01/26/2020
This question has come up before but I have not seen a clear answer. If the application is NOT taken face to face, how should the collection method
questions be answered for HMDA? Code 3 (NA) is only supposed to be for applications where the requirement to report the data does not apply to the
covered loan.
We would use code 3 on applications where it is an entity. Code 2 (not based on visual observation) would be the only choice that would make sense.
What are your thoughts?
04/28/2019
If an applicant chooses not to provide the borrower demographic data do we still collect it based on visual observation and surname?
04/21/2019
How many borrowers can apply using a single Uniform Residential Mortgage Loan Application?
04/07/2019
Are we required to use the Lender Information Form?
03/03/2019
Can we continue to use the old four-page uniform application with the demographic information addendum or must we convert to the new eight-page form.?
02/03/2019
What is the mandatory compliance date for the new uniform residential mortgage loan application?
01/06/2019
Are we required to use the new uniform residential mortgage loan application?
12/09/2018
If an early Closing Disclosure has been issued and the borrower now wants to add a co-borrower, what are the compliance issues that need to be reviewed?
Under Reg Z, is there a new 7 day waiting period to close due to a 'new' application' with the co borrower?
Do we go off of the date of application of the 'co borrower' or the original primary borrower application?
This is not technically a changed circumstance, but if no fees are increased that break tolerances, nor a program change, is there an issue?
08/12/2018
I have an entity assuming the debt of another to purchase a residential property. Since the loan will be secured by a first lien on a residential dwelling, will I need a new business loan application for the new borrower? Our original business loan application specifies the original borrower.
01/14/2018
Does the rate spread under HMDA Reg C apply to construction loans for residential 1-4 family?
