Skip to content
BOL Conferences Top Gun 23
Thread Options
#2187931 - 08/03/18 02:07 PM No longer HPML
elebra Offline
100 Club
Joined: Apr 2009
Posts: 106
We have a loan that was higher priced at account opening 3 years ago. Borrower wants to cancel escrow. Loan is no longer higher priced. Does that matter or is he still bound to the 5 year escrow requirement?

Return to Top
Escrows on Higher-Priced Mortgages
#2187969 - 08/03/18 04:17 PM Re: No longer HPML elebra
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 80,815
Galveston, TX
HPML status is only determined at loan closing.
The opinions expressed here should not be construed to be those of my employer:

Return to Top