Most Popular Lending Content
What Makes CRA So Difficult?
12/01/2004
At its core, CRA is a simple concept. It simply says that financial institutions should make loans and investments and provide services in their service area.
Policy Reviews
12/01/2004
Question: Every year we load up our board meeting with policy reviews. And every year, we get complaints from the board and management about how time- consuming this process is.
Purchase Loan Financing
12/01/2004
Question: We are a little confused after talking with our examiner about the differences between a purchase money loan and a refinancing when the refinancing is of the purchase mon
CAC on Predatory Lending
12/01/2004
When it comes to predatory lending concerns, the Consumer Advisory Council has plenty to say. The pressure is still on the FRB to take actions to protect consumers from predators.
Rescission on Bridge Loans
11/29/2004
When providing a lot loan and construction financing, often we require a lien on the borrower's existing residence as additional collateral. Since the purpose of the loan is to purchase/construct a new home, is the loan subject to the 3 day rescission requirement due to the collateral lien on the old home?