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#1164074 - 04/15/09 07:08 PM HOEPA?HMDA?HPML?
Anonymous
Unregistered

Starting in October, do we still report HOEPA loans, HPML spreads AND HMDA spreads on the LAR?

Thanx - a bit confused

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#1164317 - 04/16/09 12:32 PM Re: HOEPA?HMDA?HPML? Anonymous
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
You will report whether a loan is a HOEPA loan and you will report the HPML (or APR) spread on the LAR. The TIL (HPML) rate spread replaces the HMDA rate spread beginning 10/1/09. IOW, there will only be 1 rate spread on the LAR.
_________________________
David Dickinson
http://www.bankerscompliance.com

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#1164466 - 04/16/09 02:23 PM Re: HOEPA?HMDA?HPML? David Dickinson
Ninky Offline
Gold Star
Ninky
Joined: Nov 2002
Posts: 357
Thank you for your clarity. Greatly appreciated.

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