Can you tell me what fees are supposed to affect the APR?
An Appraisal Management Company, (AMC) is increasingly charging an additional fee of $150 and attributing its justification to the CFPB's Rural or Underserved provisions. My understanding and research does not support the AMC's claim allowing this added fee. I have spoken to others in the business and they have no experiences with such a fee, short of USDA-RD fees. Is this particular AMC correct in how it is treating these properties while citing the CFPB?
If a loan has a privately held mortgage, is that HMDA reportable?
We are new to auto loan lending and had a general question about allowing credit cards for monthly payments (including our own credit cards). Is this a wise business practice? What is the industry standard for making auto payments via credit cards?
We have a commercial customer doing a construction draw down line of credit. The construction and collateral will be a single family residence. t's a three year term.The first two years the line is a draw down line of credit, with interestonly payments; the last year it will be P&I with a balloon payment. Is this line/loan HMDA-reportable?