Most Popular Lending Content
FRB Appoints New Director
04/01/2004
A significant change has taken place at the Federal Reserve Board.
HUD Fair Housing Grants
04/01/2004
HUD has awarded 121 fair housing grants that total $17.6 million. These grants are part of the Fair Housing Initiatives Program.
HMDA Home Improv. Reportable
03/15/2004
In the past if we did not classify a loan as a home improvement loan we were not required to report it on the loan application register. Now I hear that as of January 1, 2004, all home improvement loans are to be reported regardless. Is that the case?
RESPA on a Home-Farm Loan
03/15/2004
We are considering financing a home construction/perm loan on a farm site with an existing home and farm buildings. Would this fall under RESPA or could we consider this as a farm or business and by-pass RESPA requirements. We already have an existing mortgage on 1,280 acres that includes this site. The borrowers are actively engaged in farming and this is there place of business.
APR Calculation on a Demand Loan
03/15/2004
How do you calculate the APR on demand loans?