Most Popular Lending Content
Gramlich on Subprime Loans
10/01/2004
In his address to the Financial Services Roundtable Annual Housing Policy Meeting, FRB Governor Gramlich discussed issues related to subprime lending. Subprime loans have some typical features.
Separating the Appraisal and Evaluation Functions - Mary Beth Guard
09/27/2004
Separating the Appraisal and Evaluation Functions
Answer by Mary Beth Guard, BOL Guru
Guru BIOS
Interest During Rescission
09/20/2004
On a Freddie Mac refinance of a primary residence where there is the right of rescission; if the loan closes near the end of the month, and the rescission period goes into the next month, (closes 4/28/04 and the rescission date is 5/2/04) is it correct that the customer can only be charged interest from the rescission date (5/2/04) and not the closing or note date? Therefore, the customer would be charged interim interest from 5/2/04 to 6/1/04 and the first payment date would be 7/1/04 due to the fact that all Freddie Mac loans have payments due on the first of the month. Is this correct?
What is Temporary Financing
09/20/2004
Under the new HMDA revisions, is there a good definition of "temporary financing"?
Signing for Credit Ins When There Is No Credit Ins
09/20/2004
Do we have to have the customer sign the credit life portion of the loan document regardless if they choose to purchase credit life or not?