01/28/2013
Do we have to send the credit score disclosure on denial letters for residential real estate applicants?
01/21/2013
What disclosures are required in a situation where a borrower is mortgaging a property for personal use, but it will be non-owner occupied (like if she is buying the property for her parents)?
01/21/2013
When renewing a closed end consumer loan note to lower the rate and extend the maturity date (leaving our mtg in place, not having to modify it, since it had no maturity date stated on it) are we required to disclose the closing fees on a specific HUD form, or are we good to just use our Disbursement Request and Authorization form that is generated thru our Laser Pro system and lists all of the fees collected?
12/24/2012
Do TIL disclosures need to be given to collateral grantors that are not borrowers on a consumer RE loan?
12/03/2012
We have a borrower who has passed away. The deed is in the name of the husband and wife, however the husband is only listed as a borrower on the note. At this point the wife would like to assume the note, as she has been making the mortgage payments herself. We are doing a Modification and Assumption Agreement so a new note is not being prepared. Would a final TIL disclosure be required in this situation?
11/26/2012
I need some guidance on handling an assumed mortgage loan. Our bank has never allowed an assumption before, but, have now approved one and want it to close Friday. Don't we have to do new RESPA & TIL disclosures on the remaining balance? Is timing the same as a new loan?
11/26/2012
Are the variable rate disclosures of Regulation Z Section Section 1026.18 and .19 applicable to fixed rate mortgages and consumer loans that provide an interest rate discount if the consumer signs up for automatic payment deduction?
11/12/2012
An owner occupied RE Refi loan was declined due to debt/income. He now has his son, who does not reside in the home, as a co-borrower. Do I need to redisclose to both or are the original disclosures sufficient?
10/29/2012
We have a loan for a customer to purchase two lots which he plans to construct his homestead on in the next year. Does this fall under HPML regs? Do we have to provide early disclosures?
09/10/2012
Are initial PMI disclosures required on non-owner occupied purchase transactions?