Most Popular Lending Content
Fair Lending Enforcement: Something Old, Something New (7 Action Steps)
12/01/2004
The U.S. Department of Justice is working hard at fair lending enforcement. This is not a concern that has faded into the background. Quite the opposite is true.
CRA: The OTS Proposal
12/01/2004
When the agencies issued the current version of the CRA regulation, they agreed to revisit the rule in five years. That is about all that they currently agree on.
Looking Out and Looking In
12/01/2004
Since their invention or evolution, banks have been designed for protection and security. Those who manage financial institutions are protectors.
Fair and Accurate Credit Transactions Act (2 page chart)
12/01/2004
The FACT Act has been the compliance challenge of 2004 – along with a few other things such as Bank Secrecy, fair lending, and information security.
Rescission on Bridge Loans
11/29/2004
When providing a lot loan and construction financing, often we require a lien on the borrower's existing residence as additional collateral. Since the purpose of the loan is to purchase/construct a new home, is the loan subject to the 3 day rescission requirement due to the collateral lien on the old home?