Most Popular Lending Content
Effect of Fees on a Modification Disclosure
09/10/2023
If we are charging a modification or change in terms fee, and call it an administrative fee on a consumer dwelling secured loan, and the LOS prints and customer signs the document, I understand that this is allowed because the modification is not considered a refinancing under Reg Z. However, I am being asked how charging a fee payable to the bank does not affect the APR and require new disclosures?
Document expiration dates
09/10/2023
Why would a financial institution track expiration dates for loan documents?
DTI for loans to entities
09/10/2023
For loans to entities (LLC, Corporation, Trust, etc), if the lender calculated a DTI (along with a DSC - debt service coverage ratio), do we report the DTI for HMDA?
Demographics
09/10/2023
A loan was originated that began with an individual borrower but closed in the name of an entity. We initially collected GMI on the individual and reported it as such. Is this acceptable for HMDA?
Differences between Co-maker and Joint Owner
09/10/2023
What is the difference between a co maker and a joint owner on a automobile loan?