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Re: Residential Mortgage Transaction

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#2984
rcooper
Keymaster

From my understanding of the information you have provided, these loans would not be subject to HOEPA/12 CFR 1026.32. However, if you were to do a refinance, home-improvement, etc. involving one of these properties that loan would be subject to HOEPA. And, as you mentioned, the HOEPA exemptions will be changing January 10, 2014.