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Does the law create liability for assignees of mortgages other than high-rate, high-fee mortgages?

April 26, 2017assignees create high-fee high-rate Law liability mortgages

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Does the law create liability for assignees of mortgages other than high-rate, high-fee mortgages?

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The law excludes general assignee liability for mortgage loans that are not high-rate, high fee loans. This exclusion represents the Legislature’s intent to free purchasers and assignees of loans other than high-rate, high-fee loans from most secondary market liability concerns.