Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Dodd-Frank Final Rules Discussions Escrows on Higher-Priced Mortgages Interest Only-1 Yr. Escrow Required?
Thread Options
#1936763 - 06/30/14 08:14 PM Interest Only-1 Yr. Escrow Required?
La. Lady Offline
Diamond Poster
La. Lady
Joined: May 2001
Posts: 1,873
We have an interest only,1 year maturity, with no forward commitment letter, HPML loan being originated. Is escrow required?
Last edited by La. Lady; 06/30/14 08:14 PM.
_________________________
Riding the waves of change.....2014

Return to Top
Escrows on Higher-Priced Mortgages
#1956323 - 08/22/14 08:29 PM Re: Interest Only-1 Yr. Escrow Required? La. Lady
Jerod Moyer Offline
Platinum Poster
Jerod Moyer
Joined: Oct 2005
Posts: 667
Sioux Falls, SD
What exactly do you mean by no forward commitment letter? What's supposed to happen when the loan balance comes due at the end of 12 months?
_________________________
Jerod Moyer
www.bankerscompliance.com

Return to Top