Is the only $$ penalty for pulling an unauthorized credit report $1000?
Question: We are having trouble deciding on the correct styling for this account and would like your views. The account is a CD
When is a modification of an existing real estate loan considered a refinance, subject to Reg Z and RESPA?
I have recently discovered that on a few of our consumer real estate loans that have credit life we did not obtain the customers authorization. I was needing help on caluculating the reimbursement amount. Were would I find the guidlines for such reimbursements?
Is a 1098 required on a lot loan? Most information I find says the interest is not tax deductible until construction of a home begins. Some times we know about construction, some times we do not.
We are associated with Metro bankers for Title Insurance. The new required disclosure we received has me confused because the first disclosure says: "The lender may not condition an extention of credit, or any subsequent renewal thereof on either: (1) My purchase of an insurance product from the lender or any of it's affiliates;or (2)My agreement not to obtain, or a prohibition on my obtaining, an insurance product from an unaffiliated entity: (3) as long as the coverage provided is acceptable to the lender. I'm unclear because we require title insurance on all real estate loans. The disclosure does not say we require the insurance. Can you tell me if I'm missing either the meaning of the disclosure or is there something else we should be saying.
The Real Estate Settlement Procedures Act is not inherently clear. Regulation X, promulgated by HUD to give detail and clarity to RESPA, doesn't accomplish the purpose.
What compliance regulations apply to a loan to purchase a primary residence secured by vacant land titled in a business name?
One of our CSRs has heard that a next of kin can withdrawn $1500 from an account they do not sign on to payfuneral expenses for the account holder. This is without court papers. Is this true?
I am a mortgage broker. Certain local banks and credit unions want to refer loans to me. ...I could swear there used to be a RESPA checklist that outlined the things a person had to do in order to earn a fee, and of this list you had to do, I think, 5 of the entire list in order to legally earn a fee.