Comment for 1026.37 - Content of Disclosures for Certain Mortgage Transactions (Loan Estimate)
For example, assume that, under a 15-year step rate mortgage, the loan contract provides for scheduled
- 1026 (Regulation Z)
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For example, assume that, under a 15-year step rate mortgage, the loan contract provides for scheduled
If the reverse mortgage has neither a specified period for advances or disbursements nor a specified
If the balance of a mortgage loan has been accelerated but the servicer will accept a lesser amount to
accordance with § 1026.19(e)(1)(vi)(A) and that are provided by persons other than the creditor or mortgage
consumer's income, debt obligations, alimony, child support, and the consumer's monthly payment (including mortgage-related
to obtain a credit report, the property address, an estimate of the value of the property, and the mortgage
Real estate or residential mortgage transaction charges excluded under § 1026.4(c)(7) are those
because recording fees are paid to the applicable government entity where the documents related to the mortgage
number to obtain a credit report, the property address, an estimate of the value of the property, or the mortgage
Thus, the plan is not a high-cost mortgage under § 1026.32(a)(1)(iii).
payments resulting from any interest rate changes after consummation in an adjustable-rate or step-rate mortgage
., does not perform mortgage broker or consumer credit referral activities or extend consumer credit)
connection with its decision to make the loan; that would be provided by persons other than the creditor or mortgage
#160;1026.38(i), (j), (l) through (p), or (r), with respect to closing costs paid by the creditor and mortgage
For example, assume that a house with a first mortgage of $50,000 is appraised at $100,000 and the credit
Adjustable-rate mortgage with discount for five years.
level of the company but that is determined in part with reference to the profits of the company's mortgage
1026.32(a)(3)(iii) thus applies where multiple fixed rates apply to a transaction, such as in a step-rate mortgage
Under § 1026.32(b)(1)(i)(C)(2), private mortgage insurance premiums payable at or before consummation
1026.34(a)(8)(iii) prohibits the pyramiding of late fees or charges in connection with a high-cost mortgage
Before extending a higher-priced mortgage loan subject to the appraisal requirements of § 1026.35
appendix H to this part for the required format of such phrases, which is required for federally related mortgage
1026.37(k)(1) and (2) requires the disclosure of a license number or unique identifier for the creditor, mortgage
If the reverse mortgage has a specified period for advances and disbursements but repayment is due only
Fixed-rate mortgage with interest-only payments for five years.