Most Popular Lending Content
Court Allows Credit Card Loan Interest Rate to Exceed State Usury Rate
05/08/2003
by Sam Ott
Software Available To Compute Historical Data For HELOC Programs
05/05/2003
Where can I obtain software to compute historical table data for home equity line of credit programs?
Real Estate Loan To Illegal Immigrant
05/05/2003
We have had a couple of inquires from customers regarding their ability to obtain credit for the purpose of purchasing a homestead while their legal status is that of an illegal immigrant. They claim to have a legitimate ITIN issued by the SS administration and have filed for 3-4 years worth of income taxes. It is prudent and/or legal to extend credit (real estate secured) to individuals under these circumstances, if they meet all other credit qualification?
Does the renewal of a crop loan require a new UCC?
05/05/2003
On a renewal of an existing loan using crops as collateral, a new security agreement is required. Is it necessary to file a new UCC? The UCC filed when the loan was originally done (along with the original security agreement) is good for 5 years, so why would it be necessary to file a new UCC every year even though a new security agreement is required every year?
Required Signatures On TIL?
05/05/2003
I am refinancing a first mortgage for a customer. The customer is married and the loan is to only one party. The spouse is going to sign the mortgage and right of rescission. I am being told by the purchaser of the loan that the spouse also has to sign the truth in lending. Is that correct?