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Instructional videos on the Home Loan program are also available.
As detailed in Market Concerns—Payments, for example, the Bureau is aware that some lenders split the amount of a payment into two or more separate transfers and then present all of the transfers through the ACH system on the same day.
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Bank A no longer has the liability of the origional loan but retains the loan document (asset).
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However, the BIA and HUD must approve the loan application.
However, one obvious difference is that the loan agreements provide for repayment in installments, rather than single-payment loans that may be rolled over or hybrid loans that automatically rollover, described above in part II.
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