Most Popular Lending Content
When Is This An Application
08/16/2004
If a lender takes only basic inquiry information so it can review a credit bureau report, and later takes an application for a mortgage loan, is the date of application the date we pulled the credit report, or the date we got the complete application?
Occupancy on LAR, 2nd Home
08/02/2004
When a mortgage is for a second residence, how would someone mark that on the HMDA Loan Application Register under the occupancy code?
Efficient Residential Lending -- TransUnion
08/02/2004
How can residential lenders easily expand their lending footprint and borrower reach while maintaining cost control and efficiency?
HMDA Rate Spread Determination Dates
08/02/2004
For a HMDA rate spread date, what do you use if you do not use a lock-in agreement, would it be up to the bank to spell out what they will use consistently?
Cooperative UCC Filing- Continuation
08/02/2004
The filing period of a financing statement is 5 years and one of the exceptions is "Cooperative Filing - effective 50 years." For example, if we (the bank) had granted a 15-year co-op mortgage loan to the customer several years ago and filed a UCC-1 on the unit at that time, would this UCC filing be effective for 50 years and would we not have to file a continuation every five years?