Most Popular Lending Content
Reg Z Section 32 Clarification Sought
02/07/2005
What is the actual rule about Section 32 Reg Z predatory lending? Does it only include all fees charged to the borrower, or does it also include any yield spread premium paid by the lender to the broker?
Is This an Illegal Kickback?
02/07/2005
Our bank is considering offering the following promotion to homebuilders that work with us. The program would work as follows: We make a "spec" loan to the builder and charge a $500 origination fee to the builder. Our promotion would state that if we get the permanent loan to the buyer (consumer) of that home, we would refund to the builder $250 of the $500 fee the builder paid to the bank. Is that an illegal kickback?
Predatory Lending: OCC Issues New Guidelines
02/01/2005
Following the old advice of something old, something new, the OCC has issued guidelines on establishing standards for national banks on mortgage lending.
COMPLIANCE CALENDAR
02/01/2005
MARCH
Affiliated Business Arrangement
02/01/2005
Question: I need some guidance on an affiliated business arrangement. We have an employee who is a SVP and Chief Credit Officer and is also over our Mortgage Lending Department.