HOEPA Counseling Requirements
This presentation reviews the new CFPB HOEPA requirements for mortgage counseling. The rule went into effect on January 10, 2014 and apply to more than ...
Free MLO Exam Prep 2019 - What is HOEPA? What are the HOEPA Exemptions?
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© 2017 Fannie Mae. Trademarks of Fannie Mae. January 2017 2 of 2 Definitions (QC File Request) 1. Exempt Loan: HOEPA only applies to purchase or refinance loans ...
To calculate rate spreads for HMDA reportable loans, use a different calculator depending on the final action date: Use the new calculator if final action was taken on or after January 1, 2018.; Use the calculator below if final action was taken between January 1, 2010 and December 31, 2017.
ComE-IN Background Definitions. 1) Subprime Definition (based on borrower characteristics) In 2001, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (the Agencies) expanded previously issued examination guidance for supervising subprime lending activities.
The Consumer Financial Protection Bureau (CFPB) has increased threshold amounts for loans governed by various trigger limits under Qualified Mortgages (QM) and Ability-to-Repay (ATR) Rules.
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A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%, because of the higher risk and shorter duration of the loan.
TRAINING Our extensive curriculum ranges from courses on the Community Reinvestment Act (CRA), fair lending laws, Home Mortgage Disclosure Act (HMDA), Truth-in-Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Homeownership and Equity Protection Act (HOEPA), mortgage loans, challenges to unfair lending policies and effective coalition building.
Question and Answer Regarding Live Aboard Boats and RVs. Below is a question that was asked by a potential client of boatloans.com This is regarding live aboard boats and information about financing them.