Most Popular Lending Content
PMI at Closing - Prepaid FC?
02/21/2005
Is mortgage protection insurance that is paid into an escrow account at closing considered a prepaid finance charge for calculating the APR?
Capitalizing Interest on Loan Renewal
02/21/2005
I need to know if there is a regulation that deals with capitalized interest on renewed loans.
Must We Recertify Flood Status Every Seven Years?
02/21/2005
If I have a life-of-loan flood certification, do I need to recertify every seven years?
Late Charges and Escrow Analysis
02/21/2005
We have a customer who is paying regularly, but late. Can we pay the late charges on the loan from the escrow account there for taxes and insurance?
Contacting Borrower in "Cure" Period
02/21/2005
Can you contact a delinquent borrower during the twenty-day period after you've provided them with a "Notice to Cure Default"? I've been a lender for 24 years and was trained that the lender could not initiate any contact during the cure period, but could respond if the debtor called. We have a difference of opinion at our bank.