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

Monday, January 30, 2012

ALL FMAC RNY CLIENTS: Freddie seemed to have a little trouble posting correct 15-year RNYs this morning. We wrote to them and believe that the ones posted at the 11:00 hour are correct, and so put them into the database. We are re-issuing spreadsheets with updated data. Webservice clients should not be affected.

Friday, January 6, 2012

ALL LIBOR CLIENTS: Due to a typographical error, the Jan 5 6-month LIBOR (reported Jan 6) has been changed. The correct value is 0.81200%, not 0.82100% as originally reported. We apologize for any inconvenence this has caused.

Tuesday, January 3, 2012

ALL FMAC RNY CLIENTS: Freddie has not updated their release yet today. As it is past 1pm, we are sending reports without them. Should the release be updated at some point today, we will update and re-issue reports.

Wednesday, November 23, 2011

ALL LIBOR CLIENTS: Due to a typographical error, the Nov 21 LIBORs (reported Nov 22) has been changed. The correct value is 1.02589%, not 1.0259% as originally reported. We apologize for any inconvenence this has caused.

Thursday, November 11, 2011

ALL LIBOR CLIENTS: Due to a typographical error, the Nov 9 LIBORs (reported Nov 10) has been changed. The correct value is 0.64833%, not 0.65833% as originally reported. We apologize for any inconvenence this has caused.

Thursday, October 12, 2011

ALL LIBOR CLIENTS: Certain October 5, 2011 LIBORs have had changes to previously-reported values. The BBA re-fixed the values of the 6-month and 12-month LIBORs in US Dollars at 5:01pm. After waiting for confirmation from the Wall Street Journal of the change from values originally reported, HSH's database has been now been changed. The corrected values for 10/5/11 are: 6-month LIBOR 0.57161%; 12-month LIBOR 0.88250%. We apologize for any inconvenience this has caused.

Monday, August 29, 2011

ALL LIBOR CLIENTS: There will be no values for LIBOR for Monday, August as the exchange is closed for to the UK Summer Bank Holiday.

Wednesday, June 1, 2011

ALL FMAC RNY CLIENTS: Freddie has not updated their release yet today. As it is past 1pm, we are sending reports without them. Should the release be updated at some point today, we will update and re-issue reports.

Tuesday, May 31, 2011

ALL FMAC RNY CLIENTS: Freddie has not updated their release yet today. As it is past 12:30pm, we are sending reports without them. Should the release be updated at some point today, we will update and re-issue reports. Update: Freddie finally posted RNY at 1pm. New reports will be issued.

Monday, May 30, 2011

ALL LIBOR CLIENTS: There will be no values for LIBOR for Monday, May 30 as the exchange is closed for to the UK Spring Bank Holiday.

Friday, May 20, 2011

ALL LIBOR CLIENTS: An error in production failed to update LIBORs for 05/19/11. The values are: Overnight: 0.13025%, 1-mo: 0.19525%; 3-mo: 0.25850%, 6-mo:0.40875%, 12-mo: 0.73700%. We apologize for any inconvenience this may have caused.

Wednesday, May 10, 2011

ALL 6-MONTH LIBOR CLIENTS: An incorrect Monday May 9 value of 0.2325 was entered into the database. The correct value is 0.42325; we apologize for any inconvenience this may have caused.

Monday, May 22, 2011

ALL FMAC RNY CLIENTS: Freddie has not updated their release yet today. As it is past 12:30pm, we are sending reports without them. Should the release be updated at some point today, we will update and re-issue reports. Update: Freddie posted RNYs at 4:24pm EST, so we are re-issuing reports this evening.

Friday, April 22, 2011

ALL LIBOR CLIENTS: The London Exchange is closed for Good Friday, and again for Easter Monday (04/25) so there will be no LIBOR values published for these days. In addition to these days, the exchange will be closed for the Royal Wedding on 04/29, and then again on May 2 for the UK's Early May Bank Holiday.

Monday, March 28, 2011

ALL CLIENTS: Fannie Mae's Required Net Yields (RNY) have not yet been available this morning. We have contacted Fannie Mae but are preparing reports without the information as the hour is becoming late.
Update: they released RNY data at 1pm EST. Reports are being re-compiled and shipped this afternoon.

Thursday, October 7, 2010

WEBSERVICE CLIENTS: You've probably noticed that you're pulling old data from the webservice channel. There is an issue in updating the database from which you pull the current values of the indices. We're aware of the issue and have IT working on it.

Our apologies for the inconvenience - it should be fixed shortly.

Thursday, December 2, 2010

ALL CLIENTS: Per Announcement SEL-2010-06, Fannie Mae has "retired" balloon mortgage loans as a standard product. They will no longer be making available Required Net Yields, and so they will no longer be a part of the service.

Thursday, October 7, 2010

WEBSERVICE CLIENTS: You've probably noticed that you're pulling old data from the webservice channel. There is an issue in updating the database from which you pull the current values of the indices. We're aware of the issue and have IT working on it.

Our apologies for the inconvenience - it should be fixed shortly.

Wednesday, September 22, 2019

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; can't delay any longer. Reports going out w/out today's FHLMC RNYs.

UPDATE 2: As of 5 PM Eastern, today's Freddie Mac RNYs were not posted on their website.

Monday, September 20, 2010

IF YOU experienced service issues on Friday, Sept. 17, it's because certain automated processes did not operate normally. As a result, you may have not received the latest daily figures (Libor, RNYs, etc). We believe we have everything back on line, and we apologize for any inconvenience.

Thursday, September 2, 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 2: First RNYs were posted at 09:00 Eastern, so that is what the database will record for today's open.

Tuesday, August 31, 2010

Some subscribers may have received two copies of this morning's spreadsheet reports. There should be no difference between them; the process was interrupted and then re-started, resulting in some duplicates being sent out.

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.

---

Comments? Feedback? Tell us about it.

For 2009 news, click here.