Most Popular Lending Content
When Does Rescission Begin
07/23/2023
This question is on rescindable mortgage transactions. Let's assume one borrower comes in to sign all the loan documents today, with a coborrower scheduled to sign later that same day. But that second borrower doesn't come in until the following day to sign. Does rescission period start the next day after all those signatures were made and all documents have been signed, that being consummation?
Partnerships for community outreach
07/23/2023
.Where can I find partnership organizations for community outreach?
Common reasons that commercial lending exceptions occur
07/23/2023
Why do commercial lending exceptions occur?
Selling Requirements for Repos
07/16/2023
My bank is now selling our repossessed vehicles. The vehicles are listed on our website and we probvide contact information for questions or to arrange a test drive. Is there specific information we must include in the website listing for each vehicle? For example, should we indicate that the listed price does not include tax, title and registration fees? Should each listing include the VIN? Or are these things relevant only to dealers?
HMDA- Home Purchased Not Collateral
07/16/2023
For a HMDA loan where a borrower is using their own residence as collateral to purchase a home for someone else, is it still a purchase if the borrower has no ownership of the purchased home?