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#2158874 - 01/02/18 04:19 PM FFIEC Average Prime Offer Rates Table
LaLendingLady Offline
Junior Member
Joined: Apr 2014
Posts: 39
Does anyone know if we are to use the new rate spread calculator hyperlink on the FFIEC website to obtain the weekly average prime offer rates? The old hyperlink does not have the rates to use for this week but the new one does. I've seen no notification that they will now be available using the new hyperlink.

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HOEPA and Homeowner Counseling Rule
#2158876 - 01/02/18 04:25 PM Re: FFIEC Average Prime Offer Rates Table LaLendingLady
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
For loans with a disposition date in 2018, the FFIEC is no longer in the rate spread business. The CFPB site should be used.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2158877 - 01/02/18 04:38 PM Re: FFIEC Average Prime Offer Rates Table rlcarey
LaLendingLady Offline
Junior Member
Joined: Apr 2014
Posts: 39
Thanks! Is there an official notification some where? I missed it.

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#2158879 - 01/02/18 04:47 PM Re: FFIEC Average Prime Offer Rates Table LaLendingLady
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
It is right on the FFIEC site:

To calculate rate spreads for HMDA reportable loans, use a different calculator depending on the final action date:

•Use the new calculator available on the CFPB website if final action was taken on or after January 1, 2018.

You will not be able to use the old FFIEC one as they are no longer going to update it.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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