FORUM PROFILE

High Cost Mortgage Loan

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  • June 14, 2013 at 12:54 pm EDT #3477
    Anonymous
    Inactive

    Is this the same as HOEPA? Has it been called a High Cost Mortgage Loan before? The new thresholds for points and fees and APR Jack discussed in the session this week replace the old HOEPA thresholds, correct?

    June 17, 2013 at 11:36 am EDT #3484
    rcooper
    Member

    Yes, high cost mortgages are HOEPA loans. And you are correct, Jack discussed the new thresholds in the most recent session.

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