Keith Gumbinger, vice president at HSH.com, said the deeper the markets fall and the lower rates go, the greater the chance of a sharp economic turnaround that could be triggered by a coordinated central bank move or a breakthrough in containment or treatment. Even a slowing in the rate ...
Because ARM volumes are usually low, when they do originate them, mortgage bankers may originate them for sale to another firm (sometimes a bank) in what's called a "correspondent lending" arrangement. The FHA program also insures ARMs, mostly structured as the traditional k...