03/09/2025
If a third-party fee, such as a wire fee or E-Doc fee from the Closing Agent, was not disclosed on the LE, does the lender have to provide a tolerance cure for the full amount of such fee(s) or would they fall into the 10% tolerance cure calculation bucket?
07/02/2023
When an applicant emails a mortgage loan application, when it is considered received by the bank? When does the disclosure clock start to run?
11/24/2019
For HMDA reporting purposes: An applicant's demographic information is obtained at time of application via an online application process and the
data collected is the information input onto the HMDA LAR. But if the applicant changes the demographic info at consummation (at the title
company) do we change the data on the LAR from the data collected at application to the data collected at consummation?
08/26/2018
Do we need to send a Good Faith Estimate on a new HELOC, or would this need a loan estimate and a closing disclosure?
02/21/2016
We are a HMDA bank and do not report (open end) HELOCs. Should we still collect Government Monitoring Information for Regulation B purposes when the customer tells us the funds are to be used to purchase or refinance a principal dwelling?
11/08/2015
What RESPA violations would a lender be making if they are changing the zero tolerance and 10% tolerance section of the 2010 GFE at closing to
avoid issuing the borrower restitution for the cost to cure.
09/27/2015
Is this a bridge loan? The loan is to purchase and renovate a home, only using the home being purchased for collateral. Term 180 days, closed -end line (for improvements). The loan will be paid off with the sale of current home. Does RESPA apply?
08/31/2015
If the initial GFE did not list the name, address & phone number of originator can they do a revised one and be okay or will they have to use $0.00 on the HUD-1 comparison and pay the borrowers the difference between $0.00 and the actual cost?
05/31/2015
We are making a 3rd mortgage loan to a current customer. It seems ridiculous, but as far as I can tell we need to provide an early TIL & GFE. Is there an exemption somewhere I have missed?
05/25/2015
Where do you put the fee on the GFE and HUD for e-filing a mortgage? I read commentary that it should go in the 1100 series but that seems odd if it is a HUD1-A.