Points and fees means the fees and charges that are included in the definition of points and fees in 12 C.F.R. §1026.32(b)(1).
Points and fees means all items considered required to be
Points and fees means all items considered to be points
Examples of Points and fees in a sentence
Points and fees do not exceed the applicable threshold for the appropriate loan amount.
Points and fees do not exceed the applicable threshold for the appropriate loan amount.QM Rules Points and Fees Testing.
Points and fees of 5% would be allowed for loans under $20,000 to qualify if other requirements are met.
Points and fees include all items added to the finance charge except interest or time-price differential.
Points and fees also will be subject to a 3-percent limit for purposes of determining whether a transaction is a ‘‘qualified mortgage’’ under the 2013 ATR Final Rule.
More Definitions of Points and fees
Points and fees means as defined in 12 CFR §226.32 and as used in the official staff commentary of the board of governors of the federal reserve system as amended from time to time.
Points and fees means all items considered to be points and fees under 12 CFR 226.32 (2000, or as initially amended pursuant to Section 1431 of the federal Dodd-Frank Act with no subsequent amendments or editions included, whichever is later); compensation paid directly or indirectly by a consumer or creditor to a mortgage broker from any source, including a broker that originates a loan in its own name in a table-funded transaction, not otherwise included in 12 CFR 226.4; the maximum prepayment fees and penalties that may be charged or collected under the terms of the credit transaction; all prepayment fees or penalties that are incurred by the consumer if the loan refinances a previous loan made or currently held by the same creditor or an affiliate of the creditor; and
Points and fees means all items required to be disclosed as points and fees as defined in Section 10 of the High Risk Home Loan Act [815 ILCS 137/10].
Points and fees means all items required to be disclosed as points and fees under 12 CFR 226.32 (2000, no subsequent
Points and fees means: is defined as provided in this subdivision.
Points and fees. Loan: Any Loan identified on the related Loan Schedule as having points and fees of less than 4.85%.
Points and fees. No Mortgagor was charged "points and fees" (whether or not financed) in an amount greater than (i) $1,000, or (ii) 5% of the principal amount of such Mortgage Loan, whichever is greater. For purposes of this representation, such 5% limitation is calculated in accordance with Fannie Mae's anti-predatory lending requirements as set forth in txx Xxxnie Mae Guides and "points and fees" (x) include origination, uxxxxxxiting, broker and finder fees and charges that the mortgagee imposed as a condition of making the Mortgage Loan, whether they are paid to the mortgagee or a third party, and (y) exclude bona fide discount points, fees paid for actual services rendered in connection with the origination of the Mortgage Loan (such as attorneys' fees, notaries fees and fees paid for property appraisals, credit reports, surveys, title examinations and extracts, flood and tax certifications, and home inspections), the cost of mortgage insurance or credit-risk price adjustments, the costs of title, hazard, and flood insurance policies, state and local transfer taxes or fees, escrow deposits for the future payment of taxes and insurance premiums, and other miscellaneous fees and charges that, in total, do not exceed 0.25% of the principal amount of such Mortgage Loan.