Most Popular Lending Content
New Loan - HMDA Reportable?
10/22/2023
The situation - Grandparents are purchasing a house for their grandchild. Collateral - Grandparents farmland not located where house is. Question - Is this HMDA reportable? No mortgage being taken on purchased house, only the farmland.
Proper Reporting of Permanent Mortgages
10/22/2023
We do a lot of construction loans. Thee are one year, temporary financing loans. Our permanent financing of these mortgages have been treated as purchases for years. We converted to a new LOS and it is giving us compliance alerts for the same practices. Should these be refinances for HMDA purposes and should they have a rescission period?
Document management’s impact on commercial lending relationships
10/22/2023
How can a financial institution’s document management practices impact commercial lending relationships?
Self-identified flood issues… in the clear for the next exam?
10/15/2023
We had a rather big flood compliance issue, but we self-identified it and are correcting the problem. Is that enough to keep us out of hot water at our next exam?
Differences between MAPR and APR
10/15/2023
What is a MAPR?