Most Popular Lending Content
Must an in-house appraisal reviewer be a licensed
05/26/2024
My understanding is that Fannie Mae requires that a seller/servicer have an internal appraisal reviewer that solely reviews appraisals. If so, must this individual be licensed as an appraiser?
SCRA relief on a credit card: 6% for all transactions?
05/26/2024
My bank just received an SCRA request for rate relief on a customer’s credit card line. The card normally has a 22.99% interest rate, so 6% is a big drop! How do we do it? Is it only on existing balances up to this point, or does it need to remain at 6% for all past and future transactions, until his active duty ends?
Notice of SCRA Rate Adjustment
05/26/2024
Does any regulation require an institution to send a reduced rate letter when adjusting the rate due to an SCRA claim on a loan?
Is this LOC HMDA Reportable?
05/26/2024
Does a line of credit on an improvement of a residential property need to be reported on our HMDA LAR? It will convert to permanent financing after 120 days when construction is to be completed.
Does the FFIEC APR Tool work on HELOCs?
05/19/2024
Does the FFIEC APR Calculator work for HELOCs?