTs or other intangible assets.
As banks retreat from the residential mortgage loan market, more private credit investors are embracing non-agency, non-QM financing to provide liquidity—and reap rewards.
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
