Answer:
The HPML requirements do not apply to HELOCs. There are no other regulations that require you to escrow (at this time).
First published on BankersOnline.com 10/24/11
Escrow Required for HELOCs?
Answered by:
Question:
Is escrow required for HELOCs? The borrower does not currently have a first mortgage on their property.
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