Are HELOCs considered residential mortgage loans under the SAFE Act?
Are HELOCs considered residential mortgage loans under the SAFE Act? HELOCs, bridge loans, home improvement loans or loans to provide additional collateral may be considered mortgage loans. And the employees who make those loans may be deemed mortgage loan originators subject to registration. Institutions do not need to rely on the de minimis exclusion. Is … Continue reading Are HELOCs considered residential mortgage loans under the SAFE Act?
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