Michael Schoenbeck

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  www.originationnews.com/plus/archive/?id=142597 - [Cached Version]
  Published on: 2/1/2007    Last Visited: 7/25/2008  

  "In 2006, two-in-five ARMs were 5/1 hybrids," commented Michael Schoenbeck, a business economist at Freddie Mac.

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  ALTA - Industry News - [Cached Version]
  Published on: 1/4/2007    Last Visited: 11/22/2007  

  "In 2006, two-in-five ARMs were 5/1 hybrids," commented Michael Schoenbeck, a business economist at Freddie Mac.

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  ARM Share Maintains Despite Disappointing Discounts - [Cached Version]
  Published on: 1/5/2006    Last Visited: 11/20/2008  

  "In the last half of 2000, the last time the Treasury yield curve inverted, the one-year conforming, conventional ARM rate had a discount of about 1.6 percentage points," said Freddie economist Michael Schoenbeck in the survey.

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  ARM Survey Finds Larger Initial Rate Discounts and... - [Cached Version]
  Published on: 2/23/2006    Last Visited: 2/23/2006  

  "In the last half of 2000, the last time the Treasury yield curve inverted, the one-year conforming, conventional ARM rate had a discount of about 1.6 percentage points," said Michael Schoenbeck, a business economist at Freddie Mac.

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  ARMs Get A Leg Up On Fixed Rate Mortgages - [Cached Version]
  Published on: 12/24/1999    Last Visited: 2/15/2002  

  Lenders discount the initial interest rate to attract home buyers," said Michael Schoenbeck, senior financial analyst at Freddie Mac.
  
  In November the initial rate for a 1-year conforming ARM was about two percentage points below the equivalent fully-indexed rate.
  
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  Higher Rates Sound The Call To ARMS, Locks

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  Freddie Mac Press Release - [Cached Version]
  Published on: 1/4/2001    Last Visited: 2/25/2002  

  "Historically," commented Michael Schoenbeck, senior financial analyst, "the traditional 1-Year ARM dominated the ARM market with nearly a third of all ARMs originated."
  
  With the yield curve inverted, a few lenders actually had interest rates for longer initial-period ARMs lower than the traditional 1-year ARM.Another factor with an inverted yield curve is that the interest rates for medium-term hybrid ARMs -- 7/1 ARM, 10/1 ARM -- are equal to or above the 30-year FRMs.
  
  Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing.Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets.Over the years, Freddie Mac has opened doors for one in six homebuyers and more than two million renters in America.

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  Historically Low Fixed-rate Mortgage Rates Keep Market... - [Cached Version]
  Published on: 12/26/2002    Last Visited: 11/26/2005  

  "The first year savings in mortgage payments totals only about $125, but depending on the path of future interest rates, it can have more payment stability than the annually adjusting hybrids," observed Michael Schoenbeck, Senior Financial Analyst for Freddie Mac.

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  HousingZone.com - News - [Cached Version]
  Last Visited: 1/24/2005  

  Freddie economists Frank Nothaft and Michael Schoenbeck and director of financial research Buchi Ramagopal authored the report.

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  News - [Cached Version]
  Published on: 12/8/2004    Last Visited: 12/9/2004  

  This forecast was prepared by Frank E. Nothaft, Freddie Mac's chief economist; Buchi Ramagopal, Freddie Mac's director of financial research; and Freddie Mac economist Michael Schoenbeck.

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  Owners.com : Reference Library : ARMs Get A Leg Up On... - [Cached Version]
  Published on: 7/25/2001    Last Visited: 12/30/2003  

  Lenders discount the initial interest rate to attract home buyers," said Michael Schoenbeck, senior financial analyst at Freddie Mac.

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