WebFor Loan Discount Points, Fee Total Percent is equal to 0 when Fee Actual Payment Amount is not equal to $0. Note: This edit will be operational as warning severity on 5/1/23. ... If Regulation Z Excluded Bona Fide Discount Points indicator is true, then Loan Price Quote Interest Rate Percent is required and must be greater than 0.0%. Data must ... Webexcluded under paragraph (1), up to and including one bona fide discount point payable by the consumer in connection with the mortgage, but only if the interest rate from which the mortgage's interest rate will be discounted does not exceed by more than 2 percentage points: (A) the average prime offer rate, as defined in

HOEPA Worksheet - Fannie Mae

Web(4) "Bona fide discount points" means loan discount points knowingly paid by the borrower for the express purpose of reducing, and which in fact do result in a bona fide reduction of, the interest rate applicable to the home loan; provided, however, that the undiscounted interest rate Web(iii) Bona fide discount points defined For purposes of clause (ii), the term “bona fide discount points” means loan discount points which are knowingly paid by the consumer for the purpose of reducing, and which in fact result in a bona fide reduction of, the interest rate or time-price differential applicable to the mortgage. the shark is still working 2007

Ability-to-Repay & Qualified Mortgages - Federal Deposit …

WebFor purposes of this Part and section 6-l (1) (c) of the Banking Law, it shall be presumed that a point is a bona fide loan discount point if it reduces the interest rate by a minimum of 25 basis points or ¼ of a point provided all other terms of the loan remain the same. WebFeb 4, 2024 · For Owner Occupied Loans with a balance of $300,000 or less, up to 2.25% (Agency products) or 0.25% (Non-agency products) may be charged as Discount Points under the North Carolina Max Fee Rule if the bona fide assessment is met. Determining Maximum Discount Points WebAug 21, 2012 · Bona fide discount points do not count toward the 3% max points and fees test. At no time will CBC Mortgage Agency purchase a loan that exceeds the QM 3% points and fees test. On brokered transactions, non–bona fide discount points may be charged in excess of the 1.5% origination fee maximum. the shark is still working interview