In case you did not see this, The Federal Reserve Board and the Office of Thrift Supervision revised the Consumer Handbook on Adjustable-Rate Mortgages (the CHARM booklet).
Enclosed is the link to the announcement.
http://www.federalreserve.gov/boarddocs/press/bcreg/2006/20061226/default.htm
You can continue using the old one until October 1, 2007, then you will have to use the new revised booklets. The revised booklets are available for FREE from The Federal Reserve. The address is on the announcement.
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1 comment:
Thank you for updating. I use it as the Consumer Handbook on Adjustable Rate Mortgages (CHARM booklet) explains the basic features of adjustable rate mortgages (ARMs), discusses various types of ARMs and provides resources to obtain more information. I prefer ARM and think Adjustable Rate Mortgages (ARMs) have become on of the most popular and effective tools for helping some prospective homebuyers achieve their dream of homeownership. Developed during a time of high interest rates that kept many people out of the housing market even unable to get bad credit mortgages, the ARM offers lower initial rates by sharing the future risk of higher rates between borrower and lender.
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