1. Terms and Conditions

Change Date

May 10, 2009

4155.1 6.B.1.a Locating Terms and Definitions Related to ARMs

See HUD 4155.1 9 for definitions of the following ARM-related terms:

•	adjusted interest rate

•	calculated interest rate

•	change date

•	current index

•	existing interest rate

•	initial interest rate

•	index, and

•

margin.