Tag: HPML

HPML and Investment Property

Question: I am running into a big issue with HPML on investment property loans where the best terms we have are a rate with substantial points. Our compliance person is saying we cannot do this loan because it becomes an HPML file, and our company would have to take a huge hit to make it […]

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CFPB – Agency Announces Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher Priced Mortgage Loans – Dated November 18, 2020

Written by: Lloyd Rutherford, Staff Writer The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal Truth-in-Lending Act or TILA). This article will address the changes that impact the mortgage industry related to the appraisal requirements for HPML as it relates to smaller loans. Rule […]

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CFPB Announces Threshold Amounts for Smaller Loan Exemption for HPML Appraisal Requirements – Dated October 30, 2019

Written by: Lloyd Rutherford, Staff Writer Rule Synopsis: The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal Truth-in-Lending Act or TILA). This article will address the changes that impact the mortgage industry related to the appraisal requirements for HPML as it relates to smaller […]

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