Most Popular Lending Content
Collecting Government Monitoring Information
11/15/2004
My question is in regards to Regulation B Monitoring Infomation. We are a non HMDA reporting bank. We have received mixed information concerning the collection of the monitoring information on telephone, mail and internet applications. Does the creditor need to complete the monitoring information on telephone, mail or internet applications to purchase or refinance the applicant's personal residence?
Residential Mortgage Tied to Prime Rate
11/15/2004
Have you ever heard that a bank cannot tie a 1st mortgage loan secured by a borrower's residence to Prime?
Indirect Lending Pricing Question
11/15/2004
Regarding Indirect Lending, is there a maximum mark up rate a lending institution can offer when paying out the spread over the buy rate?
APR Formula
11/15/2004
Is there an algebraic equation to calculate APR?
Related Law Firm and Mortgage Company
11/15/2004
I am an attorney in Florida. I own a mortgage company and a law firm that provides title insurance and closing services. The mortgage company refers title work to the law firm. Does this situation fall within the purview of disclosure, and if, so, exactly what charges for services have to be disclosed?