Most Popular Lending Content
Community Banks Outperform In Services To Underserved
03/01/2003
Several studies by the Woodstock Institute underscore an important role community development banks play in the financial institutions industry: serving the "underserved."
COMPLIANCE CALENDAR
03/01/2003
MARCH
Data Collection: It's an Idea Past Its Prime
03/01/2003
The Federal Reserve has spoken. Monitoring data may only be collected under controlled circumstances and for purposes of self-analysis.
Calculating Flood Insurance
02/17/2003
We have a customer who purchased property located in the Flood Plain. A Church was built in the middle of the property. A survey of the property has been prepared and the customer is in the process of filing a application for Loan to take this structure out. There are other structures on the property if the Church structure is taken out, do we just need to get flood insurance for the value of the other structures? If their value is less than our loan amount, how much coverage is required? The value of the other structures or the loan amount?
Exceptions to Rewriting, Extending, or Re-Aging Consumer Loans
02/17/2003
Consumer loans cannot be re-aged, extended, or rewritten more than 2 times over 60 months. How can a bank dealing with this issue if a loan has had 2 extensions in the last 60 months and the borrower experiences difficulties such as medical emergencies, job changes, etc.?