Title: Government study concludes 50%-60% of all adjustable rate mortgages contain errors.: An article from: The National Public Accountant
Author: Ian L. Renert
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This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on December 1, 1995. The length of the article is 1133 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A Federal Savings and Loan Insurance Corp. employee has found that banking errors in interest rate computations in 50% of adjustable rate mortgages (ARM) are resulting in overpayments of more than $8 billion by homeowners. The errors, which lead to high overcharges, are generally due to banks' failure to conduct proper initial disclosures on ARMs and their failure to correct payments on outstanding ARMs.

Citation Details
Title: Government study concludes 50%-60% of all adjustable rate mortgages contain errors.
Author: Ian L. Renert
Publication: The National Public Accountant (Magazine/Journal)
Date: December 1, 1995
Publisher: National Society of Public Accountants
Volume: v40 Issue: n12 Page: p29(2)

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