- This topic has 1 reply, 2 voices, and was last updated 11 years, 8 months ago by .
-
Topic
-
Sr. Mgt. is considering changing our “higher rate” loan product from a balloon product to an ARM product with a 10 year callable feature to offset interest rate risk. I know that demand/callable features are not available on HCM’s; however, this product wouldn’t hit the thresholds to make it a HCM. Would this callable feature be acceptable? If so, would it raise UDAAP flags as this product is typically offered to those customers that have a detrimental financial history – lower credit scores, etc.
Viewing 1 replies (of 1 total)
Viewing 1 replies (of 1 total)
- You must be logged in to reply to this topic.