If real property titled to an individual's trust, do I need to provide the three day right to cancel?
Senior lending officer wanted to know if the bank had a charged off loan that took more than 1 year to recover could we take that recovery into income for book purposes.
What are we missing out on by using loan checklists (instead of software)?
Is a purchase of a property that will house an individual who will provide services for disabled people a dwelling that is HMDA reportable?
I was asked the following questions by a member of my bank's Senior Management Team. "In the event a consumer loan applicant does not own a residence, and he/she claims to not be responsible for any rent. Can a minimum housing provision (say $400) be used when calculating DTI for this customer? I have done lots of research, but so far I have not been able to find an answer one way or the other. I personally feel that it could be considered a violation, but I need to be able to reference what that violation would be?