08/25/2014
What are the new amendment regulations for the SAFE ACT going forward?
06/23/2014
If we originate a reportable loan and subsequently sell it, servicing released, is it reportable on our HMDA LAR?
06/16/2014
Our bank is financing the purchase of a home. Buyers are currently renters and are now purchasing from the estate. Buyers do not have the required 20% down payment so they are entering into a second mortgage loan with the Sellers/Estate.
The initial disclosures did not mention the $30.00 mortgage recording fee for the mortgage the Buyers and Sellers will have between them.
Do we have to re-disclose because we did not list the private party loan expenses?
06/09/2014
Does the homeownership counseling notice need to be provided on open-end home equity lines of credit? This is a RESPA requirement, and our HELOCs are not subject to RESPA.
06/09/2014
Regarding the new ECOA Valuation Rule that amends the appraisal provision of ECOA's Regulation B. Would it apply to home builders? I can't find anything in the regulation that it wouldn't.
06/09/2014
We are having a debate regarding ATR and verifying employment with pay stubs. The reg states you may use third party records and the definition of a third party in the regs state a document or other record prepared or reviewed by an appropriate person. Is using the most current pay stubs acceptable as verifying employment?
06/02/2014
Where can I find a listing of escrow vs non escrow states?
06/02/2014
We have a loan where we are taking the land as collateral but NOT the mobile homes on the land. The property is in a flood zone but should we require flood insurance since we have no interest in the mobile homes?
06/02/2014
Does the new appraisal rule under the ECOA apply to Home Builders?
05/26/2014
When it comes to the rule of force placed insurance notification. Is doing a protective advance on a loan considered forced-placed?