Most Popular Lending Content
When is a Loan Maturity Notice Required?
04/23/2012
When is a loan maturity notice required? Our institution has a number of HELOCs set to mature and are wondering if there are any regulatory requirements regarding the notice?
Definition of Principal Dwelling w/Respect to HPML
04/23/2012
I'm confused on the definition of a principal dwelling with respect to HPML. I have a loan to purchase a principal residence, secured by that residence as well as the home they currently live in. Term is 3 years with a balloon, so it isn't exempt. Is the home they're purchasing considered to be their current primary residence, or would the residence they currently own and will live in until the purchase is finalized be considered their current primary residence? I'm not sure which home should fall under the HPML "test."
Cash-Out if Closing Costs Rolled in Loan Amount?
04/16/2012
On a Home Improvement loan, is it considered a cash-out if the closing costs are rolled into the loan amount?
Charge Additional Fee for 2 Family Dwelling?
04/16/2012
Can an FCU charge you an appraisal fee, and then after the check is cashed, and the appraisal is complete come back and ask for another 200.00 stating you were asked to pay more since it was a two family dwelling?
Reporting Income HMDA LAR-App Withdrawn Early
04/16/2012
How should we report income on the HMDA LAR for an application that was withdrawn by the applicant prior to our credit decision?