Hmda rate spread
[DOCX File]HMDA WORKSHEET
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HMDA reportable (check if applicable, and if transaction is not HMDA reportable, stop here and retain copy in file) ... Number reported in months, NA if Fixed rate loan . Balloon Payment ☐ (1) Balloon payment ☐ (2) No balloon payment . Interest-Only Payments ☐ (1) Interest-only payments ... Rate Spread: or NA . Report at least 3 decimal ...
[DOC File]MMC Rate Spread Trigger.doc
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HMDA Rate Spread Trigger: To determine the first trigger, the APR on the loan must be equal to or greater than 3% over U.S. Treasuries with comparable periods of maturity for first liens and 5% over comparable Treasuries for second liens as of the 15th day of the month prior to the application.
[DOCX File]Introduction - Utah's Credit Unions
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Rate Spread For a home-purchase loan, a refinancing, or a dwelling- secured home improvement loan that you originated, report the spread between the annual percentage rate (APR) and the average prime offer rate for a comparable transaction if the spread is equal to or greater than 1.5 percentage points for first-lien loans or 3.5 percentage ...
[DOC File]Federal Financial Institutions Examination Council
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Rate Spread Lock Date. Use date rate was locked for final time. Agreement. Float Down. Last lock before closing. Use 15th-of-month before the date the rate was locked. Rate Spread: Examples. Rate lock on April 21, 2004. Use yields on April 15, 2004. Rate lock on April 14, 2004. Use yields on March 15, 2004. Rate Spread: Treasury Securities
[DOC File]HMDA Reporting - BankersOnline
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( ( (See HMDA Criteria for refinances.) Excluded loan applications: If any of these questions are marked “yes”, this application is not HMDA reportable. Please stop here, and place this form in the loan (or denied) file for compliance purposes. Yes No ( ( Is this an application for a Home Equity Line of Credit?
[DOC File]HMDA Input Sheet – 2004
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HMDA Input Sheet – 2004 Author: David L. Majkowski Description: dave@fmbanking.com Last modified by: Andy Zavoina Created Date: 3/10/2004 2:48:00 PM Company: Farmers-Merchants Bank and Trust Other titles: HMDA Input Sheet – 2004
[DOC File]Board of Governors of the Federal Reserve System
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The new HMDA rate spread calculator requires the institution to identify whether the loan is fixed or adjustable and references the new fixed and adjustable ‘Average Prime Offer Rates’ tables. All other data elements to calculate the rate spread remain the same.
[DOCX File]HOW TO AVOID COMMON LENDING VIOLATIONS
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This change affects two of the rate spread FAQs: “Required use of Board-published Treasury security yields” and “Balloon loans --- rate spread.” In the former case, average prime offer rates replace Treasury security yields as benchmarks under the new rate spread determination rules.
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