Rebuttable Presumption Qualified Mortgage. A Qualified Mortgage with an annual percentage rate that exceeds the average prime offer rate for a comparable mortgage loan as of the date the interest rate is set by 1.5 or more percentage points for a first-lien Mortgage Loan or by 3.5 or more percentage points for a subordinate-lien Mortgage Loan.
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Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (UWM Holdings Corp), Master Repurchase Agreement (loanDepot, Inc.)
Rebuttable Presumption Qualified Mortgage. A Qualified Mortgage with an annual percentage rate that exceeds the average prime offer rate for a comparable mortgage loan as of the date the interest rate is set by 1.5 [***] or more percentage points for a first-lien Mortgage Loan or by 3.5 [***] or more percentage points for a subordinate-lien Mortgage Loan.
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