We've had two requests from clients regarding CMT ARMS being available in Marksman. One investor offering the CMT is Homeward Capital,
There are a number of investors that use the CMT index for their ARM products. We just need to add this option along with the LIBOR and UST index.
Traditionally, investors have used either the UST or CMT for government loans. We have applied them interchangeably. Since we apply the caps and margin separately, that should not be an issue. What is the current difference in the indices mentioned? Also, what other investors use CMT?
CMT does not appear to be used much anymore. Will reopen if this changes.