Federal Reserve Board Brochures

The Federal Reserve Board, the Fed for short, has a fantastic array of online brochures that you should know about.

The brochures explain in common language the rights and procedures of those who are in the market for home loans as well as other consumer items like credit cards.

Some of the brochures available are:
1.) Choosing a Credit Card
2.) Consumer Guide to Check 21 and Substitute Checks
3.) A Consumer’s Guide to Mortgage Lock-Ins
4.) A Consumer’s Guide to Mortgage Settlement Costs
5.) Consumer Handbook on Adjustable Rate Mortgages
6.) Consumer Handbook to Credit Protection Laws
7.) A Guide to Business Credit for Women, Minorities, and Small Businesses
8.) Home Mortgages:
Understanding the Process and Your Right to Fair Lending
9.) How to File a Consumer Complaint about a Bank
10.) Interest-Only Mortgage Payments and Payment-Option ARMs–Are They for You?
11.) Looking for the Best Mortgage:
Shop, Compare, Negotiate
12.) Protecting Yourself from Overdraft and Bounced-Check Fees
13.) Putting Your Home Loan on the Line Is Risky Business
14.) What You Should Know about Home Equity Lines of Credit
15.) What You Should Know about Your Checks

There are more but I believe that you get the idea. I was quite impressed with these brochures. They are written in a friendly chatty style and are a big step up from the type of dry , almost unreadable brochures associated with the Federal Reserves in the not too distance past.

Take a look. There is a lot of useful information on the Federal Reserve website. The Fed is providing a valuable free resource to those with an interest in the home loan and credit markets.

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