What is meant by the 11th District Cost of Funds Index

What is meant by the 11th District Cost of Funds Index

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The 11th District Cost of Funds Index (COFI) is a monthly weighted normal of the loan fees paid on checking and bank accounts offered by monetary foundations working in Arizona, California, and Nevada. It is one of the numerous files utilized by contract moneylenders to change the loan fee on adjustable-rate mortgages (ARM) and was … Read more