RESPA promises to be one of the looming nightmares of the immediate future. Put together with fair lending, RESPA enforcement concepts could severely restrict the mortgage business.
You have two months to get your HMDA report entered, checked, corrected, and sent in. And that's on top of all the Y2K activities.
by Dana Turner
Question: Our examiner told us that when we are making a mortgage loan that is in a second lien position, our Good Faith Estimate and the HUD-1A should include the cost of items such as haza