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#965311 - 05/27/08 05:15 PM Mortgage renewals
gunches Offline
100 Club
Joined: Dec 2005
Posts: 210
We do consumer real estate loans on a 3 year balloon. When it reaches maturity, and we are drawing up new loan documents to extend the maturity date,change interest rate and payment amounts, do we need a HUD( to show taxes, insurance and any fees collected) and payment rider to go along with the note, modification of mortgage and truth in lending disclosure?

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Lending Compliance
#965320 - 05/27/08 05:31 PM Re: Mortgage renewals gunches
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
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The opinions expressed are mine and they are not to be taken as legal advice.

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