Most Popular Lending Content
Time Restriction Before Refinance Can Occur
12/01/2003
Is there a time restriction between when a loan closes and when a borrower can refinance the same property?
Cisneros on CRA
12/01/2003
Henry Cisneros was the keynote speaker at PCI's annual CRA and Fair Lending Colloquium. He observed that the private sector can do much more than the government to cause change.
ROR on a Construction Loan
12/01/2003
Does right of recission apply in rolling a construction loan on a personal residence to permanent financing, no new funds, no new note? I say no. But, if we are advancing additional funds, still under the same note, does ROR apply?
Proper HUD-1 and GFE Completion
11/17/2003
Must the fees/charges paid outside of closing by buyer or seller be disclosed on the GFE at all? If so, should they be disclosed as POC? Also, on itemization of Amout Financed, must the fees in the category "amounts paid to others" be an exact match of Final Hud-1 figures?
Disclosures Timing on Phone and Mail Apps
11/17/2003
Disclosures must be signed and dated within 3 days of application. Does this apply if someone applies by mail of by phone?