§ 1003.2 Definitions.
supplemented by a Federal agency, or was intended by the institution for sale to the Federal National Mortgage
- 1003 (Regulation C)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
supplemented by a Federal agency, or was intended by the institution for sale to the Federal National Mortgage
Assume that a $3,000 private mortgage insurance premium charged on a closed-end mortgage loan is payable
is a debtor in a case under chapter 12 or if a consumer's bankruptcy plan modifies the terms of the mortgage
A statement that a consumer has received counseling on the advisability of the high-cost mortgage means
A creditor may make a mortgage loan that will be transferred or sold to a purchaser pursuant to an agreement
Except as otherwise provided in paragraphs (a), (b), or (h) of this section, either the lender or the mortgage
Act's Federal registration requirement for mortgage loan originators. The S.A.F.E.
statements provided in appendix H-30 of this part to remove language that could suggest liability under the mortgage
4), where the creditor offers covered transactions with a prepayment penalty to consumers through a mortgage
(i) Was also the lender to whom the prior mortgage loan was initially payable;
An error relating to a subsequent sale or securitization of a mortgage loan;
(1) To pay off the outstanding principal balance on the non-standard mortgage; and
(A) Is a fixed-rate mortgage, as defined in § 1026.18(s)(7)(iii); or
(ii) Offers or negotiates terms of a residential mortgage loan for compensation or gain.
(3) 2 hours of training on lending standards for the nontraditional mortgage product marketplace.
H-4(G) Mortgage with Negative Amortization Interest Rate and Payment Summary Model Clause
(36) Whether the covered loan is, or the application is for, a reverse mortgage.
(A) An explanation that under the terms of the consumer's adjustable-rate mortgage, the specific time
agent of such parties may not charge a consumer any fee to modify, renew, extend or amend a high-cost mortgage
ensure that any third party with which the covered financial institution has arrangements related to mortgage
If a transaction meets the definition of a residential mortgage transaction and the creditor chooses
, a creditor must have considered, first, whether the consumer is likely to default on the existing mortgage
The amount disclosed under § 1026.37(l)(1)(i) is the sum of principal, interest, mortgage insurance
For example, assume Creditor A originates a qualified mortgage under § 1026.43(e)(5).
Mortgaged property means the real property that is security for the federally related mortgage loan.