We receive numerous calls on a daily basis from our DocMagic customers asking us how we arrive at our high cost determinations. In an effort to better explain our calculations, we have decided to publish detailed information regarding our calculations online.

In the past, we have published detailed information about our California Covered Loan Law calculations in our articles Compliance Update: CA Covered Loan Law and YSP's Not Included In CA's Covered Loan Law Calculations. This month, we add detailed high cost information for the states of Georgia and Massachusetts. In addition, we add detailed information about our Section 32 high cost calculations. The Section 32 information is useful, not only because it explains our Section 32 calculations, but also because a number of states have adopted high cost provisions that simply track Section 32 in terms of how high cost home loans are defined. Those states include, for example, Maine, Nevada and Ohio.

Each month we will be adding detailed high cost information for additional states. So, be sure to check back often.

To view the detailed information, click here.