federal_register: 05-6061

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
05-6061 Eligibility of Adjustable Rate Mortgages Rule This rule makes available a new adjustable rate mortgage (ARM) product. In accordance with statutory authority, this rule enables the Secretary to insure five-year hybrid ARMs with interest rates adjustable up to two percentage points annually (this type of mortgage is known as a 5/1 ARM). The lifetime cap on annual interest rate adjustments for five-year ARMs is set at six percentage points. 2005-03-29 2005 3 https://www.federalregister.gov/documents/2005/03/29/05-6061/eligibility-of-adjustable-rate-mortgages https://www.govinfo.gov/content/pkg/FR-2005-03-29/pdf/05-6061.pdf Housing and Urban Development Department 228 This rule makes available a new adjustable rate mortgage (ARM) product. In accordance with statutory authority, this rule enables the Secretary to insure five-year hybrid ARMs with interest rates adjustable up to two percentage points annually (this...  

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