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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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FHFA announces replacement for its ARM index

The Federal Housing Finance Agency has published [84 FR 32738] a notice in today's Federal Register designating a replacement for its recently discontinued monthly index for adjustable rate mortgages.

The new index, to be called “PMMS+,” will be an adjusted version of Freddie Mac's Primary Mortgage Market Survey 30-Yr FRM [fixed-rate mortgage], and will take effect immediately. FHFA intends to publish the PMMS+ Index value monthly and on approximately the same schedule as it has been publishing the existing index. FHFA is soliciting public comments on its designation of the replacement index and will consider any comments received through September 9, 2019, before finalizing its decision about the successor index.

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