Topic: Adjustable Rate Mortgage (ARM)
-
Because the OTS has stopped publishing its cost of funds (COF) indices, what should we use as a substitute index?
—
by
The Federal Cost of Funds Index, or the FHLB’s 7th District Quarterly Index, may be the best replacements for the regional index you were using. When the OTS stopped publishing its cost of funds indices (due to its elimination under the Dodd-Frank Act), it issued a notice explaining that it would no longer be publishing…