Most Popular Lending Content
Home Loans & HMDA Reporting
11/04/2002
Consumer is constructing a residence on land already owned, using consumer's own money. Consumer needs more money to finish up (house is almost complete when consumer comes to bank). Bank loans money to consumer and takes lien on house. Is this HMDA reportable, if so, as what? Bank is making 15-year permanent loan - loaning $70,000 on house worth $280,000. Examiner first told bank it was not reportable, then said later it was as a home purchase loan and said bank should have provided early Reg. Z disclosures. HMDA Help said it was not reportable.
CRA: Payday Lending Under The CRA Microscope
11/01/2002
The penultimate session at PCi's CRA and Fair Lending Colloquium was a discussion and debate on payday lending.
Sub-Prime Lending Getting Prime Time
11/01/2002
Paul Smith, Regulatory Counsel for ABA, led the Washington Update panel at PCi's CRA and Fair Lending Colloquium. Predatory lending was the leading topic.
Defining Predatory Lending
11/01/2002
There is no official definition of predatory lending. However, some useful concepts have been put forward.
COMPLIANCE CALENDAR
11/01/2002
NOVEMBER