cost of funds index


Also found in: Acronyms, Wikipedia.

cost of funds index (COFI)

A yield index based on the cost of funds to savings & loan institutions in the San Francisco Federal Home Loan Bank district. It is one of the indexes commonly used to set the rate of adjustable-rate mortgages.

References in periodicals archive ?
The variable pass-through rate is based on an 11th district cost of funds index.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced March 31, 2006, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for February 2006 is 3.
The interest rate on each mortgage loans is indexed to the Cost of Funds Index.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced February 28, 2006, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for January 2006 is 3.
The class F-1 and class B certificates maintained sufficient cash flow level under extremely stressful interest rate and prepayment assumptions, such as high levels for London Interbank Offered Rate (LIBOR) and Cost of Funds Index (COFI) and high mortgage prepayments.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced January 31, 2006, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for December 2005 is 3.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced December 30, 2005, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for November 2005 is 3.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced November 30, 2005, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for October 2005 is 3.
5% negative amortization Cost of Funds Index (COFI) adjustable-rate mortgages (based on a weighted average of both groups) and fully amortizing COFI, LIBOR, Constant Maturity Treasury Rates (CMT), and Prime-based adjustable-rate first lien, residential mortgage loans on one- to four-family homes.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced October 31, 2005, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for September 2005 is 2.