These are as follows:--Approximately $200,000,000 fiscal 2019 series B, subseries B-4 tax-exempt bonds (adjustable rate bonds); and --Approximately $75,000,000 fiscal 2019 series B, subseries B-5 tax-exempt bonds (adjustable rate bonds.
Armour is a Maryland corporation that invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate mortgage-backed securities issued or guaranteed by US government-sponsored enterprises, or guaranteed by the government National Mortgage Association.
* $41.3 million adjustable rate mortgage that will be used to purchase a multifamily housing property with 674 living units in a building with 680,364 square feet of residential space in Washington, D.C.
For example, adjustable rate mortgages (ARMs) typically feature lower interest rates than fixed rate mortgages (FRMs) because borrowers bear some of the interest rate risk (Brueckner (1986); Sa-Aadu and Sirmans (1989); Pennington-Cross and Ho (2008)).
Tampa, FL, March 04, 2011 --(PR.com)-- Wells Fargo's recent pledge to make $2.4 billion in loan modifications for California borrowers with adjustable rate mortgages is a step in the right direction, according Jo Ann Koontz, an attorney and CPA in the Yesner & Boss Sarasota office.