While auditing a mobile home loan I saw escrow statements. Isn’t this unnecessary since RESPA doesn’t apply when we don’t have real estate as our loan collateral?
Is flood insurance compliance complicated?
Can a Home Equity Line of Credit be done for a borrower who has PMI insurance on their first mortgage?
We have a customer who passed away. The customer was the sole owner of two corporations. The first corporation is a real estate holding company. There is a loan and DDA to this entity. The loan payment is auto-debited from the DDA. There is a second DDA to the other entity, also a corporation, which is to the operating company. Can we continue to pull the payments from the DDA to keep the loan current until the estate is settled and the loan paid off?
Given all other HMDA reporting criteria being met, would a bungalow colony be considered HMDA reportable?