Most Popular Lending Content
Right of Rescission Apply to Refi/Purchase Loan?
08/22/2011
Does right of rescission apply to a refinance/purchase Loan?
Extension on 3 Year Balloon-Require New Note?
08/22/2011
We have a customer with a 3 Year balloon note on their primary residence (2nd Mortgage) that is coming due. The maturity date is approaching and they will not be able to pay the balance in full. They are asking for a 90 day extension. Can we do an extension/modification on the current 3 Year Balloon note without extra disclosures or do we need to set up a new note?
HPML Purchase from another Institution-Escrow?
08/22/2011
Our institution is purchasing an HPML from another institution that originated (06.02.2009) before the new escrow requirements. Are we now required to escrow? Or is the loan "grandfathered" (not requiring escrow after purchase) because it technically originated before April 1, 2010?
Reg Z Disclosures for Private Education Loans
08/22/2011
Are we subject to Reg Z disclosures for Private Education Loans if we are paying off an existing student loan?
Disclosures-Travel Trailer as Collateral (RESPA)
08/22/2011
We have a customer who is purchasing a travel trailer as collateral, which will be their primary dwelling. What disclosures do we have to provide them relating to RESPA?