Most Popular Lending Content
HMDA Code for Race
06/20/2005
For a loan to a hispanic, what code do we use as race?
Signing the HUD-1?
06/20/2005
Is it required for the Closing Agent to sign the HUD? As a lender, we verify each line item including signatures, for accuracy, and I am running into a real problem with a couple of Title Agencies not signing the HUD. Needless to say they are not pleased when I request them to do so.
Cross-collateral clause and rescission
06/20/2005
On a commercial loan, we took the borrower's residence as collateral. The deed of trust included a cross-collateralization clause. Recently, we did an auto loan to the same customer. Are we in fact required to give a right of recission to this borrower even though the deed of trust was not actually referred to on the auto loan?
Does Line X on the GFE and HUD-1 Have to Match
06/20/2005
How important is it to match the line numbers on a HUD-1 and Good Faith Estimate? Is it a critical issue to have them synchronized as best as can be done in the application process?
Is this a consumer credit?
06/20/2005
I’m reviewing a loan, it is under a business name, but the loan purpose is strictly personal. We have a rental home as collateral. The term is 10 years. Do I treat this as a business loan or do I search for RESPA and Reg. Z disclosures?