Low Loan Rates! Mortgage Loan Rates Fall to 2-Year Low, Mortgage Applications Rise Only Slightly – The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 1.3% in the group’s seasonally adjusted composite index for the week.
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Uniform Closing Dataset (UCD) Info; FINRA; Fed Announcement – As announced in September 2016,the Uniform Closing Dataset (UCD. that all loans submitted for purchase with notes dated on or after September 25, 2017 conform to the UCD requirements. To support.
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Mortgages – Home Mortgage Loans from Bank of America – Also called a variable-rate mortgage, an adjustable-rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBOR). Bank of America ARMs use LIBOR as the basis for ARM interest rate adjustments.