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

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Escrows on Higher-Priced Mortgages
#1997650 - 02/23/15 08:12 PM Re: Escrow on Jumbo Loans anderssr
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
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.
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