Answer:
No, the escrow requirements only apply to a HMPL loan when the application was taken on or after 4/1/10.
First published on BankersOnline.com 1/25/10
HPML - Create Escrow After 4/1/10 Deadline?
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Question:
If a HPML loan is made today, before the requirement to escrow takes effect, does it need to have an escrow created once the 4/1/10 deadline comes?
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