Latest Lending - Mail Topics

Question: We generally make loans only to A and B credit customers.

Question: How should we assess for fair lending if we are using mortgage brokers to originate some of our loans?

Question: We have a lot of compliance policies. Some board members have questioned whether we really need all these policies.

The most frequently violated compliance requirements involve the Real Estate Settlement Procedures Act (Regulation X), a FDIC list revealed.

Before selling securities to a consumer, the broker/dealer should determine the suitability of the product for the consumer.