Discretionary ARM

0.01 sec.

Discretionary ARM

An ARM on which the lender has the right to change the interest rate at any time,for any reason,by any amount,sub- ject only to a requirement that the borrower be notified in advance.

The discretionary ARM is at the opposite pole from Indexed ARMs on which rate adjustments are completely rule-based.

Discretionary ARMs were long the standard mortgage in the U.K. and in other English-speaking countries that imported it from the U.K., such as India and South Africa. They never caught on in the U.S., where the indexed ARM prevails.

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Adjustable Rate Mortgage Indexed ARMs			discretionary ARM is priced as a spread to the average retail cost of funds--an implicit index that is not as volatile as short-term money-market rates. The fixed-rate model. (Cover Report: Secondary Market) by Lea, Michael J. / Mortgage Banking			Discount Period Discount Point discount points discount rate Discount securities discount security Discount Window Discount Yield Discounted Basis Discounted Bill discounted cash flow Discounted Cash Flows Discounted dividend model Discounted in/by Market Discounted payback Discounted Payback Period Rule discounting Discounting the News Discouraged Worker Discrepancy Discrete compounding Discrete Random Variable Discrete Variable Discretion Discretionary Account Discretionary ARM Discretionary Cash Flow discretionary income Discretionary Order Discretionary Proposition Discretionary reserves Discretionary Trust Discriminate analysis discrimination Diseconomies of Scale Disgorgement Dishonor Disinflation Disinflation Stock disintermediation Disinvestment Diskontsatz Disloyalty Fee Dismissal for Cause Dismissal of Petition Disoccupazione Disoccupazione ciclica Disoccupazione forzata Disoccupazione frizionale Disoccupazione tecnologica Disolucion del consorcio colocador			discretion is the better part of valor Discretion is the better part of valour Discretion of the Court Discretion of the Court Discretion of the Court discretional discretional discretional discretional discretional discretionally discretionally discretionally discretionally discretionally discretionarily discretionarily discretionary discretionary discretionary Discretionary Absence Discretionary access control Discretionary access control Discretionary Access Control List Discretionary Access Control Mechanism discretionary account discretionary account discretionary account Discretionary Accounts Discretionary Accounts Discretionary ARM Discretionary cash flow Discretionary Cash Flows Discretionary Conditional Release Discretionary Housing Payment discretionary hyphen discretionary income discretionary income Discretionary Managed Account Discretionary Net Worth Discretionary order Discretionary order Discretionary Orders Discretionary Orders Discretionary Participation Feature Discretionary Portfolio Management Discretionary power Discretionary Proposition Discretionary Propositions Discretionary reserves Discretionary Serious Youthful Offender Discretionary Training and Continuing Education Travel discretionary trust discretionary trust discretionary trust discretionary trusts discretionary trusts discretionary trusts Discretisation Discretisation Discretised

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