Can a Home Equity Line of Credit be done for a borrower who has PMI insurance on their first mortgage?
We have a customer who passed away. The customer was the sole owner of two corporations. The first corporation is a real estate holding company. There is a loan and DDA to this entity. The loan payment is auto-debited from the DDA. There is a second DDA to the other entity, also a corporation, which is to the operating company. Can we continue to pull the payments from the DDA to keep the loan current until the estate is settled and the loan paid off?
If the buyer is being charged by the attorney to prepare the purchase contract, would we reflect that in Section C or Section H? Also, would the fee description have "Title" in front of it?
Are we required to disclose on a consumer payment deferral agreement that deferring a payment will lead to paying additional interest over the life of the loan and a larger final payment?
What has been the most recent change to flood insurance compliance?