Most Popular Lending Content
Do Brokers Do the HMDA Dance?
04/04/2005
Can you direct me to any specific portion of HMDA regulation that addresses mortgage BROKER requirements? Most brokers originate more that 100 loans a year but we do not meet the definition of a LENDER. Do we have to report even though our LENDERS that we basically serve as agents for will also be reporting that data?
Determining the hazard insurance requirement
04/04/2005
What formula do most bankers use to calculate the amount of hazard insurance required on a loan (this isn't for flood insurance)?
Rescission Rights on Mobile Home Loan
04/04/2005
Is a right of rescission required for a loan on a mobile home which is not attached to real estate, is less than $25,000 and is the borrower's primary residence? The lender and borrower are in Texas.
Fees to be disclosed per RESPA?
04/04/2005
I'm looking for a list of all fees required to be disclosed per RESPA regs. This would include FHA/Conv/VA.
Does Flood Apply Under Abundance of Caution?
04/04/2005
The bank is making a loan and taking property (with building) as an abundance of caution. This property is located in a flood zone. Is flood insurance required when our collateral is taken as an abundance of caution?