08/25/2014
What are the new amendment regulations for the SAFE ACT going forward?
08/25/2014
Has there been any change in the Flood rules and force placed insurance? Do we still need a paid policy from the borrower to Make, Increase, Renew or Extend at loan?
08/25/2014
Escrow Question: If the customer currently has force placed insurance and in a loan rework cannot get homeowner's insurance, can the force placed insurance be escrowed?
06/23/2014
If we originate a reportable loan and subsequently sell it, servicing released, is it reportable on our HMDA LAR?
06/16/2014
We are unable to locate an original mortgage Note from a closing back in November 2013. How do I go about correcting this issue?
06/16/2014
Our bank is financing the purchase of a home. Buyers are currently renters and are now purchasing from the estate. Buyers do not have the required 20% down payment so they are entering into a second mortgage loan with the Sellers/Estate.
The initial disclosures did not mention the $30.00 mortgage recording fee for the mortgage the Buyers and Sellers will have between them.
Do we have to re-disclose because we did not list the private party loan expenses?
06/16/2014
Is it a requirement to send the customer the original recorded mortgage after their loan has been paid in full? Or can we just send the original Note stamped paid and the original discharge of mortgage?
06/09/2014
Does the homeownership counseling notice need to be provided on open-end home equity lines of credit? This is a RESPA requirement, and our HELOCs are not subject to RESPA.
06/09/2014
Regarding the new ECOA Valuation Rule that amends the appraisal provision of ECOA's Regulation B. Would it apply to home builders? I can't find anything in the regulation that it wouldn't.
06/09/2014
We are having a debate regarding ATR and verifying employment with pay stubs. The reg states you may use third party records and the definition of a third party in the regs state a document or other record prepared or reviewed by an appropriate person. Is using the most current pay stubs acceptable as verifying employment?