If we have a balloon loan that is maturing, can a loan modification be done to extend that loan for another six months?
Can a child's UTMA-WI savings be used to secure the parents' loan?
We have a business loan secured by principal dwelling. The customer closed the business and we renewed the loan into a new loan, secured by the dwelling. Is this still considered a business loan, since the debt we are renewing was originally for business purpose?
For a loan on a home in which we do not escrow and the borrower pays his own real estate taxes, do we include the amount on the new Good Faith Estimate? If so, where, and where in the Reg does it say to do so?
Because of the HPML escrow requirements, our bank is just getting started with escrow. Do you have any advice for procedures and getting the system in place?