Average prime offer rate. ’ means an annual percentage rate that is de- rived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low- risk pricing characteristics. The Board publishes average prime offer rates for a broad range of types of transactions in a table updated at least weekly as well as the methodology the Board uses to derive these rates.
Average prime offer rate means an annual percentage rate that is derived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low-risk pricing characteristics. The Board of Governors of the Federal Reserve publishes average prime offer rates for a broad range of types of transactions in a table updated at least weekly as well as the methodology the Board uses to derive these rates.
Average prime offer rate. ’ means an annual percentage rate that is de- rived from average interest rates,
Examples of Average prime offer rate in a sentence
See comments 32(b)(1)(i)–3 and –4 for further discussion of including upfront private mortgage insurance premiums in the points and fees calculation for closed-end mortgage loans.32(b)(5)(ii) Bona fide discount points.1. Average prime offer rate.
Average prime offer rate is calculated from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low-risk pricing characteristics.
More Definitions of Average prime offer rate
Average prime offer rate. ’ means an annual percentage rate that is de- rived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for
Average prime offer rate means an annual percentage rate that is derived from average interest rates, points, and other loan pricing terms currently of- fered to mortgagors by a representa- tive sample of mortgagees for mort- gage transactions that have low-risk pricing characteristics as published by the Consumer Financial Protection Bu- reau (CFPB) from time to time in ac- cordance with the CFPB’s regulations at 12 CFR 1026.35, pertaining to prohib- ited acts or practices in connection with higher-priced mortgage loans.
Average prime offer rate means an annual percentage rate that is derived from average interest rates, points, and other loan pricing terms currently offered to mortgagors by a representative sample of mortgagees for mortgage transactions that have low-risk pricing characteristics as published by the Consumer Financial Protection Bureau (CFPB) from time to time in accordance with the CFPB’s regulations at 12 CFR 1026.35, pertaining to prohibited acts or practices in connection with higher-priced mortgage loans.
Average prime offer rate means an annual per- centage rate that is derived from average inter- est rates, points, and other loan pricing terms currently offered to consumers by a representa- tive sample of creditors for mortgage trans- actions that have low risk pricing characteris- tics.
Average prime offer rate. ’ means an annual percentage rate that is de- rived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low- risk pricing characteristics. The Bu- reau publishes average prime offer rates for a broad range of types of transactions in a table updated at least
Average prime offer rate means an annual percentage rate that is derived from average interest rates and other loan pricing terms currently offered by a set of creditors to consumers for mortgage loans that have low-risk pricing characteristics. The Bureau publishes tables of average prime offer rates by transaction type at least weekly and publishes the methodology it uses to derive these rates. (https://ffiec.cfpb.gov/tools/rate-spread).
Average prime offer rate means an annual percentage rate that is derived from average interest rates, points, and other loan pricing terms currently offered to consumers by a representative sample of creditors for mortgage transactions that have low-risk pricing