Is there any law or regulation that would prevent a Bank from accepting only interest on a mortgage loan for a monthly payment and then attaching the additional amount due to the end of the loan term?
We have a customer who has applied for a home loan but does not qualify because ofher credit history. Her brother has offered to help her by guaranteeing her loan. the loan officerwould feel better if he was co-borrower. What are the legal differences between a guarantor andco-borrower when it comes to trying to collect on a debt? and will there be a fair lending problemif we deny this loan because we insist on a co-borrower?
Help! We just crossed the magic threshold of having 50 employees. I am told this makes us subject to the affirmative action laws and requirements. Are there some common mistakes that companies typically make in the affirmative action area? We don't want to get nailed.
MarchMarch 9 is the due date for comments on the Federal Reserve Board's proposal to amend Regulation C, HMDA, to increase the information reported on the LAR.