Most Popular Lending Content
Don't Roll Over and Play Compliant
05/01/2005
Are examiners always right? Actually, the better question to ask is do all examiners really know what they are doing?
Interest rates for servicemembers By Mary Beth Guard -
04/25/2005
Interest rates for servicemembers
Answer by Mary Beth Guard, BOL Guru
Guru BIOS
Signatures required on loan to partnership -- Mary Beth Guard
04/25/2005
Signatures required on loan to partnership
Answer by Mary Beth Guard, BOL Guru
Guru BIOS
Loan on Spec Home - Disclosures?
04/18/2005
We have a loan that is going to be secured by a borrower's personal residence and then a true spec home with no take out committment. Would you please tell me what disclosures apply? The borrower is not in the business of spec home construction yet. The borrower and his wife are planning on doing more but this type of spec home has a limited buying audience.
APR Explanation?
04/18/2005
How would you explain to a borrower what APR is? I always got a lot of calls asking why the rate on TIL differs from the one on GFE. My answer to them was "APR is the cost of the loan." How would you elaborate? It seems that they are not always satisfied with my answer.