Most Popular Lending Content
Pursuing Deficiency Judgment Even After Partial Satisfaction Of The Obligation
02/03/2003
As a secured party, if I collect partial satisfaction of an obligation, may I still pursue a deficiency judgment?
What types of variable rate real estate loans are exempt from ARM disclosures?
02/02/2003
What type(s) of variable rate R/E loan (s) exempt from ARM disclosures?
Does HMDA apply when the loan purpose is for a down payment on a home but the collateral offered is a car?
02/02/2003
Does HMDA apply when the loan purpose is for a down payment on a home, however the collateral offered is a car? It's my understanding that the loan purpose must be for the purchase of a home AND the loan must be secured by the home being purchased or another dwelling. If the car is the only collateral, HMDA does not apply ?
Changing Loan Terms, RESPA, and Reg Z
02/02/2003
If we lower the interest rate and change the note from a fixed rate to a variable rate mortgage, do RESPA and Reg Z apply? Does it matter if the collateral is a primary dwelling or just a second home?
Nursing Home Resident, Home Loan & Right Of Rescission
02/02/2003
Our customer now lives in nursing home and owes the nursing home for care. Our bank is making the customer a loan with her former home as collateral until the home can be sold to perspective buyer. The customer has granted a power of attorney to a third party. Is the Right of Rescission applicable since the customer no longer lives in the home?