Most Popular Lending Content
Reg. O Loan Limit Exemption
01/03/2005
I thought I heard Jack Holzknecht say in his Reg. O webinar that the $100,000 limitation on executive officers did not apply to related interests of the executive officer. I cannot find that exemption in the regulations. Can you tell me if this is true, and, if so, where I can find it in the regulations?
Right to Appraisal Notice
01/03/2005
Does the Right to Copy of Appraisal Notice have to be acknowledged in writing by the customer?
Help on ARM Disclosures
01/03/2005
I am trying to figure out the payment stream on a 5/1 ARM. I disclosed the first 60 months based on the original contact rate. Are the remaining payments based on the current index plus the margin for the balance of the term of the loan?
Underdisclosed PMI
01/03/2005
What tolerance is there for TIL errors? If a mortgage loan has already closed, and the bank made an error and underdisclosed PMI, can we redisclose and correct the payment, or should we bite the bullet and self-insure for the difference?
The Ins and Outs of Credit Scoring
01/01/2005
It is talked about in many contexts. It is a term tossed about without clear definition. It engenders fear and caution among lenders. It raises compliance concerns.