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Federal Home Loan Mortgage

Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac)... [Pg.182]

FHLMC Federal Home Loan Mortgage Corporation. [Pg.182]

The U.S. market also includes adjustable-rate mortgages, or ARMs, which reset interest payments at specified intervals to a specified shortterm interest rate index. The interval between resets can be a month, six months, a year, or longer. The interest rate is usually set at a spread over the reference rate, which can be market-determined—the prime rate, for instance—or calculated based on the funding costs for U.S. savings and loan institutions, or thrifts, as indicated by one of the thrift indexes. The two most commonly consulted thrift indexes are the Eleventh Federal Home Loan Bank Board District Cost of Funds Index, or COFI, and the National Cost of Funds Index. [Pg.247]

See other pages where Federal Home Loan Mortgage is mentioned: [Pg.158]    [Pg.158]    [Pg.244]    [Pg.337]    [Pg.176]    [Pg.180]    [Pg.506]    [Pg.167]    [Pg.170]    [Pg.176]   


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