Most Popular Lending Content
Define Simple Interest
03/15/2004
What is a concise, yet informative definition for "simple interest"?
HOEPA Rate Term 1-Year
03/15/2004
What term do I use on the rate spread calculator to figure the rate spread when the term of the loan is less than a year?
HMDA Rate Spread Calc, - But Other Security
03/15/2004
If a home improvement loan is secured by an automobile or a C.D., is a rate spread calculation required?
Commercial Loan Now HMDA Reportable
03/15/2004
We have a commercial business loan and the collateral is the owners personal residence and the purpose of the loan was working line of credit. The loan comes due this year and we will be renewing it. Is this now HMDA reportable?
HMDA Home Improv. Reportable
03/15/2004
In the past if we did not classify a loan as a home improvement loan we were not required to report it on the loan application register. Now I hear that as of January 1, 2004, all home improvement loans are to be reported regardless. Is that the case?