Most Popular Lending Content
Using a CD to Offset a Delinquent Note
05/05/2003
If we use a Certificate of Deposit for an offset on a delinquent note, should we charge the early withdrawal penalty and credit the accrued interest?
Pulling Credit Report Without Customer's Signature
05/05/2003
Is it acceptable to pull credit from an application faxed by a Manufactured Home Dealer that does not have the customer's signature on the application? (phone in applications or they have signed another Bank's Application or the Dealer's Application.)
What is the TIL Definition Of A Credit Sale?
05/05/2003
I need the definition of credit sale under Truth in Lending. A piece of ORE property is sold to a customer for x dollars, he pays us with proceeds of a loan he took out secured by a vehicle. Would we need the sales contract disclosure using the 5th box or not? We are not financing the property since the collateral is the vehicle?
Software Available To Compute Historical Data For HELOC Programs
05/05/2003
Where can I obtain software to compute historical table data for home equity line of credit programs?
Real Estate Loan To Illegal Immigrant
05/05/2003
We have had a couple of inquires from customers regarding their ability to obtain credit for the purpose of purchasing a homestead while their legal status is that of an illegal immigrant. They claim to have a legitimate ITIN issued by the SS administration and have filed for 3-4 years worth of income taxes. It is prudent and/or legal to extend credit (real estate secured) to individuals under these circumstances, if they meet all other credit qualification?