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A Consumer's Guide to Mortgage Refinancings

Tip: Refinancing is not the only way to decrease the term of your mortgage. By paying a little extra on principal each month, you will pay off the loan sooner and reduce the term of your loan. For example, adding $50 each month to your principal payment on the 30-year loan above reduces the term by 3 years and saves you more than $27,000 in interest costs.

Changing from an adjustable-rate...

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Date: 2014-12-10 17:35:54

Related topics : mortgage loan rate of interest / interest rate home equity loan / line of credit home equity loan rates / home equity loan refinance cash out / refinancing home loan mortgage insurance

A Consumer's Guide to Mortgage Refinancings

Tip: Refinancing is not the only way to decrease the term of your mortgage. By paying a little extra on principal each month, you will pay off the loan sooner and reduce the term of your loan. For example, adding $50 each month to your principal payment on the 30-year loan above reduces the term by 3 years and saves you more than $27,000 in interest costs.

Changing from an adjustable-rate...

Read more

Date: 2014-12-10 17:35:54

Related topics : mortgage loan rate of interest / interest rate home equity loan / line of credit home equity loan rates / home equity loan refinance cash out / refinancing home loan mortgage insurance

FRB: Senior Loan Officer Opinion Survey: October 2016

The October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. 1 This summary discusses the responses from 69 domestic banks and 21 U.S. branches and agencies of foreign banks. 2

Regarding loans to businesses, the October survey results...

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Date: 2016-11-07 19:00:15

Related topics : home loan interest rate of all banks / loan credit report / auto loan bank / bank loan interest rates / federal home loan bank act

FRB: Mortgage Debt Outstanding, December 2016

Multifamily debt refers to loans on structures of five or more units.   Return to table

Includes loans held by nondeposit trust companies but not loans held by bank trust departments. Includes savings banks and savings and loan associations.   Return to table

FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of...

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Date: 2016-12-08 22:11:27

Related topics : federal savings & loan association / mortgage loan home equity / home loan federal bank / mortgage debt loan / federal loan bank

Charge-Off and Delinquency Rates on Loans and Leases at ...

n.a.

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Source. Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (1985-2000: FFIEC 031 through 034; 2001-: FFIEC 031 & 041).

Notes

Charge-offs, which are the value of loans removed from the books and charged against loss reserves, are measured net of recoveries as a percentage of average loans and annualized.

Delinquent loans are those past due thirty days or more and still accruing interest as well as those in nonaccrual status. They are measured as a percentage of end-of-period loans.

Banks are insured...

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Date: 2017-02-21 19:00:13

Related topics : bank loan interest rates / bank loan rate / commercial mortgage loan interest rates / commercial loan mortgage rates / federal loan bank

FRB: H.15--Selected Interest Rates, Web-Only Daily Update ...

Not available.

Footnotes

1. As of March 1, 2016, the daily effective federal funds rate (EFFR) is a volume-weighted median of transaction-level data collected from depository institutions in the Report of Selected Money Market Rates (FR 2420). Prior to March 1, 2016, the EFFR was a volume-weighted mean of rates on brokered trades.

2. Weekly figures are averages of 7 calendar days ending on...

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Date: 2017-02-27 21:15:12

Related topics : bank loan interest rates / federal loan bank of new york / commercial business loan interest rate / commercial loan interest rate / commercial business loan rates

FRB: Independent Foreclosure Review

PLEASE NOTE: As of July 2013, the Independent Foreclosure Review (IFR) ended at all mortgage servicers supervised by the Federal Reserve that were subject to foreclosure-related enforcement actions. The mortgage servicers reached an agreement in principle with the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to provide approximately $10...

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Date: 2017-01-03 15:50:13

Related topics : loan mortgage financing