Must all borrowers agree to rescind a loan or can one or the other rescind alone? Let's assume all borrowers live in the home and are on the deed.
Will a re-disclosure apply with a three day rescission if the loan is signed on Friday, funded on the following Wednesday, but the rate changes during the week of funding?
I am doing a purchase money HELOC. Can I collect government monitoring info, since home equities are not HMDA reportable?
We have our customers sign a separate agreement to provide an insurance notice at loan closing. In what regulation is the agreement to provide insurance included?
We have a construction loan to a corporation for the purpose of building a SFR for income purposes. Due to the current economy, the home has not sold. It is currently rented and listed for sale. We are working to convert the construction loan to a three-year mini perm loan, giving the borrower additional time to market and sell subject property. Is the three year mini perm loan HMDA reportable?