How many borrowers can apply using a single Uniform Residential Mortgage Loan Application?
We have a HELOC originated in 2008 that moved into the repayment phase in May 2018. The initial rate was WSJ prime and remains at WSJ prime (no margin) throughout the repayment phase. The loan has a interest floor of 3.75 percent so the rate has been set at that since May 2018. Since there is no set change date to enter in our system the CFPB ARM notice will not generate to give advance notice if the rate increases. Are we required to provide the ARM notice, and if so are these circumstances that allow the notice to go after the fact?
Is there any standard format to send notice of a change in terms for credit cards?
Is a PMI Disclosure Required for 2nd Homes?
Can I hire my brother who is in the mortgage industry, to refer business for a newly formed title settlement company? Can a title and real estate settlement company market services together? Does that person have to be a partner or employee of the business to not violate RESPA?