Comment for 1026.43 - Minimum Standards for Transactions Secured by a Dwelling
Under § 1026.43(e)(5)(ii)(A), if a qualified mortgage under § 1026.43(e)(5) is sold, assigned
- 1026 (Regulation Z)
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Under § 1026.43(e)(5)(ii)(A), if a qualified mortgage under § 1026.43(e)(5) is sold, assigned
(i) A mortgage broker fee that should have been included in the finance charge was not included; or
For purposes of this subpart, reverse mortgage transaction means a nonrecourse consumer credit obligation
(i) A loan that satisfies the criteria of a qualified mortgage as defined pursuant to 15 U.S.C. 1639c
(2) A mortgage loan ceases to be subject to the requirements of paragraph (f) of this section; or
(i) A servicer is exempt from the requirements of this section for a mortgage loan if the servicer:
Notwithstanding paragraph (e)(2) of this section, a qualified mortgage is a covered transaction that
34(b) Prohibited acts or practices for dwelling-secured loans; structuring loans to evade high-cost mortgage
Aj = The amount of each periodic or lump-sum advance to the consumer under the reverse mortgage transaction
intention pursuant to 11 U.S.C. 521(a) identifying an intent to surrender the dwelling securing the mortgage
(1) To be purchased or guaranteed by the Federal National Mortgage Association or the Federal
[H-25(G) Mortgage Loan Transaction Closing Disclosure - Refinance Transaction With Cash From Consumer
advertisement for credit secured by a dwelling, when any series of payments varies because of the inclusion of mortgage
as of January 1 of the current year qualifies as a small servicer) begins servicing more than 5,000 mortgage
Renewable balloon-payment mortgage; loan term.
Reverse mortgage transactions, as defined by § 1026.33(a), are exempt from the requirements of
(iv) For which the creditor underwrites the loan, taking into account the monthly payment for mortgage-related
A qualified mortgage under this paragraph (e)(4) must be one of the following at consummation:
Notwithstanding paragraph (e)(2) of this section, a qualified mortgage may provide for a balloon payment
Cannot be used to offset the mortgage payment directly, even if the employer pays the servicing creditor
than the third business day after the creditor receives the consumer's application for a higher-priced mortgage
Under § 1026.43(e)(2)(i), a qualified mortgage must provide for regular periodic payments that may
A qualified mortgage under § 1026.43(e)(5) retains its qualified mortgage status if it is sold,
A balloon-payment qualified mortgage under § 1026.43(f)(1) retains its qualified mortgage status
A creditor or mortgage broker, as defined in section 1026.36(a)(2), may not recommend or encourage default