Does the revised General QM option still require use of Appendix Q?
Is redlining real? It seems to be an antiquated type of violation.
The Military Lending Act does not specify if the Act applies to an open-ended Overdraft Protection line that is tied to a checking account or a closed-ended loan secured by the applicants’ deposit accounts such as a savings and/or certificate of deposit. Does the Rule apply to both consumer credit types?
Our bank originated a HMDA reportable loan that had been reviewed and approved by two investors institutions. We do not have delegated authority with any of the investors. What is reported?
Does the new Seasoned QM option apply to loans already in our portfolio?