Closings

Predatory Lending and HELOCs

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Predatory Lending Resource

Articles and Memos

  • 8-30-11: Compliance with Predatory Lending Database Act | The Predatory Lending Database Act is a part of the Residential Real Property...
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Prevent Claims: Follow these Eleven Tips

ATG legal staff reviews claims at regular intervals. Based on our experience, we put together the following tips to help members avoid claims:

  1. Document files as much as...
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Preventing and Resolving Identity Theft

According to the Bureau of Justice Statistics, “[a]pproximately 16.6 million persons, or 7% of all U.S. residents age 16 or older, were victims of one or more incidents of identity theft in 2012....

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Procedural Best Practices: Record Documents within Two Days of Closing

Best Practice #4: Adopt standard real estate settlement procedures and policies that ensure compliance with Federal and State Consumer Financial Laws as applicable.

To...

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Proceeds: Check-Writing Procedures for Closings

General Rule: For all ATG transactions, the proceeds check should be made payable to the seller as shown on the title commitment.

 

Multiple Sellers:...

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Qualified Mortgage Rule and Disbursement Requirements

A Nuance of ATG Transactions When Guaranteed Rate® is the Lender

See our notice on this topic for more information and a list of affiliated lenders: ...

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Real Estate Closings: Wired Funds and “Good Funds”

by Steven Walker, ATG Law Clerk

Abby Financial Corp., a Massachusetts based mortgage banking firm, declared bankruptcy by filing a petition under...

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Record Mortgages Within Two Days of Closing

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Recording Problems: "Legal Description Attached" ...or Is It?

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