Most Popular Lending Content
Aggregated and Disaggregated Data
06/21/2020
If an applicant chooses not to provide the borrower demographic data do we still collect it based on visual observation and surname?
Is a PMI Disclosure Required for 2nd Homes?
06/21/2020
Is a PMI Disclosure Required for 2nd Homes?
Title & Real Estate Settlement Co- Market Services
06/21/2020
Can I hire my brother who is in the mortgage industry, to refer business for a newly formed title settlement company? Can a title and real estate settlement company market services together? Does that person have to be a partner or employee of the business to not violate RESPA?
AAN? We don’t make those loans.
06/21/2020
During the PPP loan programs we had many requests, but we were not participating? These are commercial requests and would be subject to Reg B. Were adverse action notices required?
7 Bedroom Home- Multi or Individual Dwelling?
06/14/2020
We have originated a loan for a 7 bedroom group home for disabled individuals where nursing staff is provided in the home. The property is setup as a 7 bedroom unit with shared living spaces (kitchen, living room, bathroom, etc). Would this be considered multi-family? Or do the units need to be fully functioning (include kitchen and bathroom) to be considered an individual dwelling unit?
