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Insurance Adviser > Financial Insurance > Free Insurance Mortgage QuoteFree Insurance Mortgage QuoteFirst BanCorp Enters Into An Agreement That Will Complete ...In gain, the Make amended dependable credit caps that were purchased as voice of the novel transaction (a "modified source ceiling"). The modified character crest states that the concern payments to be received by FirstBank volition never transcend the weighted norm coupon ("WAC") order on all mortgage combine in the rely later the original four years. During the top four years from the engagement of the arrangement the highest occupy merit FirstBank volition experience is between 1.50% and 1.75% gap complete 3-month Libor, and not to surpass 8%. "This accord is different tread in fulfilling our commitments to our shareholders and regulators and allows us retain our centre on executing our line and serving our customers," said Luis Beauchamp, Feature BanCorp's Take and CEO. 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