Latest Lending - Estate Topics

Automatic Stay Equals Stop Sign

01/15/2001

One of your loan customers has been in default for months. You have given all the proper notices and have been trying to locate your collateral, vending machines and other office equipment for over sixty days. A former employee has just informed you of the location of a warehouse which contains the equipment. You make arrangements with the owner of the building to pick up you collateral. Today the bank received notice of your customer's bankruptcy which was filed last week. You want to retrieve the equipment and hold it for the trustee. Is this action permitted under the Bankruptcy Code?

About Merchant Banking

01/15/2001

Am I the only one out here who doesn't know what this "merchant banking" thing is all about? I saw that the Federal Reserve and the Treasury Department have issued a final rule on merchant banking activities of financial holding companies. [Click <a href="http://www.federalreserve.gov/boarddocs/press/BoardActs/2001/20010110/DEFAULT.HTM"><strong>here</strong></a> to access the press release and final rule.]

RESPA

01/01/2000

RESPA promises to be one of the looming nightmares of the immediate future. Put together with fair lending, RESPA enforcement concepts could severely restrict the mortgage business.

LENDING: Revised Article 9

01/01/2000

Part 1 - General Provisions

Article 9 links/Revised Article 9 Links

01/01/2000

Articles
Why Was Your Article 9 Filing Rejected?

FDIC Installs Case Managers

07/01/1997

To improve communications between banks and the agency, the FDIC is establishing a case manager system.

Proposal To Update Regulation Z Commentary

12/01/1996

In keeping with its annual schedule for updating the Regulation Z commentary, the Federal Reserve Board has proposed revisions to the commentary.

Fair Lending Emerging Issues

12/01/1996

Managing a compliance program for fair lending has always been difficult because so much of fair lending turns on the fact situation and how it is viewed.

Tools, Tools, Tools

12/01/1996

If compliance specialists got a nickel for each time they answered a question on what loans are covered by which regulations or rules, we'd all be in a higher tax bracket.

Revisiting Disclosures of the Cost of Credit

03/01/1996

After more than a quarter century of disclosing the costs of credit, there is movement toward re-evaluating the methods used to disclose costs in the Truth in Lending and Real Estate Settlement Pro

Multiple steps to resolve exceptions

03/03/2024

Why does resolving an exception usually involve multiple steps?

Mobile Homes – Learn what is exempt and what is not exempt from Flood requirements

03/03/2024

We made a loan to a borrower for the purchase of 2 mobile homes located in a mobile home park in Florida. The homes are “strapped down” to meet state/local requirements and have electricity and plumbing. However, we feel the home can be disconnected and moved and would not require us to perform a flood determination. Are we correct?

Credit and loan exceptions that need to be resolved

02/25/2024

What types of credit and loan exceptions are commonly cleared at financial institutions?

Cross-Collateralization and Flood – What you need to know to stay covered.

02/25/2024

We are making a loan to a business customer to purchase a new apartment building. The apartment building is not located in a flood zone. The loan approval requires the cross collateralization of two additional properties owned by the borrower. Do I need to obtain flood determination on these properties?

Partying with mortgage brokers

02/25/2024

Is it a problem if the mortgage brokers that we use invite some of our lenders to parties to celebrate milestones like year-end celebrations where loan closing goals were met?

Latest Lending - Estate Topics

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