- This topic has 1 reply, 2 voices, and was last updated 12 years, 4 months ago by .
-
Topic
-
Has anyone heard of any issues with HPMLs regarding the longer, 5 year, escrow requirement, when the loan’s maturity is less than 5 years? i.e. a 3 year balloon? Does that fall under the “Termination of underlying debt obligation” 35(b)(3)1 for repayment, meaning it would be a permissible cancellation reason under 1026.35(b)(3)(i) to only require 3 years of escrow because the loan would payout after 3?
Viewing 1 replies (of 1 total)
Viewing 1 replies (of 1 total)
- You must be logged in to reply to this topic.