Comment for 1026.35 - Requirements for Higher-Priced Mortgage Loans
the loan in its portfolio or guaranteeing payments of principal and any interest to investors in a mortgage-backed
- 1026 (Regulation Z)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
the loan in its portfolio or guaranteeing payments of principal and any interest to investors in a mortgage-backed
A nonbank servicer services 4,000 mortgage loans, all of which it originated or owns.
requirements of this section apply to any “covered person” that becomes the legal owner of an existing mortgage
a servicer ceases to qualify for an exemption pursuant to § 1026.41(e)(5)(i) with respect to a mortgage
comprehensive amount of coverage, the portion of the premium allocated to the required minimum coverage is a mortgage-related
payment obligation for a simultaneous loan as set forth in § 1026.43(c)(5), taking into account any mortgage-related
Step-rate mortgage.
Section 1026.43(b)(8) defines mortgage-related obligations to include obligations owed to a condominium
advance: $301.80 Initial draw: $1,000 Line of credit: $4,000 Initial Loan Charges Closing costs: $5,000 Mortgage
5)(ii) of this section, a servicer is exempt from the requirements of this section with regard to a mortgage
or after the date on which the creditor receives the consumer's written application for the standard mortgage
The following fees in a transaction secured by real property or in a residential mortgage transaction
escrow account will be established, an estimate of the amount of taxes and insurance, including any mortgage
creditor must determine the consumer's repayment ability in connection with an open-end, high cost mortgage
For an open-end, high cost mortgage, a creditor is presumed to have complied with this paragraph (a)(
immediately preceding the creditor's receipt of the consumer's written application for the standard mortgage
[H-24(F) Mortgage Loan Transaction Loan Estimate - Negative Amortization Sample Description: This is
Section 1026.43(b)(8) includes in the evaluation of mortgage-related obligations premiums and similar
Section 1026.43(g)(4)(ii) requires that the creditor provide, by agreement, for the mortgage broker to
A nonrecourse reverse mortgage transaction limits the homeowner's liability to the proceeds of the sale
The creditor complies with § 1026.43(c)(2)(v) by relying on an estimate of mortgage-related obligations
in a manner beneficial to the consumer so that the loan or credit plan will no longer be a high-cost mortgage
in a manner beneficial to the consumer so that the loan or credit plan will no longer be a high-cost mortgage
on the property that will be paid off as part of the real estate closing, labeled “Payoff of First Mortgage
on the property that will be paid off as part of the real estate closing, labeled “Payoff of Second Mortgage