HMDA: If a borrower says he does do not want to provide information at the time of initial application, but then they complete the GMI information on the 1003 at closing, what information is reported on HMDA? The updated information or the original information provided by the applicant?
Is the Housing Counseling Notice required for mobile home loans when the loan is only secured by the mobile home itself, not the land it will be situated on?
We recently found a fee that was charged to a borrower and needs to be cured. The closing has already happened and we charged too much. Could you tell me the proper steps on how to cure a loan post consummation and where do we place the cured amount on the cd?
We have a real estate loan (1st lien) that was past due by 90 days. The bank requested a title search on the property during the time the loan was past due. The customer has since brought in a check to pay the loan current so they are no longer past due at this time. Are we able to charge the customer the fee for the title search?
A borrower verbally requests to cancel their PMI. All guidance states that these requests must be submitted in writing. If there is no record of written request, would this be a violation or a noted exception to internal policy and procedures?