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Home » Store » News » Lenders to Get New Forms Soon for Disclosing HMDA Loan Pricing Info

Lenders to Get New Forms Soon for Disclosing HMDA Loan Pricing Info

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Federal thrift and banking regulators will soon issue new forms to help mortgage lenders in disclosing subprime pricing data in compliance with new Home Mortgage Disclosure Act regulations. Lenders have begun collecting pricing data on “triggered” loans where the interest rates exceed yields on comparable Treasury securities by 300 basis points. For second mortgages, the trigger is 500 basis points.
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