HOEPA Rules Threaten to Meddle With Post-Payoff Interest Rule
September 28, 2009
Financial trade associations are urging the Federal Reserve Board to clarify the treatment of “post-payoff interest” in connection with FHA loans that may fall under new Home Ownership and Equity Protection Act regulations taking effect on Oct. 1. In a joint letter, the Mortgage Bankers Association, American Bankers Association, and Consumer Mortgage Coalition warned...
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