Most Popular Lending Content
Lender Credits on California Loans
05/26/2019
This question pertains to lender credits on California loans. We have an SB2 charge from title on all refi's which is always estimated at the max fee of $225.00. This doesn't get updated until after closing when majority of the time it is lowered to $75.00. If the lender discloses a credit for this fee upfront at $225, can the lender credit be reduced if/when the fee is reduced at closing (after funding)?
Third Party Reviews
05/26/2019
Can a third-party conduct the policy review?
‘Final credit decision’ under HMDA?
05/26/2019
What is a final credit decision for HMDA, after which a customer’s wish to not proceed with the application is not reported as withdrawn?
Joint Owners Signatures on Security Agreement
05/26/2019
For loans secured by savings or CD's, can just one of the joint owners sign the security agreement (if the account is owned by John "or" Jane), or must all joint owners sign?
Percentage of Loan Amount that Triggers Rescission
05/26/2019
We have a refinance loan by the same lender and the consumer is getting a small amount back. Is there a percentage of the loan amount that triggers a rescission?
