Countrywide adds arm offerings. (Business Alert).COUNTRYWIDE HOME LOANS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ., CALabasas, California, has substantially expanded its adjustable-rate mortgage offerings. Through all its production channels, Countrywide now offers a variety of ARMs based on several different indexes, including the Cost of Funds Index A Cost of Funds Index or COFI is a regional average of interest expenses incurred by financial institutions, which in turn is used as a base for calculating variable rate loans. (COFI COFI Cost of Funds Index COFI Council Of Forest Industries (Canada) COFI Community Organizing and Family Issues COFI Checkout and Fault Isolation COFI Coder/Decoder Filter (electrical engineering) ), London Inter Bank Offered Rate (LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). ), Monthly Treasury Average (MTA), prime rate and Treasury. These additional loan products open a wide new market to Countrywide, which has traditionally focused more of its attention on offering highly competitive rates and services with its fixed-rate loans and hybrid ARMs, according to the company. |
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