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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.

First published on BankersOnline.com 5/23/11









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