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Acronymfinder

What does FIR stand for?

FIR stands for Fully Indexed Rate


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of FIR

Other Resources:
We have 113 other definitions for FIR in our Acronym Attic

Samples in periodicals archive:

For example, Freddie Mac (NYSE: FRE), the huge GSE [Government-Sponsored Enterprise] which helps support the mortgage market, recently announced that as of September 1, 2007 it would only buy mortgages which were qualified based on the fully indexed rate, not on the initial teaser rate.
Cutts explains that borrowers with one-year ARMs would find their fully indexed rate to be higher than what they can obtain with today's fixed rates.
In particular, while yields on our adjustable rate assets will ultimately move in response to movements in short term rates, they will do so with a lag owing to reset frequencies that are often greater than monthly and owing to interim and lifetime securities maximum coupon reset rates that may preclude a security from achieving its fully indexed rate.
The guidance specifies that an institution's analysis of a borrower's repayment capacity should include an evaluation of the borrower's ability to repay the debt by its final maturity at the fully indexed rate, assuming a fully amortizing repayment schedule.