Most Popular Lending Content
Understanding the Cost of Fee Income
04/01/2005
There is a common denominator to the leading issues on the compliance front burner. The issues are all point generated by concerns that consumers may not be treated fairly.
Certificate of Non-Cancellation - Mary Beth Guard and John Burnett
03/28/2005
Certificate of Non-Cancellation
Answer by Mary Beth Guard and John Burnett, BOL Gurus
Guru BIOS
Seller-Paid Costs and Truth in Lending
03/21/2005
Could you address the issue of seller-paid closing costs and TIL disclosure? I believe you have to disclose the costs to the buyer (borrower) on the TIL regardless of who pays the costs. There is some discussion that you can net them from the TIL disclosure. I cannot find any commentary with regard to "seller-paid costs."
Refund of Rate Lock Fee - POC?
03/21/2005
The rate lock-in fee payable to us and collected up-front by our affiliate bank is shown as POC on the HUD-1 at the construction perm closing. Do we need to show it as POC again on the HUD-1 at modification, since this is when the borrower will receive a refund of this fee in a check?
Flood Checks on Every Mortgage Loan?
03/21/2005
Is a flood certification required for all mortgage loans in any area?