It also provides numerical examples that illustrate how consumers' payments can change and how their loan balances may increase over the term of the loan. BIS Review 7/2007  3  The Federal Reserve also published a consumer education brochure titled: Interest-Only Mortgage Payments and Option-Payment ARMs --Are They for You?
The brochure is designed to assist consumers who are shopping for a mortgage loan and is available in printed form and in electronic form on the Federal Reserve’s website, along with other consumer mortgage information Finally, the Federal Reserve engages in numerous outreach activities and conducts research to help us better understand the financial services market and consumer behavior and the best approaches for assisting consumers.