Most Popular Lending Content
What Fees Are Section 32 Applicable
11/29/2004
What fees are included in the Section 32 home equity loan?
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?
HUD Instructions - Where Does the Point Go
11/29/2004
When the customer pays a point to reduce his rate, where should it be listed on the HUD Settlement Statement, as an origination fee or a discount fee?
Retaining Construction Advance Documentation
11/15/2004
In commercial construction loans, once the construction is complete and you have received the Certificate of Occupancy, how long should you retain the construction advance information (photos, memos, advance request forms)?
If a Condo Association Decides Not to Rebuild ....
11/15/2004
When financing a condo unit suppose the entire building is wiped out by a flood and insurance does not cover mortgage balance. Suppose the association decides not to rebuild but to sell very valuable land. Can the mortgage holder get to customer's portion of land sale proceeds directly as a result of the mortgage?