Most Popular Lending Content
It's Beginning to Look a Lot Like HMDA
11/01/2004
It's time. The Christmas or seasonal decorations have gone up and that means that HMDA reporting is just around the corner. You need to get two important projects going.
Delivery of ARM Disclosures
11/01/2004
I recently went to my local broker organization, and they told me that it was a requirement to have an ARM disclosure, specific to the ARM loan that is applied for, at the time of application. I always put the ARM info into the TIL, and give out the CHARM booklet, but I do not have another ARM disclosure. The lenders always provide this at closing. Do I need one for my files at the time of application?
Signatures: How to Document Signatures (5 Action Steps)
11/01/2004
With the Federal Reserve's most recent attempt to clarify the signature rules of Regulation B, the debates about compliance and proof of compliance are running rampant.
Enforcement, Anyone?
11/01/2004
OCC has updated its standards for mandatory enforcement actions. The big four are BSA, ECOA, Fair Housing and Flood.
Are Inspection Fees Finance Charges
11/01/2004
On an interim construction loan for a home, if we charge an inspection fee and collect it up front, do we disclose this as a finance charge and affect the APR?