Latest Lending - HUD Topics

RESPA promises to be one of the looming nightmares of the immediate future. Put together with fair lending, RESPA enforcement concepts could severely restrict the mortgage business.

Question: Our examiner told us that when we are making a mortgage loan that is in a second lien position, our Good Faith Estimate and the HUD-1A should include the cost of items such as haza

One of the most common violations that examiners find in RESPA is the failure to send out the Good Faith Estimate within three days of application.

The Federal Reserve Board has published for comment regulations to implement the 1996 amendments to the Equal Credit Opportunity Act.

In keeping with its annual schedule for updating the Regulation Z commentary, the Federal Reserve Board has proposed revisions to the commentary.

Congress's efforts at burden relief often fall short of the mark. However, one important feature in this year's banking act provides protection for fair lending self assessment.

After more than a quarter century of disclosing the costs of credit, there is movement toward re-evaluating the methods used to disclose costs in the Truth in Lending and Real Estate Settlement Pro