Most Popular Lending Content
Tracking Letters of Credit that Auto-Renew
03/14/2021
What are some best practices for tracking auto-renewal letters of credit?
Top 15 Issues with HMDA
03/14/2021
If the purpose is to purchase a vacation home (personal purpose) then we would report this as a home equity HMDA loan?
Getting HMDA information on business loans
03/14/2021
Should a written application be required for all business purpose applications, including those for HMDA reportable transactions?
TRID Loans and Required Rate Cap
03/14/2021
All of our TRID loans are on a variable rate that changes monthly. I thought the required rate cap was an increase or decrease of 2% each time it changes. Now I cannot find any documentation regarding this issue. I know we have to disclose the ceiling but is the adjustment under our discretion?
Loan Estimate not Sent to Borrower
03/07/2021
intent to proceed prohibits charging fees other than for credit report before the Loan Estimate is provided and the applicant's intent to proceed has been confirmed and documented. If due to a technical issue which we discovered post closing the Loan Estimate was never sent to the borrower, is the lender obligated to refund all closing fees based on the Intent to proceed rule?
