Most Popular Lending Content
What is Temporary Financing
09/20/2004
Under the new HMDA revisions, is there a good definition of "temporary financing"?
Interest During Rescission
09/20/2004
On a Freddie Mac refinance of a primary residence where there is the right of rescission; if the loan closes near the end of the month, and the rescission period goes into the next month, (closes 4/28/04 and the rescission date is 5/2/04) is it correct that the customer can only be charged interest from the rescission date (5/2/04) and not the closing or note date? Therefore, the customer would be charged interim interest from 5/2/04 to 6/1/04 and the first payment date would be 7/1/04 due to the fact that all Freddie Mac loans have payments due on the first of the month. Is this correct?
Educational Requirements for Compliance Officer
09/09/2004
Would you say a bachelor's degree would be a minimum requirement for one seeking a position as a compliance officer?
GMI Regardless of Lien Position
09/06/2004
Do we collect government monitoring information on a home equity loan, regardless of lien position?
Efficiently Documenting Collateral - TREEV
09/06/2004
Our bank has many commercial customers who secure several loans with the same collateral - such as large value properties. Today we make multiple copies of critical documents and store them separately with each loan. Is there a way to simplify the process so we don't need to make multiple copies? Also, how can we be sure that we have the most recent appraisals and insurance information without having to manually research each loan secured by that collateral?