Most Popular Lending Content
FRB Updates High Cost Loan Number
09/01/2004
Each year, the Federal Reserve updates the number to be used in calculations for high cost loans (Section 226.32 of Regulation Z.) The new number for 2005 calculations has been announced.
Does RESPA Apply
08/16/2004
Does RESPA apply if the grantor of a dwelling is not a borrower on the note?
Stretching Your Loan Goals -- Vision Marketing Services
08/16/2004
As we put together our 2005 budget, how can we increase our revenue forecasts for mortgages and consumer lending in an environment with rising rates?
Carrying Escrows Forward
08/16/2004
We have several real estate loans that we are refinancing. The existing loans have escrows. The new loans will have escrows as well. What kind of a procedure do we need to go through to transfer the escrow balances to the new loan: Do we need to do a short year escrow analysis on the old loan and an initial escrow disclosure on the new loan?
HMDA Refi vs. Modification
08/16/2004
For HMDA, what is the delineation between a modified loan and a refinanced loan? Say a loan's terms are changed (went from interest only to an amortizing basis) but the loan number remains the same. Is this dependent on the same test for Reg. Z, a replacement of the loan document?