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?

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