Most Popular Lending Content
What Percentage of Banks Use Their Core System to Track Exceptions?
04/21/2014
What % of banks still use their core system to track exceptions?
Sample of Right to Receive Copy of Appraisal Form
04/21/2014
Where may I obtain a sample of the Right to Receive a Copy of Appraisal form, or at least the recommended language please?
ROR Required When Advancing Funds to Pay Debt?
04/21/2014
Is the Right of Rescission required when refinancing a real estate loan secured by 160 acre farm, and advancing funds to pay off credit card debt once loan originated?
Reg O and Rule On Only One 1st Lien At A Time
04/21/2014
We have an executive officer that currently has a 1st lien mortgage and a home equity on the same property. He also wants to purchase a lot to build a new house, this lot loan would become financed into one construction perm loan. He will eventually move into this home once the other is sold. Is this possible under Reg-O or would it be best to have this individual finance the construction of his new home at another institution? I am worried about the rule of only having one 1st lien at a time, even though this will be temporary.
CBC Credit Bureaus Fees Passed On To GFE
04/21/2014
I noticed on invoices on CBC credit bureaus the company is charging additional fees besides the cost of running the credit bureau. The fees include items like a $9 charge to update credit bureau records. $55 charge for something called 3 system residential mortgage. The bank passes these costs on to the customer on the GFE as credit bureau fees when the actual cost of the running the bureau is ~ $20.90. Should the bank be passing the extra charges from CBC on to the customers which do not appear to be costs of the actual bureau? No other credit bureau service appears to be adding charges to their bills.