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Publisher: The Federal Reserve Board Consumer Handbook on Adjustable Rate Mortgages (ARM) 
 This fact sheet explains adjustable rate mortgages (ARMs), loans for which "the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly." Includes questions to consider, consumer cautions, ideas for reducing risk associated with ARMs, a glossary, and a mortgage checklist for comparing different types of mortgages. Opens directly into a PDF file. From the Federal Reserve Board. http://files.ots.treas.gov//48981.pdf Topics: Finance, Housing Last updated Nov 25, 2008 Federal Reserve Board: About the Fed
Background information about the Federal Reserve System, which "serves as the nation's central bank. ... The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States." Covers the Federal Reserve Act of 1913 (which established the system), the structure of the system, purposes and function, board of governors, banks and bank presidents, and more. From the Federal Reserve Board. http://www.federalreserve.gov/aboutthefed/default.htm Topics: Federal (U.S.) Government, Finance, Money Last updated Dec 15, 2008 Protecting Yourself From Overdraft and Bounced-Check Fees
This fact sheet discusses ways to avoid fees resulting from overdrawing your bank account. Topics include situations where an account may be overdrawn (checks, withdrawals, debit card purchase, and automatic bill payment), managing your bank account, courtesy overdraft protection (or bounce coverage) plans, and other ways to cover overdrafts. In English and Spanish. From the Federal Reserve Board. http://www.federalreserve.gov/pubs/bounce/ Topics: Consumer Research & Advocacy, Finance Last updated Jun 6, 2006 The Subprime Mortgage Market
May 2007 remarks by Federal Reserve Bank Chairman Ben S. Bernanke on " Why have delinquencies and initiations of foreclosure proceedings risen so sharply? How have subprime mortgage markets adjusted? How have Federal Reserve and other policymakers responded, and what additional actions might be considered? [And] how might the problems in the market for subprime mortgages affect housing markets and the economy more broadly?" From the Federal Reserve Board. http://www.federalreserve.gov/Boarddocs/speeches/2007/20070517/default.htm Topics: Housing, Investing Last updated Aug 13, 2007 Foreclosure Resources for Consumers
"If you are having difficulty making your mortgage payment, one of the most important things you can do is seek assistance. ... [These] resources provide information and links to agencies and organizations that may be able to help you." Includes links to government resources from the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Federal Trade Commission (FTC), Internal Revenue Service (IRS), and others. From the Federal Reserve Board (FRB). http://www.federalreserve.gov/pubs/foreclosure/ Topics: Housing, Investing Last updated Jan 2, 2008 Alternatives for Distressed Banks and the Panics of the Great Depression
This December 2007 research paper "investigates whether the [banking] panics [during the Great Depression] resulted in the failure and liquidation of banks that might otherwise have been able to pursue a less disruptive resolution strategies such as merging with another institution or suspending operations and recapitalizing." Discusses financial situations of banks that failed and banks that survived, and different types of resolution strategies. From the Federal Reserve Board. http://www.federalreserve.gov/pubs/feds/2008/200807/200807abs.html Topics: Finance, United States History Last updated Oct 28, 2008 |
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