09/23/2013
In a market with rising consumer interest rates and resulting decrease in refinancing, how can retail bankers maintain or even still increase their loan production?
09/03/2012
If we put an on-hold message on our phones that mentions we have competitive rates for refinancing home purchase, do we need to say Equal Housing lender after each message?
09/07/2009
I work for a commercial real estate servicing company. We received a check from a borrower as a good faith deposit for a refinance, however, he did not give us verbal authorization to cash the check. Do we have to legally honor this request or can we move forward with cashing the check?
04/16/2007
Regarding FACTA Notice to Home Loan Applicant, if the bank does not pull a new credit report on a request to refinance an existing mortgage (or consumer loan secured by a 1-4 family residental property) do we need to issue the Notice to Home Applicant?
04/16/2007
When doing a renewal, with or without new money, either a term loan or line of credit and the original purpose was either purchase, refinance or home improvement secured by dwelling is it HMDA reportable? The customer is going to sign a new Promissory Note but the account number and the note number is going to be the same.
08/01/2005
A new type of scam that targets properties in distress has been identified in several states where pricing "bubbles" mean house prices have surpassed many people's ability to keep up with house pay
07/01/2005
Bankruptcy reform, which was 8 years in the making and vetoed by President Clinton, finally became a reality April 20 when President Bush provided his signature to a new bankruptcy law.
06/06/2005
Can I offer a client a gift certificate of up to $500 good at the business they work at, for refinancing with my company?
08/01/2002
HUD has published a proposal to make significant changes to the Good Faith Estimate that lenders issue within three days of taking an application. HUD calls this a "simplification" of the GFE.
01/01/2002
- It is estimated that this year Americans will use $80 billion in equity from their homes by refinancing. Fannie Mae, U. S. News & World Report, Nov.19, 2001, p40
