Most Popular Lending Content
When Is This An Application
08/16/2004
If a lender takes only basic inquiry information so it can review a credit bureau report, and later takes an application for a mortgage loan, is the date of application the date we pulled the credit report, or the date we got the complete application?
APR and Finance Charge Tolerance
08/16/2004
The Finance Charge rule is that if it is understated by $100 or less or if it is overstated it is deemed accurate. I have recently ran into situations where some companies are using a $35 tolerance. Has the finance charge rule changed?
Flood Determination, New Loan - Existing Mortgage
08/16/2004
What is needed regarding a flood determination when a new loan is made, and the security on the loan is a previous, still existing, real estate mortgage on a home?
HUD 1/1A and Privacy
08/16/2004
Does disclosing a service provider as a "borrower" or "customer of the bank" on the HUD 1 present a privacy issue? It just doesn't seem right. If they are both a frequently used servicer and a customer must we list both?
Does RESPA Apply
08/16/2004
Does RESPA apply if the grantor of a dwelling is not a borrower on the note?