I feel like you could call this one temporary since another loan will replace it.
Last edited by RR Joker; 08/05/14 02:19 PM.
Having said that...My flow chart does not allow me to qualify a loan as temp (For RESPA and Z) if we know we will be doing the takeout...this is a carryover from the FRB ATL's strict interpretation of the reg tho, I'm pretty sure.
My opinion only. Not legal advice.
Say you'll haunt me - Stone Sour