Most Popular Lending Content
Maintaining Bank-Paid Insurance Premiums
09/06/2004
We have two customers at our institution who are delinquent on their mortgage loans and have now filed bankruptcy. Each carries mortgage life and disability insurance on their loan with the monthly premium included in the escrow portion of their payments. We remit the premium monthly to the insurance company. Do we have the right to cancel these policies because of nonpayment to us?
SCRA Rate Change After Discharge
09/06/2004
Under the Servicemembers' Civil Relief Act, when can you change the rate back to the contract rate? I have heard there is a 90-day grace period.
Fees Affecting the APR
09/06/2004
Exactly which items from the standard HUD are APR fees?
Business Loans and Disclosures
09/06/2004
I'm working on a loan for a customer which has the customer's residence and 232 acres as collateral. This is for a business purpose. Do I have to have a residential loan application and a notice of right to receive a copy of an appraisal? Also, do I need the right to rescission, since the loan's purpose is for business?
Disclosures at Application
09/06/2004
What disclosures must be given at the time of a mortgage application?