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Q: Real Estate Finance ( No Answer,   1 Comment )
Question  
Subject: Real Estate Finance
Category: Business and Money > Finance
Asked by: hph-ga
List Price: $5.00
Posted: 12 Nov 2003 06:47 PST
Expires: 12 Dec 2003 06:47 PST
Question ID: 275055
I would like to get some info on MTA mortgages (I think stand for
Maturity Treasury Account but not sure) and maybe compar with 30 years
loan.
Answer  
There is no answer at this time.

Comments  
Subject: Re: Real Estate Finance
From: crhptic-ga on 24 Nov 2003 21:51 PST
 
MTA stands for Moving Treasury Average. MTA is an index composed of a
historical average of US Treasury securities. It is an index that is
commonly used on ARM (Adjustable Rate Mortgages). Some other indices
that are used there include LIBOR (London InterBank Offered Rate) and
COFI (Cost of Funds Index). Various banks also have their own weird
proprietary indices for their ARMs, but those are the three big ones.

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