Most Popular Lending Content
Creditor Held Liable in FDCPA
01/06/2005
Creditor Held Liable in FDCPA
01/06/2005
Proving Early Disclosures Were Made
01/03/2005
How do we document in our files that we have sent out Early TIL disclosures on a timely basis? We keep a copy of the Early TIL in the file, but it is not signed by the customer in some cases (if the lender mails them rather than giving them to the customer at the time of a face-to-face application). I am told by our lenders that borrowers don't always return a signed copy of the Early TIL, so that can't always be relied upon for proof. Any suggestions?
Paying Mortgage Referral Fees
01/03/2005
If a broker-dealer provides customer leads to a mortgage banker and the mortgage banker originates, processes and funds loans from some of the leads, can the mortgage banker pay a marketing or lead-generation fee to the broker-dealer?
What Fees are Marked as Prepaid
01/03/2005
Of all the settlement fees that can be found on a HUD and GFE, which ones should be marked as a prepaid finance charge? Or, if it's easier, what shouldn't be marked as a prepaid finance charge?