Most Popular Lending Content
Can a Real Estate Agent Steer Clients Toward a Lender?
03/21/2005
Are there any federal statutes that address the extent to which a real estate agent or developer may encourage a potential buyer to work with a particular lender, whether there is a financial benefit to the buyer or otherwise?
Inspection Fee a Prepaid FC?
03/07/2005
We are reviewing a loan called a One-Time Close Construction loan. The construction loan and long-term financing are closed at the same time. I am wondering if the lender’s inspection fee can be included as a prepaid finance charge when calculating the APR. From what I read in Staff Commentary for Reg Z (Section 226.4(a)(1), this fee should be a finance charge. In our case, the inspection fee is paid to a third party. Does that make any difference? I just need clarification.
Is a Modification of This Loan Possible?
03/07/2005
Can you tell me the regulation regarding changing the loan amount on a note? Example: The loan closed in 2003 for $250,000, and now the client wants to increase it to $350,000 without refinancing.
Long First-Period Mortgages
03/07/2005
Can banks offer all types of installment loans, including mortgages with a 90-day period until the first payment is due, with remaining payments due monthly?
Does the Spousal Signature Rule Affect Perfection?
03/07/2005
If we are not making the spouse sign the note, but we are making the spouse sign the security agreement, isn't our right to perfect the lien by filing a UCC or EFS affected?