Topic: Mortgage Loans
-
B047 First Lien Residential Mortgage Loans Under § 138.052
This release applies to all credit unions offering residential real estate (including mobile home) loans secured by a first mortgage or equivalent security interest. The Release describes the requirements of […]
-
B039 Biweekly Mortgage Loan Payments
This release describes biweekly payment plans for mortgage loans.
-
B036 Reg. Z – Right of Rescission
This release provides the details about the right of rescission, more commonly known as the Right to Cancel, and a description of how to use The League’s Notice of Right […]
-
B033 Required Signatures on Homestead Loans
This release describes the signature requirement for a valid mortgage of a married couple’s homestead property.
-
B030 Adjustable Rate Mortgage Lending Programs
This release addresses adjustable rate mortgage lending programs. Please also see ii Release B016, Financial Strategies for Credit Union First Mortgage Lenders.
-
B020 Basics of Construction Lending
This release applies to all credit unions offering construction loans. Contents: Construction Loan Risks Unsafe and Unsound Practices Documentation Interest Truth in Lending TILA-RESPA Integrated Disclosure rule (TRID) APRs on […]
-
B019 Compliance Checklist for Manufactured Home Lending
This release applies to all credit unions granting mobile home (or other “manufactured home”) loans. It reviews various lending considerations above and beyond those for vehicle loans.
-
B016 Financial Strategies for Credit Union 1st Mortgage Lenders
This release applies to all credit unions engaged in real estate lending. It presents a America’s Credit Unions white paper, intended as a general orientation on strategic issues in mortgage lending. […]
-
B014 Real Estate Settlement Procedures Act (RESPA)
This release applies to all state and federally chartered credit unions making real estate loans, including subordinate liens. It describes the requirements of the Real Estate Settlement Procedures Act (RESPA) […]