12 MTA

12 MTA

An interest rate index that is used on some ARMs. See Adjustable Rate Mortgage/ARM Rate Indexes.
The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The loan featured a rate of 2.6% over 12 MTA with a 10-year term, 30-year amortization;