Most Popular Lending Content
Fair Housing Complaints
04/01/2004
During HUD's fiscal year 2003, HUD received more than 8,000 housing discrimination complaints. Most of the complaints involved discrimination based on race or disability.
FRB Appoints New Director
04/01/2004
A significant change has taken place at the Federal Reserve Board.
Commercial Loan Now HMDA Reportable
03/15/2004
We have a commercial business loan and the collateral is the owners personal residence and the purpose of the loan was working line of credit. The loan comes due this year and we will be renewing it. Is this now HMDA reportable?
HMDA Home Improv. Reportable
03/15/2004
In the past if we did not classify a loan as a home improvement loan we were not required to report it on the loan application register. Now I hear that as of January 1, 2004, all home improvement loans are to be reported regardless. Is that the case?
RESPA on a Home-Farm Loan
03/15/2004
We are considering financing a home construction/perm loan on a farm site with an existing home and farm buildings. Would this fall under RESPA or could we consider this as a farm or business and by-pass RESPA requirements. We already have an existing mortgage on 1,280 acres that includes this site. The borrowers are actively engaged in farming and this is there place of business.