#1771596 - 01/02/1305:54 PMRenewal of Primary Residence
mdog76
Platinum Poster
Joined: Jan 2007
Posts: 645
We are in the process of renewing a primary residence loan. Am I correct in that if there in no new money and no change in terms that RESPA and HPML is not needed? We would run them again if terms change, correct?
#1771600 - 01/02/1306:05 PMRe: Renewal of Primary Residence mdog76
raitchjay
Power Poster
Joined: Oct 2009
Posts: 9,108
OK
It depends on whether your "renewal" is being accomplished through a refinancing or through a deferral/extension. If a simple deferral or extension, then RESPA and HPML don't apply.
#1771629 - 01/02/1307:11 PMRe: Renewal of Primary Residence raitchjay
swiggles
Power Poster
Joined: Aug 2001
Posts: 7,351
Originally Posted By: raitchjay
It depends on whether your "renewal" is being accomplished through a refinancing or through a deferral/extension. If a simple deferral or extension, then RESPA and HPML don't apply.
for now.
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