Learn More - Click Here!

Thread Options
#929931 - 03/25/08 07:52 PM HOEPA
deh Offline
Platinum Poster
Joined: Mar 2006
Posts: 866
Can anyone assist me with the current HOEPA rate and what the fee limit is?

Thanks for any help.

Return to Top
#962333 - 05/20/08 09:14 PM Re: HOEPA deh
Tesla Offline
Power Poster
Joined: Nov 2003
Posts: 3,681
Did you mean for the IL High Risk Home Loan Act? If so, the fee limit is $907 for 2008. The rate is 6 for a first lien and 8 for a junior plus the yield on U.S. Treasury securities having comparable periods of maturity to the loan maturity as of the fifteenth day of the month immediately preceding the month in which the application for the loan is received by the lender.
Last edited by SkiDoo; 05/20/08 09:15 PM.
_________________________
It's not that I take life for granted. It's only that the good won't make it. Innocence dies, while Villany Thrives.

Return to Top