Most Popular Lending Content
Home Loan Toolkit Disclosure Rule
11/19/2023
Is the Home Loan Toolkit required to be given when no address is listed (such as a pre-approval) for a home purchase loan?
Audit on Loans Sold?
11/12/2023
This question is about FNMA new Prefunding QC Review process. We are a bank with a non-delegated mortgage division that sells 100% of our loans to various investors. We send all documentation for review and approval to our investors. We do not maintain servicing on any of the loans. Would we be required to perform the required Prefunding QC review, or would that be done by the investor that purchases the loan and then sells to FNMA?
Credit exceptions
11/12/2023
What is a credit exception?
Reasons for monitoring credit exceptions
11/12/2023
Why do financial institutions monitor credit exceptions?
MLA - Open-end and ODP Coverage
11/12/2023
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?