regulatory review of loans - Posted by Vern

[import]

Posted by Ed Garcia on January 23, 2002 at 09:12:01:

Vern,

There is no doubt that the size of the loan attracts attention and can bring more scrutiny upon that particular loan. What can trigger a regulatory review could be the size, any irregularity such as self-employment, questionable appraisable, definitely a first payment default etc.

In most cases if it’s a new loan it can be just random.

Ed Garcia

[import]

regulatory review of loans - Posted by Vern

Posted by Vern on January 23, 2002 at 01:17:29:

On a loan for a million dollar home do banking regulators take a different, ie. closer look at the particulars of the deal and the buyer’s background? If so what are they looking for and what would trigger the search?