Most Popular Lending Content
Are Loan Proceeds Payable To Others Rescindable?
01/17/2005
On a mortgage purchase, if we are requiring additional creditors to be paid at closing from the loan proceeds, would those funds be subject to a right of rescission?
Bridge Loans and Rescission
01/17/2005
We have a first lien for the construction of a new home and a second on their existing home. Is the loan, by virtue of the second lien used to purchase dirt and build the new home, rescindable?
Payment Deferrals on a Mortgage Loan
01/17/2005
Is it possible for a customer to skip/defer a payment on a real estate loan? I thought there was some kind of regulation that prevented this.
Adverse Actions and the FTC's Address
01/17/2005
What is the proper mailing address for the Federal Trade Commission for an adverse action notice?
Collecting GMI on a Construction Loan
01/17/2005
Can you collect the government monitoring information on a construction loan application? Our construction department uses the regular 1003 form, but I thought you could not collect this information for construction loans.