by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Applicable Federal Rate for Private Loans?How Does the Applicable Federal Rate Work?Three Distinct RatesKey TakeawaysExample of How to Use the Applicable Federal Rate (AFR)Practical Uses of AFR What is the Applicable Federal Rate...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Fully Amortizing Payment?How Does a Fully Amortizing Payment Work?Fully Amortizing Payments Versus Interest-Only Payments What is a Fully Amortizing Payment?A Fully amortizing payment is a loan payment made periodically according to...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Regulation BB?How Does Regulation BB Work? What is Regulation BB?Regulation BB was created to effectuate portions of the Community Reinvestment Act (CRA). As such, it is a banking regulation that requires covered banks to publicly...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Mortgage Electronic Registration System?How Does the Mortgage Electronic Registration System Work?The Role of MERS in the Mortgage TransactionHow to Find Mortgage Information using MERSMortgage Electronic Registration System...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What are Grandfathered Banking Activities?How Do Grandfathered Activities Work? What are Grandfathered Banking Activities?Grandfathered activities are non-bank operations that are considered illegal and not permissible, but are allowed to...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a FHA 203(k) Loan?How Does a FHA 203(k) Loan Work?Types of 203(k) LoansStreamline 201(k): Minimal Repairs Standard 2013(k): Extensive Work How Do Lenders Use an FHA 203(k) Loan?Getting an FHA 203(k) LoanPros and Cons of an FHA 203(k)...
