Most Popular Lending Content
Proper Completion of the HUD-1
10/18/2004
It was mentioned at a webinar that the property taxes collected at closing need to go on line 1003 of the HUD-1 Settlement Statement but also on a line in the 800 section. Could you further explain what is supposed to be put in the 800 section?
PMI on Construction Loans
10/18/2004
Is it common for banks to put PMI on construction loans? We are looking at this but are having a hard time with the disclosures such as the "PMI cancel" notice.
Showing/Calculating Escrows for a Good Faith
10/18/2004
During a RESPA phone seminar, we were told that we need to include escrow reserves on the Good Faith if we know the customer wants to escrow his taxes and insurance. Taxes are not hard, we can easily figure when those are due. Insurance on a refinance is different. What do we put on the good faith if we have no idea when their insurance is due?
Government Monitoring Information
10/18/2004
When is the government monitoring information not required?
Balloon Loan Disclosures
10/18/2004
What law or regulation addresses the balloon notice requirement for mortgage loans? Is it a state law requirement?