§ 1024.39 Early intervention requirements for certain borrowers.
(ii) With respect to a mortgage loan for which the borrower has discharged personal liability pursuant
- 1024 (Regulation X)
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(ii) With respect to a mortgage loan for which the borrower has discharged personal liability pursuant
(i) The term “adjustable-rate mortgage” means a transaction secured by real property or a dwelling for
creditor shall not pay a contractor under a home improvement contract from the proceeds of a high-cost mortgage
(A) An adjustable-rate mortgage, as defined in § 1026.18(s)(7)(i), with an introductory fixed interest
(B) The qualified mortgage is sold, assigned, or otherwise transferred to a creditor that satisfies the
who performs purely administrative or clerical tasks on behalf of an individual who is described as a mortgage
prospective borrower for the purpose of reaching a mutual understanding about prospective residential mortgage
percent, which is the interest rate in effect at the time of consummation of this fixed-rate non-standard mortgage
illustrates the introductory rate disclosure required by § 1026.18(s)(2)(iii) for an adjustable-rate mortgage
portion of earnings not attributed to commissions would be sufficient to qualify the consumer for the mortgage
A creditor may make a mortgage loan that will be transferred or sold to a purchaser pursuant to an agreement
charges to the consumer, including the costs of any annuity the consumer purchases as part of the reverse mortgage
(i) A schedule of all transactions credited or debited to the mortgage loan account, including any escrow
(A) Mortgage loans voluntarily serviced by the servicer for a non-affiliate of the servicer and for which
(ii) The balloon-payment qualified mortgage is sold, assigned, or otherwise transferred to a creditor
(h) Establish a means by which residential mortgage loan originators would, to the greatest extent possible
The items disclosed under § 1026.37(f) include services that the creditor or mortgage broker require
For purposes of § 1026.41(f), a consumer who has reaffirmed personal liability for a mortgage loan
A mortgage that only requires the payment of accrued interest each month does not meet the requirements
rate and payment summary table required under § 1026.18(s) for an adjustable-rate or a step-rate mortgage
applies, and the debt must be included in the underwriting analysis, if an individual applying for a mortgage
For a federally related mortgage loan that is a home-equity line of credit subject to Regulation Z, 12
all information and documents in the possession or control of the servicer relating to a transferred mortgage
information did expressly request the name or number of the trust or pool and the Federal National Mortgage
If a consumer uses a mortgage broker, the mortgage broker shall provide the special information booklet