Other Mortgage Considerations

Q:	Where do I get information on who regulates lenders?
A:	The following regulatory bodies oversee lenders: * Comptroller of the Currency, Compliance Division, Washington, D.C., (800) 613-6743. * Office of Thrift Supervision, Consumer Affairs, Washington, D.C., (202) 906-6237. * Federal Deposit Insurance Corp., Consumer Affairs, Washington, D.C., (800) 934-3342. Your state departments of real estate or commerce also may regulate the lenders in your area.
Q:	Where do I get information on finding the best loan?
A:	For information on how to find the best home loan, check out this booklet: * "How to Shop for a Mortgage," by the Mortgage Bankers Association of America, 1125 15th St., N.W., Washington, DC 20005; call (202) 861-6500.
Q:	Where do I get information on lock-ins?
A:	For information on lock-in mortgage rates, check out this brochure: * "Consumer?s Guide to Mortgage Lock-Ins" from the Federal Reserve Bank of San Francisco, Public Information Department, P.O. Box 7702, San Francisco, CA 94120; or call (415) 974-2163 to order.
Q:	Where do I get information on mortgages?
A:	For information on mortgages, check out the following sources for information: * American Bankers Association; (202) 663-5000. * Mortgage Bankers Association of America, 1125 15th St., N.W., Washington, DC 20005; (202) 861-6500.
Q:	Where do I get information on correcting loan payments?
A:	The following auditing services can do a thorough review of residential mortgages for lender calculation errors: * Mortgage Monitor; 1372 Summer Street, Samford, 06905; (800) AUDIT-USA. * Loantech, (301) 762-7700.   But keep in mind that these services come with a fee, and your lender should be able to work with you to make your own accurate calculation.
Q:	Where can I get a list of mortgage brokers?
A:	For information on mortgage brokers, contact the National Association of Mortgage Brokers at (703) 610-9009
Q:	Where do I get information on refinancing?
A:	For information on refinancing, the following booklet may be helpful: * "A Consumer's Guide to Mortgage Refinancings;" Federal Reserve Bank of San Francisco, Public Information Department, P.O. Box 7702, San Francisco, CA 94120; call (415) 974-2163 to order.
Q:	How do I monitor my ARM loan?
A:	Consumer Loan Advocates publishes a book with form letters and worksheets to help people who want to check mortgage payments or adjustments on their own. It costs $19.95 plus $4 shipping and handling. For a copy, write or call Consumer Loan Advocates, 655 Rockland Road, Lake Bluff, IL 60044; (847) 615-0024.