Skip to content
Thread Options
#1997644 - 02/23/15 07:54 PM Escrow on Jumbo Loans
anderssr Offline
New Poster
Joined: Aug 2013
Posts: 5
Is escrow required on Jumbo Loans that are HPML?

Return to Top
Escrows on Higher-Priced Mortgages
#1997650 - 02/23/15 08:12 PM Re: Escrow on Jumbo Loans anderssr
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,684
Cape Cod
Yes. There's a larger APR over APOR spread allowed for Jumbo Loans to escape HPML classification, but no exception for Jumbos from the escrow requirements under 1026.35(b).
Last edited by John Burnett; 02/23/15 08:20 PM.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top