Most Popular Lending Content
Do We Disclose if We Charge Back a HELOC Check?
10/25/2004
If a credit card or HELOC account isn't subject to Check 21 but a check drawn on these accounts can become a substitute check, do we have to make a consumer awareness disclosure if one of these checks bounces?
Showing/Calculating Escrows for a Good Faith
10/18/2004
During a RESPA phone seminar, we were told that we need to include escrow reserves on the Good Faith if we know the customer wants to escrow his taxes and insurance. Taxes are not hard, we can easily figure when those are due. Insurance on a refinance is different. What do we put on the good faith if we have no idea when their insurance is due?
Government Monitoring Information
10/18/2004
When is the government monitoring information not required?
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.