Most Popular Lending Content
Items on a GFE That Are Prepaid Finance Charges
03/01/2004
Where can I find rules to determine which items on a Good Faith Estimate are prepaid finance charges?
Subprime Lending and Older Consumers
03/01/2004
In his testimony to the Senate Special Committee on Aging, Howard Beales, Director of FTC's Bureau of Consumer Protection stated that more than a quarter of subprime borrowers are 55 or older.
HMDA Revision of Definitions/Rules
03/01/2004
At a HMDA seminar last fall the speaker stated that due to the wording of the new rules for a refinance, the refinance of a 25+ acre farm will no longer be exempt from HMDA. He stated that they would probably correct it, but I haven't heard anything. Do you know if it is or is not reportable now?
Burden Relief?
03/01/2004
In the process of reviewing regulations to identify candidates for regulatory burden relief, the banking agencies have come around to the consumer protection list.
Attorney Selection Based on Who Is Paying
03/01/2004
Can a seller of a property who is paying any portion of the closing cost force the purchaser to use an attorney that they, the purchaser, don't want?