In the September 21, 2015, issue of the Federal Register (80 FR 56895), click here, the Consumer Financial Protection Bureau established the following 2016 thresholds for high-cost and qualified mortgages under §§1026.32 and 1026.43, respectively. HOEPA (High-cost Mortgages) 2016 Threshold Adjustments • Effective January 1, 2016, a consumer loan secured by the consumer’s principal dwelling and not otherwise exempt is a high-cost mortgage based on the total points and fees payable by the consumer under §1026.32(a)(1)(ii) if the points and fees exceed: (A) 5 percent of the total loan amount for a loan with a loan amount of $20,350 or more, or (B) the lesser of 8 percent of the total loan amount or $1,017 for a loan with a loan amount of less than 20,350. Comment 32(a)(1)(ii)-1.ii is added to reflect the new $1,017 threshold amount for 2016. Comment 32(a)(1)(ii)-3.ii is added to reflect the new $20,350 threshold loan amount for 2016.
