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#1276228 - 10/28/09 06:20 PM Reporting rate spreads for HMDA
Funky Falcon Offline
100 Club
Joined: Jan 2008
Posts: 242
Minnesota
If we need to "report" rate spreads that are 1/5% above APOR for 1st liens and 3.5% above APOR for sub liens, does REPORTING just mean put it on our LAR, or do we have to do anything else?

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#1276475 - 10/28/09 07:54 PM Re: Reporting rate spreads for HMDA Funky Falcon
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
All you have to do is report it on the LAR.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1276525 - 10/28/09 08:35 PM Re: Reporting rate spreads for HMDA Dan Persfull
Funky Falcon Offline
100 Club
Joined: Jan 2008
Posts: 242
Minnesota
Thank you Dan! I guess I was over thinking that one.

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