Latest Lending - Credit Scoring Topics

Credit Scoring and Fair Lending

02/16/2004

Are there potential fair lending issues if we use credit scoring for dealer paper credit decisions and pricing, when all of our other traditional loan products use other criteria?

FACTA and Credit Scores

01/01/2004

Over the past decade, there has been much discussion about credit scores, what they mean and how they are used.

Lending Policies Using Credit Scoring

04/21/2003

Do you have suggestions for resources in developing bank lending policies which utilize credit scoring on consumer loans?

Disqualifying Loans Based On Prior Bankruptcy

09/02/2002

Is there any requirement that prevents a creditor from using an automatic "flag" for credit scoring that would deny an applicant whose credit history reveals a bankruptcy? Does it matter that the bankruptcy has been discharged or that a substantial amount of time has passed?

Collection: Behavioral Scorecard For Delinquent Accounts

05/06/2002

Our institution wants to develop a behavioral scorecard for delinquent accounts for collection purposes. The only information I can find regarding scorecards and fair lending deals with evaluating creditworthiness in making the initial loan decision. Is there any information about reevaluating credit once it has gone bad? They want to use age as an attribute. Do I need to be concerned?

Credit Scoring, High Rates and FCRA

11/12/2001

by Mary Beth Guard

Fair Lending, ECOA et al.

01/01/2000

Fair lending has reared its head more than once in the 1900's and promises to be a front burner topic in the coming decade. In the 1990's, fair lending enforcement has reached an all time high.

Fair Lending Update: Status of Examinations

10/01/1998

by Pat Patrick, Banc One National Regulatory Compliance Division

The Latest Moves from DOJ

10/01/1998

If you are hoping that the Department of Justice's interest in fair lending enforcement is fading, you are headed for disappointment.

Facing The Millennium

08/01/1997

The Year 2000 is bringing some potentially serious problems for anything based on, using, or run by a computer.

Obtaining a Tax Transcript to Verify Income

03/02/2025

What is the procedure for getting a 4506-T (Tax Transcript) on behalf of a client?

Reporting Income for CRA

02/23/2025

When reviewing purchased loans for CRA that are business purpose loans, can we use the revenue listed on the Loan Summary page to determine revenue if there is nothing else in the file that show the business income?

Interpreting HMDA definitions

02/23/2025

We are in the middle of HMDA verification for filing and have had some questions arise we cannot seem to find a clear answer to: 1. We have a loan that was made to pay down the primary residence portion of another existing loan with our institution and the collateral was released, but the existing loan remains open with security now of cattle, a cattle trailer, and vacant land. Under HMDA, a refinance is defined as the satisfaction of an existing loan, but is there guidance for whether "satisfaction" is only full payoff of the existing loan or can this be interpreted to also include satisfying the portion of the loan that was dwelling secured? 2. We have a loan that is secured by a dwelling. Currently we are reporting as one unit but looking at the appraisal, the property also has a living space over the garage that includes a living room, bedroom, and bathroom. Our HMDA team is of the opinion that because there is not a kitchen it is not considered a dwelling but we cannot seem to find guidance that would specify what components would constitute a "dwelling" under Regulation C other than a "residential structure". Is this interpretation correct?

Policy exception tracking systems

02/23/2025

How do financial institutions track policy exceptions?

Commercial credit analysis teams

02/16/2025

What is a commercial credit team?

Latest Lending - Credit Scoring Topics

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