Most Popular Lending Content
HOEPA Rate Spread Selection
08/02/2004
If we are making a closed-end home equity loan and this will be a first lien on the property, do we consider this a first lien and base the APR test on 8% or would this fall under the 10% for second liens? This is unclear to me as our rates and terms are different for refinance vs. home equity loans.
Conflicting Rules
08/01/2004
Question: When one office of a regulator says one thing and another office in the same regulator says something that conflicts, what do we do?
Preparing for the FACT Act: A To-Do List (Activity List)
08/01/2004
During the next six to ten months, the FACT Act provisions will continue to take effect.
Short Term Loan
08/01/2004
Question: If we are making a temporary loan, such as a bridge loan, is it subject to rescission?
FTC Study on Credit Scores
07/01/2004
The FTC has solicited comments on its study of the effect of credit scores on the availability of insurance and credit products.