Answer:
Rate spread for preapprovals is reported only when Regulation Z disclosures are triggered.
-------------------------
Learn more about Kathleen Blanchard’s, Key HMDA Concepts and Research Tips webinar.
Preapprovals and Rate Spread
Answered by:
Question:
For a true preapproval with a final action of "Preapproval Approved Not Accepted" is a rate spread reported, or is NA reported? These loans do not have a property address and would not have received a Loan Estimate.
print
share