Most Popular Lending Content
Outside Banner Advertising a HELOC
07/18/2005
What disclosures are required on an outside banner for a HELOC with an intro rate?
Question about HMDA code 7
07/18/2005
Please provide an example of Code 7 on HMDA Reporting - Pre-approval request denied. Is there a definition/explanation of what this involves out there somewhere?
Why Is A New Flood Determination Needed?
07/18/2005
I found a Flood Insurance Flow Chart and it indicates "if the bank is making, increasing, renewing, or extending a loan, a flood determination is needed." I understand when you make a loan, but I thought a flood determination was good for 7 years or until the maps changed. Why would you need another determination when increasing, renewing or extending a loan?
Loan Classification Triggers
07/18/2005
It was brought to my attention that if a loan is modified and the terms changed within the first year of the term, or if the loan is renewed after maturity, it should then be classified. Is this a requirement and where is the cite?
HMDA with more than two applicants
07/18/2005
How do you report a HMDA loan with four borrowers when the LAR only has space for applicant and co-applicant?