Most Popular Lending Content
Pre-Paid Finance Charge
09/20/2004
What fees are considered as pre-paid fees on a real estate loan and consumer loans?
What is Temporary Financing
09/20/2004
Under the new HMDA revisions, is there a good definition of "temporary financing"?
Interest During Rescission
09/20/2004
On a Freddie Mac refinance of a primary residence where there is the right of rescission; if the loan closes near the end of the month, and the rescission period goes into the next month, (closes 4/28/04 and the rescission date is 5/2/04) is it correct that the customer can only be charged interest from the rescission date (5/2/04) and not the closing or note date? Therefore, the customer would be charged interim interest from 5/2/04 to 6/1/04 and the first payment date would be 7/1/04 due to the fact that all Freddie Mac loans have payments due on the first of the month. Is this correct?
Educational Requirements for Compliance Officer
09/09/2004
Would you say a bachelor's degree would be a minimum requirement for one seeking a position as a compliance officer?
GMI Regardless of Lien Position
09/06/2004
Do we collect government monitoring information on a home equity loan, regardless of lien position?