Most Popular Lending Content
A floor on mortgage interest rates
09/24/2023
Are we able to have a floor interest rate on home loans? Is there any regulation on this?
Commercial loan exception tracking costs
09/24/2023
How much does commercial loan exception tracking cost financial institutions?
Preapprovals and Rate Spread
09/24/2023
For a true preapproval with a final action of "Preapproval Approved Not Accepted" is a rate spread reported, or is NA reported? These loans do not have a property address and would not have received a Loan Estimate.
Reporting Occupancy
09/24/2023
A consumer purpose loan was originated to consolidate the borrower's credit card debt. The loan is secured by the principal dwelling of the borrower's parents. The parents are not borrowers on the loan and the borrower is not on the deed to the property. What is the occupancy type for this loan?
Small loan balance remaining – is flood insurance required anymore?
09/24/2023
Is flood insurance still required on a loan where the balance has fallen below $5,000?