Most Popular Lending Content
Military Status and Foreclosure
11/05/2023
If our borrower hasn’t requested SCRA protection and is past due on her mortgage, can we start foreclosure as we normally would?
Comprehensive HMDA training
11/05/2023
Could you benefit from a comprehensive HMDA training course to ensure your data is ready for submission?
Loss Mitigation Notices
10/29/2023
We have determined that it is appropriate to inform our borrowers of HELOCs nearing maturity about the availability of loss mitigation options. These borrowers are typically not past due, but we follow 1024.39 - Early intervention requirements for 180-day and 120-day timing for live contact and Written Notice. Is the Written Notice required to include all 5 items (1024.39(b)(2)) even though the borrower is not past due?
Proof of Earnest Money Payment
10/29/2023
Would there be any compliance requirements to collect a receipt or a copy of a check for earnest money for purchase transactions, or would this be a secondary market requirement?
Social Media and Ad Disclosures
10/29/2023
Posts on the bank's social media (Facebook) that mention "our residential lending team" but include no mention of rates, terms, etc., do we need to include our NMLS number and EHL logos?