Most Popular Lending Content
Notice of SCRA Rate Adjustment
05/26/2024
Does any regulation require an institution to send a reduced rate letter when adjusting the rate due to an SCRA claim on a loan?
Is this LOC HMDA Reportable?
05/26/2024
Does a line of credit on an improvement of a residential property need to be reported on our HMDA LAR? It will convert to permanent financing after 120 days when construction is to be completed.
Must an in-house appraisal reviewer be a licensed
05/26/2024
My understanding is that Fannie Mae requires that a seller/servicer have an internal appraisal reviewer that solely reviews appraisals. If so, must this individual be licensed as an appraiser?
What is “Abusive,” technically?
05/19/2024
In terms of UDAAP, what makes something “Abusive”?
Does a Bankruptcy Workout Require an MLO
05/19/2024
We have an employee that serves as the bank's Bankruptcy Officer. This employee does not lend directly to the public. They do not have an approved lending limit. This employee negotiates with the trustee/court/lawyer/borrower on an active bankruptcy to restructure loan terms according to the bankruptcy agreement. Would this employee need to be a registered MLO (SAFE Act) if they are negotiating terms for an active bankruptcy on a consumer mortgage loan?