It is the principal fatty acid present in carnauba wax (30% of the normal fatty acids). A major source is rice-wax bran (about 40%). Without double bonds or other functional groups, these fatty acids are nearly chemically inert and thus can be subjected to drastic chemical conditions (temperature, oxidation).
HPML - Calculating Repayment Ability. We are working on the Reg. Z changes that came out Oct. 1, in relation to a higher price mortgage loan (HPML). We offer one, three, or five year ARM loans which meet the test for a HPML. All three of our ARM types originate at an index + margin (fully indexed rate) and are subject to an adjustment either at one, three or five years based on whatever the index is at that time plus the same margin the loan originated with.
Lenders need to make sure there is enough income for the proposed mortgage payment, after other revolving and installment debts are paid. 1  All loans, leases, and credit cards are factored into the debt calculation. 2  Utilities, insurance, food, clothing, schooling, etc. are not. For conforming loans, most lenders will lend down to a FICO of 620, with additional rate hits for the lower-end credit scores and loan-to-values. 2  When you are borrowing more than 80%, they typically will not lend if you have a FICO below 680.