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Fully Indexed Rate |
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Fully Indexed Rate On an ARM, the current value of the interest rate index, plus the margin. See Adjustable Rate Mortgage (ARM)/The Fully Indexed Rate. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Further, unlike many in the industry, we have always underwritten our loans at the fully indexed rate and have not engaged in home equity piggyback lending. For example, Freddie Mac (NYSE: FRE), the huge GSE [Government-Sponsored Enterprise] which helps support the mortgage market, recently announced that as of September 1, 2007 it would only buy mortgages which were qualified based on the fully indexed rate, not on the initial teaser rate. GOLDEN WEST FINANCIAL CORPORATION AND SUBSIDIARIES MONTHLY FINANCIAL HIGHLIGHTS December 1999 - December 2000 (Dollars in millions) 2000 DEC NOV OCT SEP Total Assets $ 55,704 $ 54,848 $ 54,284 $ 52,365 Cash and Investments $ 1,112 $ 1,179 $ 1,472 $ 663 Loan balance (Including MBS) $ 52,343 $ 51,370 $ 50,506 $ 49,483 Loans Originated $ 1,648 $ 1,568 $ 1,647 $ 1,650 - Month Fully Indexed Rate on Loans Originated - Month 8. |
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