July 12: ARM primer from the Fed; more on end of month closings; Chase & Wells earnings; where are locked pipelines going?
“Rob, has the CFPB or the Federal Reserve put out anything on ARM loans?” You bet it has: http://files.consumerfinance.gov/f/201204_CFPB_ARMs-brochure.pdf. It is a nice primer, with pretty colors, easy-to-read print, and small words – just right for me. I am continuing to think that mortgage bankers are like farmers. Last year, and the first half…