Most Popular Lending Content
Advertising a 7/6 ARM product
05/04/2025
When advertising a 7/6 ARM product on a website is it acceptable to just show a payment amount per $1,000 based on a loan amount of $215,000 along with the interest rate and APR or should the payment be shown after the seven-year initial fixed-rate period as well to be in compliance?
HMDA: Income reporting of multiple applicants
05/04/2025
I have a HMDA loan that has four applicants. I know we need to collect GMI information for all four but only report two on the LAR. Do we report income for all four applicants on the LAR?
Set-off across state lines
05/04/2025
Our customer has a past due loan. Can the bank exercise the right of offset using a checking account that is held in a bank with the same charter but located out of state.
Refinancing a construction loan
04/27/2025
We are refinancing a construction loan to an amortizing monthly payment loan effective March 18, 2025 (the maturity date of the construction loan). Our early disclosures are dated 3/18/2025. Since closing must be at least seven days later, can we date the note March 18, 2025, even though the actual closing date will be April 4, 2025? If we can date the note March 18, 2025, does the customer have to pay interest from March 18 to April 4.?
Use Cases for an ECM
04/27/2025
What are common use cases for an ECM in banking?