Most Popular Lending Content
HMDA Rate Spread Reporting
08/02/2004
We have a loan that is not HOEPA applicable. Do we still have to calculate the rate spread? If so, what additional disclosures are required if the spread exceeds 3 percentage points for a first lien?
Occupancy on LAR, 2nd Home
08/02/2004
When a mortgage is for a second residence, how would someone mark that on the HMDA Loan Application Register under the occupancy code?
Efficient Residential Lending -- TransUnion
08/02/2004
How can residential lenders easily expand their lending footprint and borrower reach while maintaining cost control and efficiency?
HMDA Rate Spread Determination Dates
08/02/2004
For a HMDA rate spread date, what do you use if you do not use a lock-in agreement, would it be up to the bank to spell out what they will use consistently?
Cooperative UCC Filing- Continuation
08/02/2004
The filing period of a financing statement is 5 years and one of the exceptions is "Cooperative Filing - effective 50 years." For example, if we (the bank) had granted a 15-year co-op mortgage loan to the customer several years ago and filed a UCC-1 on the unit at that time, would this UCC filing be effective for 50 years and would we not have to file a continuation every five years?