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Are “bridge” loans considered to be higher-priced mortgage loans?

April 26, 2017higher-priced Loans mortgage loans

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Are “bridge” loans considered to be higher-priced mortgage loans?

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No. Bridge loans do not fall within the definition of a federally-related mortgage loan (http://www.fdic.gov/regulations/laws/rules/6500-2520.html#6500res3500.2) and thus are not considered residential mortgage loans. Because they are not residential mortgage loans, they cannot be considered higher-priced mortgage loans.