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?
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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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