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?
When is a new homeowners policy needed?
11/05/2023
Do you have to obtain a new hazard insurance policy at loan renewal?
SCRA Rates and Limit Increases
11/05/2023
I have a member who has a credit card with us. He recently notified us that he is now active duty. I know what our responsibility is regarding the interest rate under SCRA because this is a pre-service obligation. He now wants a limit increase of several thousand dollars on his credit card. Must we give him 6% on that portion?
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?