Most Popular Lending Content
Definition of Bring-Down Fee
02/23/2004
What is a "bring-down fee?"
Is a loan to a mobile home dealer for an individual mobile home reportable under HMDA?
02/23/2004
Is a loan to a mobile home dealer for an individual mobile home reportable under HMDA?
Evidencing Joint Application Intent on Biz Loans
02/23/2004
Has anyone seen a form to be used for business credit indicating applicants' intent to apply jointly? Secondly, why doesn't the updated Fannie Mae application have such questions?
Do Commitment Letters qualify as a Preapproval?
02/23/2004
Although we have no formal Preapproval program, we do have mortgage loan officers that will provide commitment letters to an applicant if requested. Does this qualify as a Preapproval?
Signature Requirement for UCC-1
02/23/2004
Is a signature necessary on a UCC-1 filing if we have obtained the borrower's signature on the loan for that particular item? Someone had informed us that it was not necessary.