Most Popular Lending Content
When the Borrower Plays Twenty Questions
01/13/2003
by Mary Beth Guard, BOL Guru
Determining Flood Status in a Nonparticipating Community
01/06/2003
How do we obtain an accurate designation on property located in a community that does not participate in the National Flood Insurance Program?
Appraisal Threshold Trigger
01/06/2003
For the threshold of certified appraisals on loans up to $250,000, is the threshold applicable to each loan or is that for an aggregate amount? For example, if we would use the same collateral on two separate loans, does the $250,000 apply to the aggregate amount of the loans or each separate loan?
Disclosing Payment Schedules on an ARM Loan
01/06/2003
What is the correct way to complete the Truth in Lending disclosure on the payment schedule portion, when you have a one year adjustable rate mortgage? Also, do you know where I can get a copy of the 10 year index? Isn't this a requirement for all ARM loans?
Explaining Transactional Testing
01/06/2003
We have done quite well with our compliance exams for over ten years. During the last exam, the compliance examiner stated we should do more transactional testing. Can you define that term for me so that I can show we are OK?