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The Central Dredging Association (CEDA), founded in 1978, is an independent, non-profit, non-governmental, professional society for the dredging industry. It provides an independent forum for people involved in activities related to dredging and marine construction in Europe, Africa and the Middle-East, and aims to generate and disseminate impartial knowledge and information about dredging in ...
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
On December 31, 2013, the CFPB published final rules implementing provisions of the Dodd-Frank Act, which direct the CFPB to publish a single, integrated disclosure for mortgage transactions, which included mortgage disclosure requirements under the Truth in Lending Act (TILA) and sections 4 and 5 of RESPA. As a result, Regulation Z now houses ...
In fact, Fannie Mae's lending guidelines allow for debt-to-income ratios as high as 45% for otherwise highly qualified borrowers. In a nutshell, the maximum allowable DTI ratio depends on your ...
That means that your regular monthly obligations — including car loans, credit cards, student loans and your mortgage (if you get it) — account for less than 36 percent of your pre-tax income.
Loans to Insiders (Regulation O) establishes various quantitative and qualitative limits and reporting requirements on extensions of credit made by a bank to its "insiders" or the insiders of the bank's affiliates. The term "insiders" includes executive officers, directors, principal shareholders and the related interests of such parties.
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Non-depository banks (e.g., investment banks and mortgage companies) are not subject to the same capital reserve requirements as depository banks. Many of the investment banks had limited capital reserves to address declines in mortgage-backed securities or support their side of credit default derivative insurance contracts.