Most Popular Lending Content
Mortgage Referral Fee Paid to Employees
12/15/2003
Can we pay a $50.00 referral fee to our employees for referring customers to our mortgage department? The fee would be conditioned on if the loan closes. These mortgage loans are sold to the secondary market and are table-funded.
Clear & Conspicuous: A Federal Reserve Standard for Disclosures
12/01/2003
We saw it coming. When the privacy regulation was promulgated, the agencies had to set standards for notifications.
APR Calculation on a Construction Loan
12/01/2003
How do you disclose and perform the calculations for APR for a construction loan?
Risk Management Anyone?
12/01/2003
Risk management is the watchword of the day. It is the theme song of each of the regulatory agencies as they describe their new examination procedures.
Time Restriction Before Refinance Can Occur
12/01/2003
Is there a time restriction between when a loan closes and when a borrower can refinance the same property?