New HCML Rule and Financing Points and Fees

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July 15, 2013 at 6:59 pm EDT #3630

kschliebe
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Under the Reg. Z amendments for High Cost Mortgages, financing of points and fees is prohibited. Does this mean the bank’s origination fee may not be financed in these types of loans?

July 17, 2013 at 9:34 am EDT #3632

rcooper
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You are correct. This is effective January 10, 2014.
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