ARM Index Bulletin See the latest ARM indexes here Occasional news & changes about adjustable rate mortgage indexes and other financial indicators

Thursday, July 29, 2010

Freddie Mac's RNY page is late, again. First RNYs were posted at 09:00 EDT, so that is what the database will record for today's open.

Tuesday, July 27, 2010

Freddie Mac's RNY page hasn't been updated yet. We'll delay the reports in the hope that the page will be updated soon.

UPDATE: It's 11 AM Eastern and no Freddie RNYs. Can't wait any longer - reports going out. Subscribers: feel free to email us if you need the figures.

UPDATE 2: First RNYs were posted at 11:02:26 EDT, so that is what the database will record for today's open.

Thursday, July 22, 2010

Still waiting for Freddie Mac to update its Federal COF Index for June...

Monday, May 31, 2010

Today is Memorial Day, so Fannie Mae and Freddie Mac are closed. And the UK is celebrating their Spring Bank Holiday.

There are no daily Libors for today, so subscribers will see a "0" or a "-1" on their reports (depending upon the format) on Tuesday, June 1, where the values would normally appear.

Friday, May 28, 2010

Freddie Mac's RNY page hasn't been updated yet. We'll delay the reports in the hope that the page will be updated soon.

UPDATE: It's 11 AM Eastern and no Freddie RNYs. Can't wait any longer - reports going out. Subscribers can email us if they need the figures.

Friday, May 28, 2010

Reminder: no daily Libors will be published this coming Monday, which in the UK is the Spring Bank Holiday. Subscribers will see a "0" or a "-1" on their reports (depending upon the format) on Tuesday, June 1, where the values would normally appear. Happily, most of you will be off for Memorial Day, but your index report will be issued regardless.

Monday, May 3, 2010

NO DAILY LIBORS for May 3 - it's the Early May Bank Holiday in the UK. Subscribers will see a "-1" tomorrow where the values would normally appear. Alas, no such holiday in the US -- but both US and UK bankers will enjoy a day off on May 31, which for Americans is Memorial Day while bankers across the pond will enjoy the Spring Bank Holiday.

Friday, April 23, 2010

Freddie Mac's RNY page hasn't been updated yet. We'll delay the reports in the hope that the page will be updated soon.

UPDATE: First RNYs were posted at 09:29 EDT . Reports going out!

Friday, April 23, 2010

The "Average Prime Offer Rates" Tables haven't been updated for the upcoming week yet.

Today

A note to our ARM Index Service subscribers: HSH was acquired by QuinStreet last year, and they are now sending out all subscriber invoices.

Please be aware that invoices from QuinStreet, Inc. of Foster City CA are the official invoices for your subscription. Thanks!

Monday, April 5, 2010

Reminder: Last Friday was a holiday in the UK, so today's reports will show "0.000" where the daily Libors would be. Ditt for tomorrow's reports, since today is Easter Monday in the UK.

Friday, April 2, 2010

Today is Good Friday, which means there will be no daily Libors released for today. Ditto for Monday, which is also a UK bank holiday.

Tuesday, March 23, 2010

Freddie Mac's RNY page hasn't been updated yet. We'll delay the reports in the hope that the page will be updated soon.

UPDATE: First RNYs out at 09:52 EDT. Reports going out!

Thursday, February 25, 2010

HSH's office is closed today due to yet another snowstorm, but index reports are going out.

Wednesday, February 10, 2010

No word yet on whether the Fed will again delay the release of the weekly H.15 due to the unrelenting snowstorms; if you're curious, check out this page.

HSH is, however, closed today -- the area is getting socked by blizzard-like conditions. While we can't answer the phones, we're reachable via email.

UPDATE: The weekly H.15 is out. New Treasury and other values will appear on tomorrow's reports.

Tuesday, February 9, 2010

Weekly H.15 delayed again:

No update on February 8, 2010

Due to inclement weather, the Federal Reserve Board is closed on Tuesday, February 9, 2010. The H.15 weekly release and daily update scheduled for today will not be published. The release and daily update will be published on Wednesday, February 10, 2010, unless otherwise announced.

Monday, February 8, 2010

Weekly H.15 delayed -- from the Federal Reserve website:

No update on February 8, 2010

Due to inclement weather, the Federal Reserve Board is closed on Monday, February 8, 2010. The H.15 weekly release scheduled for today will not be published. The release and daily update will be published on Tuesday, February 9, 2010, unless otherwise announced.

Thursday, January 21, 2009

Freddie Mac's RNY page shows the 'open' as 09:30:52 EST, so that's what we're going with today.

Friday, January 15, 2010

Were you wondering why the 11th District Cost of Funds index leaped 84 basis points (0.84%) in a single month? This article in The Wall Street Journal explains why:

The jump in Cofi is tied to the wave of bank mergers caused by the financial crisis. It has its roots in the 2006 acquisition of California lender Golden West Financial Corp. by Wachovia Corp. The deal left Wachovia with souring mortgages and spurred that bank's sale to Wells Fargo & Co. in 2008. Wachovia was by far the biggest bank included in the Cofi calculation, and as part of its acquisition by Wells Fargo, it was removed from the report data for Cofi.

Read the whole thing.

UPDATE: The FLHBank of San Franciso has added this to its page which announces the latest COF:

Note: Effective November 1, 2009, Wachovia Mortgage, FSB, merged into Wells Fargo Bank, N.A., which is not eligible to be a COFI Reporting Member. As a result, Wachovia Mortgage was not included in the November 2009 Cost of Funds Index. The impact of removals of COFI Reporting Members on the COFI depends entirely on the amount of interest expense and total funds (deposit accounts, advances, and other borrowings) of the entity being removed. If an institution with a large amount of interest expense and total funds is removed from the COFI Reporting Members, the impact on the COFI may be significant.

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