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Abbreviations on HOEPA Calculator
12/15/2003
What does the AFR LOL Fee stand for on the HOEPA calculator?
RESPA Revision
12/15/2003
I have been looking for the resolution to the proposed rule on changes to RESPA regarding settlement costs as discussed in the July 2002 Federal Register. Comments were due by 10/28/02. HUD's website still indicates that they are proposals. Are there any links in BankersOnline that can provide an update?Thank you for your assistance.
Debiting a Military Customer's Account
12/15/2003
Can a financial institution debt an active military customer's account for loan payments without their permission?
Disclosure to Cosigners
12/15/2003
Parents cosign for a purchase money mortgage for their son and pledge their residence as additional collateral. Is a separate cosigner's disclosure required? If so, under what regulation?
Demand Feature for Executive Officers
12/15/2003
All of our loans currently have a demand feature included in the note. Is there an additional disclosure for executive officers when preparing a note?