Most Popular Lending Content
Using An Outdated Appraisal
03/04/2002
My question pertains to an outdated appraisal prepared for another financial institution. I have an appraisal for residential property that is over 4 years old and was prepared for another bank. The customer adamantly opposes paying to update the appraisal. This customer is financially strong enough to find another lender/bank to commit to the request without updating the appraisal. I have a few thoughts on how to circumvent updating the appraisal. However, I would like to see what other lenders/banks do in the same situation. This is not the first time I've encountered this situation and I'm sure it won't be the last time.
Lending Disclosures at a Glance
03/01/2002
by Mary Beth Guard, BOL Guru
Which census data for HMDA reports?
03/01/2002
Question: As we prepare our HMDA report for 2001, are we still supposed to be using the 1990 census data? When should we use the information from the 2000 census?
Compliance Calendar
03/01/2002
MARCH
CALENDAR
03/01/2002
APRIL