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#415888 - 08/30/05 04:14 PM CRA or HMDA
Anonymous
Unregistered

I posted this in the lending forum also, but.....

I was under the opinion that a business purpose loan for the purpose of purchasin rental property was HMDA reportable and that HMDA trumped CRA. Is this true?

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CRA
#415889 - 08/30/05 04:34 PM Re: CRA or HMDA
CRAatBOK Offline

Power Poster
Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
Yes it is unless it is temporary financing. Then it would be a type 3.
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