Rate for ARM notice only available online

Posted By: SaaL

Rate for ARM notice only available online - 10/31/13 02:59 PM

We use a couple of FHLB balloon rates for some of our ARM's. To our knowledge the rates are not "published" in written form (like in the WSJ) anywhere. Rates are only available online. So for the ARM notice we're planning to state FHLB Website (www.fhlb.com) as the source of information. Can't find anyplace in the reg that states this is not acceptable but just a little uncomfortable with it.

Would appreciate a second opinion.
Posted By: Cowboys Fan

Re: Rate for ARM notice only available online - 12/13/13 02:47 PM

Bump: I was thinking of doing something similar for the T-Bill rates. Any thoughts?
Posted By: GTS333

Re: Rate for ARM notice only available online - 12/13/13 03:02 PM

I think the requirement is just to disclose a source of information about the index or formula, so if that's the source, it would appear to be correct to me.
Posted By: Rangers Fan

Re: Rate for ARM notice only available online - 01/07/14 08:35 PM

What about FHLB rates for a region that doesn't post them even online in a public manner? Dallas FHLB does post them in the site referenced above but Topeka FHLB does not but only makes the rates available to its member banks after they have logged on....