Most Popular Lending Content
If a Condo Association Decides Not to Rebuild ....
11/15/2004
When financing a condo unit suppose the entire building is wiped out by a flood and insurance does not cover mortgage balance. Suppose the association decides not to rebuild but to sell very valuable land. Can the mortgage holder get to customer's portion of land sale proceeds directly as a result of the mortgage?
Action Date for CRA Small Business Loans
11/15/2004
CRA Question: The action date should be the note date, correct? We are booking commercial loans with the "funding date" as the original date on the system, not the note date. Shouldn't the loan processing department use the "actual" note date as the original date?
How Do You Protect Valuable Documents in a Disaster? -- TREEV
11/15/2004
How do I help my bank protect valuable information such as reports, agreements, customer identification documents, and legal papers in the event of a disaster?
Collecting Government Monitoring Information
11/15/2004
My question is in regards to Regulation B Monitoring Infomation. We are a non HMDA reporting bank. We have received mixed information concerning the collection of the monitoring information on telephone, mail and internet applications. Does the creditor need to complete the monitoring information on telephone, mail or internet applications to purchase or refinance the applicant's personal residence?
RESPA & Vacant Lot Mortgages - Mary Beth Guard
11/08/2004
RESPA & Vacant Lot Mortgages
Answer by Mary Beth Guard, BOL Guru
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