Is a travel trailer considered a mobile home or a camper for HMDA purposes?
On lines 1103 and 1104 of the HUD, should the agent or underwriter be listed as the payable to?
Do FHA, HUD or USDA have to comply with Reg Z? Are a GFE and a TIL exempt on a USDA subsidized loan?
Can a bank charge a fee that is more than the cost for a credit report?
Are we required to disclose on the GFE and Final HUD an appraisal fee for an appraisal ordered by another lender? The fee was paid by the borrower prior to applying for our loan. We are using this prior appraisal for our loan.
I have a question about completing the HUD-1A settlement statement. The credit union pays the credit report fee on behalf of the borrower. The borrower pays other settlement charges. The credit union discloses an estimate of the credit report on the GFE form. When using the HUD-1A, how would you disclose the credit report fee to show that the lender is paying and not the borrower?
Should the attorney fees appear on the third page of the HUD 1-A (which is the comparison sheet with the original Good Faith issued)? It is to our knowledge that they should only appear here if the borrower selects their own attorney to prepare their title work (not an option at our bank). Therefore, we do not include this comparison. Just wanting to make sure that we understand this correctly.
What line on the HUD settlement statement should the owners title insurance be shown?
An up front collected Appraisal Fee is more than the invoice. A lender credit is to be shown on the HUD. What amount is shown in the 800 series of the HUD as the POC amount and the Comparison Page? The actual cost of the appraisal or the amount collected from the borrower?
When figuring out possible reimbursement for differences between the GFE and HUD 1, is the total reimbursement based on the total difference in charges (10% tolerance items) or is it on an individual basis? As an example, the appraisal fee is over 10% greater than GFE; however, the title insurance is 25% under the GFE. Can these be netted together or do we just need to consider the appraisal fee variance.