A soldier’s mother called to tell us her son joined the Army. Do we have to reduce the loan rate that day?
Does the General QM still require a 43% debt-to-income ratio.
Do the revised rules restrict prepayment penalties?
If our borrower hasn’t requested SCRA protection and is past due on her mortgage, can we start foreclosure as we normally would?
Does the revised General QM option still require use of Appendix Q?
Is redlining real? It seems to be an antiquated type of violation.
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?
Why am I concerned with the FDCPA since it applies to third party collectors?
Does the new Seasoned QM option apply to loans already in our portfolio?
Are we required to make changes in response to the new final rules?