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#216663 - 07/28/04 02:47 PM HMDA Rate Spread Calc.
Anonymous
Unregistered

We do 60 month balloon notes for residential real estate (59pmts plus 1 balloon due at maturity) it is amortized over 15 years, when calculating the rate spread using the FFIEC website, do I use five years or fifteen years as the term?

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Lending Compliance
#216664 - 07/28/04 03:12 PM Re: HMDA Rate Spread Calc.
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,540
Bloomington, IN
Five.
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The opinions expressed are mine and they are not to be taken as legal advice.

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