#2081561 - 06/02/1606:25 PMThe loan has a term of not longer than 12 months
terpsfan
Diamond Poster
Joined: Feb 2007
Posts: 2,059
Would odd days be included in determining whether a loan is more than 12 months? For example we have a 12 month and 3 day bridge loan that has non-escrowed flood insurance.
#2081907 - 06/06/1612:35 PMRe: The loan has a term of not longer than 12 months terpsfan
terpsfan
Diamond Poster
Joined: Feb 2007
Posts: 2,059
Yes it was not a HPML based on the rate spread but the same applies to it as well correct that odd days would count in determining 12 months or greater right?