Industry Supports Same Mortgage Index for Calculating ‘Higher-Priced Mortgage Loans’ Under HMDA, HOEPA
September 4, 2008
Mortgage lenders support a plan to use the same yardstick for identifying “higher-priced loans” for Home Mortgage Disclosure Act reporting that is now used under the Home Ownership and Equity Protection Act. In a joint comment letter responding to the Federal Reserve Board’s proposed amendment to HMDA reporting rules for higher-priced mortgage loans, a coalition of mortgage and...