Answer:
No, if you are not refinancing the loan, it is not subject to the HPML requirements. Refer to Section 226.20(a).
First published on BankersOnline.com 1/11/10
Higher Priced Mortgages - Balloon Modification
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Question:
When we are doing a modification to a five year balloon, do we have to take into consideration the repayment ability for Higher Priced Mortgages?
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