Most Popular Lending Content
Calculation of APRs on ARMs
08/18/2003
I'm looking for a formula for calculating APRs on ARMs. This would include premium and discounted start rates, accounting for the yearly caps.
HUD Escrow Account Storage
08/18/2003
How long must HUD escrow accounts be kept and is computerized storageokay?
New Branches & CRA/HMDA Reporting
08/18/2003
I just need to verify information.We are an existing CRA/HMDAreporting institution. We just opened two new branches in July, 2003. I would assume that we would collect data for reporting immediately and that there is not any kind of transition period. Am I correct?
Adding A Question To Equity Line Credit Application
08/18/2003
Can we ask the following question on an equity line of credit application? "Is the property offered as security for this loan currently listed for sale?"
Applications by Phone - Information Collection
08/18/2003
When taking an application over the phone, how should the gov't monitoring information be handled? Usually when taking a application over the phone, we also send the application out for signatures. Should this information then be filled out by the customer when signing? We have seen some varying information regarding this, so please be specific on how this should be handled.