Most Popular Lending Content
Top 15 Issues with HMDA
03/14/2021
If the purpose is to purchase a vacation home (personal purpose) then we would report this as a home equity HMDA loan?
Getting HMDA information on business loans
03/14/2021
Should a written application be required for all business purpose applications, including those for HMDA reportable transactions?
TRID Loans and Required Rate Cap
03/14/2021
All of our TRID loans are on a variable rate that changes monthly. I thought the required rate cap was an increase or decrease of 2% each time it changes. Now I cannot find any documentation regarding this issue. I know we have to disclose the ceiling but is the adjustment under our discretion?
Loan Purpose
03/07/2021
If the purpose is to purchase an investment property (comm'l purpose) then we don't reported at all (not to purch/refi/improve a dwelling)?
Getting all the HMDA info in the app
03/07/2021
A loan officer took an application for a dwelling secured but failed to ask what type of dwelling (site built, manufactured home, etc. Can we report NA for that field?
