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#1960660 - 09/10/14 01:28 PM LTV Question
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,110
South
In regards to High LTV loans is the value the lesser of Purchase Price or Appraised Value? - or is it up the institution to define "value"

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Lending Compliance
#1960663 - 09/10/14 01:32 PM Re: LTV Question beegee
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
"Value " is defined in the regulations. The lower of the two.
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#1960668 - 09/10/14 01:35 PM Re: LTV Question rlcarey
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,110
South
thanks!

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