Most Popular Lending Content
Interest-only Mortgage Calculator
02/04/2002
Where can I find a mortgrage calculator that will tell me how much my interest-only payments would be if I choose that option?
Are attorney's fees considered a finance charge under Reg Z?
02/04/2002
Are attorney's fees considered a finance charge under Reg Z?
Late Fee Grace Period
02/04/2002
The bank I work for has always allowed 15 days grace period for mobile home loans that are late before assessing late fees. Where can I find the law that dictates 15 days grace period and is this for consumer, primary residence-secured loans only?
Allowable Application Denial
02/04/2002
Is a lender permitted to deny an applicant the right to make a residential loan application if they own more than 10 rental properties?
Flood Insurance: What if only part of the property is in the flood area?
02/04/2002
If my Life of Loan search comes back with a check in the yes box and then includes includes in the comments section: partial flood area; onsite inspection required to determine location of the improvements. Am I required to get flood insurance coverage or can I document with pictures, survey, memo, etc. that the structure is far enough away and not require my borrower to obtain the coverage for our loan. Please let me know what is required.