Most Popular Lending Content
Any junk fees to worry about on the loan side?
04/21/2024
I keep hearing about junk fees everywhere. I work on the loan side, though, and it seems like everything is on the deposit side. Is there anything I need to be aware of for loan fees?
Is it OK to charge a monthly Returned Mail fee to customers with bad addresses?
04/17/2024
May we charge a monthly “Returned Mail” fee on our customers who have bad addresses that return mail as undeliverable?
REMA Issues and Advertising
04/14/2024
If all of a lender's marketing is targeted outside the US, aside from marketing within its "claimed" assessment area, could the lender be subject to REMA redlining review? I've read guidance that implies marketing doesn't have to be a factor for a REMA redlining exam to be conducted... • "REMA...defines who and where you serve, and as such, is different from a defined Market Area..." • "Where the lender actually marketed and provided credit, and where it could reasonably be expected to have marketed and provided credit based on its distribution of loans and applications " • Redlining analysis will look at lending and level of services in majority-minority census tracts compared to peers, among other items.
HMDA Reportable Loans?
04/14/2024
Are refinancings of second homes HMDA reportable?
How do I figure out how much Reg Z restitution is needed for an APR / Finance Charge error? It is a TRID loan too. HELP!!
04/14/2024
We messed up an APR beyond Reg Z tolerance (on a TRID loan to boot – eek!) and know we need to give the borrower restitution. But how do we figure out the right amount to give?!