- The final three illustrations generally mirror the illustrations proposed on October 4, 2006, but some modifications have been made to address issues raised by commenters.
- The illustrations include a narrative explanation of nontraditional mortgage products, a chart comparing interest-only adjustable rate mortgages (ARMs) and payment option ARMs to traditional fixed-rate mortgages, and a table that shows the impact of various payment options on the loan balance.
- Use of the illustrations is optional. Depending on factors such as the institution's product offerings, the consumer's needs, and market conditions, an institution can choose whether to use the illustrations in whole or in part.
- The FDIC and the other agencies will make the illustrations accessible on their web sites for downloading and printing. In addition, the agencies will post a rewritable template for the comparison chart, so that institutions may adjust the information to reflect current market conditions.
FDIC-Supervised Banks (Commercial and Savings)
Chief Compliance Officer
Illustrations - Federal Register Release - PDF 394k (PDF
Illustration 2 Template - Word 36k (Word
Mira Marshall, Acting Chief, CRA/Fair Lending Section, at
firstname.lastname@example.org or (202) 898-3912;
Pawelski, Policy Analyst, at email@example.com or (202)
FIL-51-2007 - PDF (PDF Help)
FDIC financial institution letters (FILs) may be accessed
from the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution letters may be
obtained through the FDIC's Public Information Center,
3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-
275-3342 or 703-562-2200).