Investment Property and High Price Mortgage
Answers by Dan Persfull, BOL Gurus Guru Bios
Question: Does an investment property fall under the guidelines for determining a high price mortgage? This is not a commercial loan.
Answer: When you say this is not a commercial loan then I will assume it is a consumer purpose loan and the HPML requirements of 226.35 only apply if the loan is secured by the consumer's primary dwelling.
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