Most Popular Lending Content
Balloon Loan Disclosures
10/18/2004
What law or regulation addresses the balloon notice requirement for mortgage loans? Is it a state law requirement?
Signing a HUD-1/1A
10/18/2004
Do you know if there is a regulation or law that requires the HUD-1 to be signed by the title officer? If not what is the reasoning behind having this signature on the document? We were cited by the examiners for not having this.
HMDA MSA Boundaries - Mary Beth Guard
10/11/2004
HMDA MSA Boundaries
Answer by Mary Beth Guard, BOL Guru
Guru BIOS
Requirements on Short-Term Construction Loans
10/04/2004
If the bank agrees to fund a construction loan for 1-4 residential real estate without offering in-house permanent financing approval or having a permanent commitment from a mortgage broker, does RESPA require a GFE within the context of the 2-year temporary financing rule?
Place of Settlement on a HUD-1/1A
10/04/2004
On a HUD-1 Settlement Statement, under Place of Settlement, it is my understanding that the address should be for the actual place that the closing docs are signed and not the address from where the funds are disbursed. Is this correct?