Alphabet Soup
A number of acronyms have been developed to shorten references to commonly used entities. Some of them are explained here.
- ARM
- Adjustable Rate Mortgage
- CMT
- Constant Maturity Treasury, An index of set maturity Treasury issues.
- COFI
- 11th District Cost of Funds Index
- FHFB
- Federal Housing Finance Board
- FHLMC
- Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac.
- FNMA
- Federal National Mortgage Association, commonly known as Fannie Mae.
- GSE
- Government Sponsored Enterprise, Organizations such as Fannie Mae and Freddie Mac that have some degree of government sponsorship.
- IO
- Interest Only, form of hybrid Arm that requires interest payments only during initial interval
- LIBOR
- London Interbank Offered Rate
- OAD
- Option Adjusted Durations
- OAS
- Option Adjusted Spread
- OFHEO
- Office of Federal Housing Enterprise Oversight
- TBA
- To Be Announced, actual GSE pools delivered to settle trades.
page revision: 6, last edited: 02 May 2011 04:49