Rate spread home loan definition

Rate spread home loan means any loan for which the rate spread must be reported under the Home Mortgage Disclosure Act of 1975, Regulation C, 12 Code of Federal Regulations, Section 203.4(a)(12); and any loan that meets the criteria of a high-rate, high-fee mortgage.
Rate spread home loan means any loan for which the rate spread must be reported under the Home Mortgage Disclosure Act of 1975, Regulation C except that, beginning October 1, 2009, "rate spread home loan" has the same meaning as set forth for "higher-priced mortgage loans" in 12 Code of Federal Regulations, Section 203.4(a)(12); and 226.35(a). In addition, "rate spread home loan" means any loan that meets the criteria of a high-rate, high-fee mortgage.
Rate spread home loan means any loan for which the rate spread must be reported under the Home Mortgage Disclosure Act of 1975, Regulation C,has the same meaning as set forth for "higher- priced mortgage loans" in 12 Code of Federal Regulations, Section 203.4(a)(12)226.35(a); and in addition means any loan that meets the criteria of a high-rate, high-fee mortgage.

Examples of Rate spread home loan in a sentence

  • Rate spread home loan" means any loan for which the rate spread must be reported under the Home Mortgage Disclosure Act of 1975, Regulation C except that, beginning October 1, 2009, "rate spread home loan" has the same meaning as set forth for "higher-priced mortgage loans" in 12 Code of Federal Regulations, Section 203.4(a)(12); and226.35(a).


More Definitions of Rate spread home loan

Rate spread home loan means any loan for which the rate spread must be reported under the Home Mortgage Disclosure Act of 1975, Regulation C, 12 Code of Federal Regulations, Section 203.4(a)(12); and any loan that meets the criteria of a high-rate, high-fee mortgage. W. "Residential mortgage loan" means an extension of credit, including an open-end credit plan, in which: