Exam (elaborations)
Loan Origination Exam 1 | 125 Questions | 100% Correct Answers
- Course
- Institution
Higher-Priced Mortgage Loans (HPML) are defined as closed-end residential mortgage loans secured by the consumer's principal dwelling with an APR that exceed the average prime offer rate (APOR) for comparable transactions by: - 2.5 percentage points for a first lien jumbo residential mortgage lo...
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