12 MTA

12 MTA

An interest rate index that is used on some ARMs. See Adjustable Rate Mortgage/ARM Rate Indexes.
References in periodicals archive ?
6% over 12 MTA with a 10-year term, 30-year amortization;
EL MONTE - Regular play of the Super Lotto has paid off for a group of 12 MTA mechanics.
The Civil Service Commission recommended Monday that 12 MTA officers be allowed to become LAPD officers despite having been disqualified by the city for alleged past misconduct including drug use and domestic violence.