Most Popular Lending Content
Fee for Desktop Underwriter
04/04/2005
Our bank submits mortgage loans to Fannie Mae's Desktop Underwriter for approval, and is charged a submission fee. On our HUD-1 forms, we charge a processing fee, of which a portion offsets the DU submission fee. My questions are: 1. Do we need to list the DU submission fee separately on the HUD-1? 2. Do we need to classify the DU submission fee as a finance charge?
HMDA Advice From the FRB
04/01/2005
When HMDA advice comes from the Federal Reserve, it is worth paying attention.
Risk Analysis: Identity Theft Alerts
04/01/2005
Identity theft and fraud alerts will affect almost every job in the institution, in one way or another.
FDIC Enters Preemption Arena
04/01/2005
With states eager to regulate lending activities, set rates, and eradicate predatory lending, the state-chartered banks have turned to the FDIC for help.
Understanding the Cost of Fee Income
04/01/2005
There is a common denominator to the leading issues on the compliance front burner. The issues are all point generated by concerns that consumers may not be treated fairly.