FNMA: For ARMs with an initial fixed-rate period of 5 years or less, lenders must use the greater of the note rate plus 2%, or the fully indexed rate (effective for manually underwritten mortgage loans.)
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May
03
2010
03
2010
FNMA: For ARMs with an initial fixed-rate period of 5 years or less, lenders must use the greater of the note rate plus 2%, or the fully indexed rate (effective for manually underwritten mortgage loans.)
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