Most Popular Lending Content
State Law Or Federal Law For Loan Fees
07/15/2002
We are a federally charted bank with offices operating in different states. Do we follow state or federal law for allowable loan fees on consumer, residential mortgage and commercial loans?
Is it a RESPA violation for a mortgage lender to pay a percentage of the loan commission to the Realtor?
07/15/2002
Is it a RESPA violation for a mortgage lender to pay a % of the loan commission to the realtor if the realtor actually takes the loan application and is disclosed on the settlement statement?
When the Borrower's Home is Owned by a Business
07/08/2002
by Mary Beth Guard, BOL Guru
HOEPA Changes Explained
07/01/2002
Is there a simplified summary of the current, pending HOEPA changes/regulations, pertinent to a mortgage nondepository lender?
Order for Applying Credit Card Payments
07/01/2002
What are the regulations concerning the application of the principal portion of a payment when the loan is against a credit card that has different balances kept for purchase advances, cash advances and balance transfers? Is it permissible to reduce only one of these balances with the principal portion of the payment or must each balance be reduced? If each balance must be reduced, what is the formula used to decide what portion of the principal is applied to each balance?