What is a MAPR?
Where could I find a list of required initial and final loan disclosures for closed-end, 12-month construction loans?
A soldier’s mother called to tell us her son joined the Army. Do we have to reduce the loan rate that day?
I'm looking for the verbiage of the Fair Debt Collections Practices Act disclaimer a debt collector must include and when it's required as it
pertains to mortgage servicing.
If our borrower hasn’t requested SCRA protection and is past due on her mortgage, can we start foreclosure as we normally would?
The Military Lending Act does not specify if the Act applies to an open-ended Overdraft Protection line that is tied to a checking account or a closed-ended loan secured by the applicants’ deposit accounts such as a savings and/or certificate of deposit. Does the Rule apply to both consumer credit types?
Who should technically be doing a loan closing?
When and to whom must HUDs SCRA mortgage notice be sent out? We prefer to wait for the 45 day notice we already send.
We have a consumer real estate construction to permanent loan pending. Does
Our bank is looking into offering mortgages with an initial fixed rate, short term loan (5-7yrs) with a balloon payment, then financing the balloon
balance into a longer term (20yr) ARM. Can we do this without determining Ability to Repay for the initial short term portion? Also, would this be
dependent on if the bank is considered a small creditor and serves only rural or underserved areas?