Thread Options
#2203757 - 01/23/19 08:44 PM HOEPA vs HMDA Rate Spread Calculator
Katherine Offline
Joined: Aug 2017
Posts: 62
Hello, I am posting this on the HMDA thread because this thread gets more love than HOEPA. For calculating the rate spread for the HOEPA high cost APR test, can I just use the HMDA calculator? The site notes that the calculation is different, but if I populate the calculator right, can't I just use it to see the spread and so long as it's under 6.5, I'm good?

Here's the calculator I am referring to.

Thank you.

Return to Top

HMDA Academy
#2203771 - 01/23/19 10:05 PM Re: HOEPA vs HMDA Rate Spread Calculator Katherine
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 78,958
Galveston, TX
If you separately calculate the APR generated for the HOEPA test (it may not be what is on your CD depending on the loan type), then yes, you can use it for that purpose.
The opinions expressed here should not be construed to be those of my employer:

Return to Top