Exam (elaborations)
Loan Origination Exam 1 questions 2023 with 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 loan. ...
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