Thread Starter: Richard Insley
Title: Re: APR/win
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We've exhausted all the easy answers, so you'll have to post an example, including: - ID of the index for this product - value of the index at the time subject loan was disclosed - margin - note's requirements for rounding index + margin - frequency of IR changes - lookback provisions for IR changes - limits on IR changes: per change, life-of-loan - initial IR for this loan - loan amount - Amount Financed - payment frequency (if not monthly) - date of consummation - date of first payment - date of first IR change - limits (if any) on payment changes - number of payments - if scheduled payments result in a balloon, number of payments needed to fully amortize original loan amount - if PMI is required, provide details - if loan is combined construction/perm, provide details
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