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Mortgage Regs > Higher-Priced Mortgage Loans (Reg Z) > Flashcards

Higher-Priced Mortgage Loans (Reg Z) Flashcards

1
Q

Higher Priced Mortgage Loans only cover closed-end loans

A

TRUE

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2
Q

Non-conforming loan threshold (first-lien)

A

1.5 points above average prime

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3
Q

Conforming loan threshold (first-lien)

A

2.5 points above average prime

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4
Q

Subordinate lien threshold

A

3.5 points above average prime

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Mortgage Regs (12 decks)

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