Adjustable Rate Mortgages

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Across
  1. 4. Period when there is no change in interest rate (2 words)
  2. 5. ARM may effect the ________ part of P&I
  3. 6. Int. rate max increase for term of loan
  4. 7. Typical number of days for lead time
  5. 8. Where notices are produced
  6. 14. Time between interest changes (2 words)
  7. 16. ARM agreement is detailed in this document
  8. 17. Benchmarks for gauging interest rates
  9. 18. Screen for Adj Rate Mrtg details (2 words)
Down
  1. 1. The fixed part of ARM IR
  2. 2. Requires 60 days advance notice letter
  3. 3. Letters are sent to advise of a new ____ (2 words)
  4. 5. Letters are also sent to advise of new ____ (2 words)
  5. 6. Ratio comparing amount borrowed to property worth
  6. 9. The date alert letters are sent (2 words)
  7. 10. Freq. used index source
  8. 11. MSP Screen used to generate ARM letters for GNMA ARMS
  9. 12. Duration of ARM
  10. 13. Ratio comparing monthly payments to earnings
  11. 15. System to view change letters