Most Popular Lending Content
Home Improvement Loan Secured by Vacant Lot
05/02/2005
For HMDA reporting, when a home improvement loan is secured by a vacant lot, would we use the lien position of the lot, or consider it unsecured?
Commercial Lender, Consumer Purpose Loan
05/02/2005
We have a customer who wants to build a second home. The customer doesn't want to go through all the hassles of a construction loan. They do quality for a revolving line of credit. The collateral to be used will be multiple investment properties. The loan officer is wanting to do a business loan. "Consumer purpose" keeps sticking in my mind and disclosures should be required, right?
Reg B - Financing Insurance Premiums as Loans
05/02/2005
A wholly-owned subsidiary of our national bank finances insurance premiums for businesses. The majority of the business borrowers have annual revenues under $1 million. The financing is structured as loans with finance charges and typical terms of nine months. We are trying to determine whether or not Reg B applies to this kind of lending. This type of financing is not mentioned in the "limited exceptions" section of Reg B. Any guidance or experience would be appreciated.
Term Used for HMDA Rate Spread Calculation
05/02/2005
We offer a 7 1/2 year balloon loan amortized over 15 years. What term do we use for the HMDA rate spread? My guess is that we would round up to 8, but I wanted to check with you. Thanks for the help!
Real Estate Lending Cheat Sheets
05/02/2005
am new in a compliance position and am having difficulty in real estate compliance. All of the matrices that I have don't contain all of the scenarios. For instance "Land purchase and construction". When do preliminaries disclosures apply. I need resources.