When and to whom must HUDs SCRA mortgage notice be sent out? We prefer to wait for the 45 day notice we already send.
During a review of new loans for the previous month, I found that a joint credit report (husband/wife) was pulled for a new loan that was made to
just 1 of them (the wife).
The previous loan was a joint loan and a joint credit report was used then How do I need to document this finding in my
monthly reports? Along with some additional training for the loan officer, what other things should I be aware of and keep in mind?
Are there any regulations concerning a Land Trust Department having access to retail banking documents in an institution?
Can we report adverse credit to the credit bureau on a commercial loan and the guarantor if we don't normally report our commercial loans to the credit
We have an online loan application that our members complete. It does not have a signature on it. We use that to pull credit, make the loan and the
members come in and sign loan documents. My question is do I need them to complete a loan application in person with a signature or is the on-line
Can a lender purposely not get one of the six TRID items to avoid getting an application in order to delay the loan estimate delivery date?
I have a client (a lender) who orders their credit reports from "XYZ Data" and when a loan is declined, they list Equifax on their Adverse Action
Notice (with appropriate address and phone number) and they have now been told that because "XYZ Data" is considered a reseller of credit under the
FCRA 603(u) that they should also list XYZ Data (along with its name and telephone number) on the Adverse Action Notice. Is this true?
RESPA - is it a thing of value if a Realtor puts on their open house flyer a preferred lender's info?
Which regulator issues the most enforcement actions?
Which violations result in the highest penalties?