§ 1007.104 Policies and procedures.
that any third party with which the covered financial institution has arrangements related to mortgage loan
- 1007 (Regulation G)
Search for terms in the sections, interpretations, and appendices in the Bureau regulations we currently have online.
that any third party with which the covered financial institution has arrangements related to mortgage loan
Section 1026.36(f) sets forth qualification requirements that a loan originator must meet.
For a loan with a negative amortization feature, the regular periodic payment does not take into account
The application was submitted directly to the financial institution if the mortgage loan originator identified
(b) Covered loan.
Where a loan is documented as open-end credit but the features and terms or other circumstances demonstrate
under § 1026.35(c)(2)(ii) merely because it is used to satisfy and replace an existing exempt loan
Section 1026.36(f)(3)(ii) requires the loan originator organization to review the information that it
The transaction will meet the definition of a qualified mortgage if the creditor underwrites the loan
The transaction will meet the definition of a qualified mortgage if the creditor underwrites the loan
Mortgaged property means the real property that is security for the federally related mortgage loan.
(ii) A copy of the security instrument that establishes the lien securing the mortgage loan;
Any Web site the servicer maintains in connection with the servicing of the loan.
Any Web site the servicer maintains in connection with the servicing of the loan.
(i) The fact that the interest rate, payment, or term of the loan can change.
(3) Examples of verifying the medical purpose of the loan or the use of proceeds.
(ii) Credit risk means the financial risk that a consumer will default on a loan.
The statement, “Save this Loan Estimate to compare with your Closing Disclosure.”
Under the master heading, “Additional Information About This Loan,” the following information:
(ii) Under the subheading “Final,” the loan amount disclosed under paragraph (b) of this section;
(1) A mortgage loan becomes subject to the requirements of paragraph (f) of this section;
(iii) A construction phase of 12 months or less of a construction-to-permanent loan;
(A) A loan with a balloon payment, as defined in § 1026.18(s)(5)(i), using:
(E) For which the proceeds from the loan are used solely for the following purposes:
(B) An interest rate that does not increase over the term of the loan; and