Most Popular Lending Content
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.
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?
What is “Abusive,” technically?
05/19/2024
In terms of UDAAP, what makes something “Abusive”?