A provision often included in adjustable rate mortgages (ARMs) that limits how much the interest rate can increase over a predetermined period of time. Some ARMs have a lifetime cap as well as a cap for certain periods of adjustment.

Kiavi Closes $400 Million Rated Securitization of Residential Transition Loans, Locking in up to $1.3 Billion of Funding Capacity
Tech-enabled lender’s fifth rated securitization was 5X oversubscribed due to significant demand...
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