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#994313 - 07/14/08 02:52 PM HMDA Reportable?
Sheldon Hendrix Offline
Diamond Poster
Sheldon Hendrix
Joined: Jun 2006
Posts: 1,194
South
Would a commercial loan originated for the purchase of a multi-family non-owner occupied apartment complex be HMDA reportable??

Doesn't it fall under the definition for a Home Purchase Loan?

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Lending Compliance
#994314 - 07/14/08 02:54 PM Re: HMDA Reportable? Sheldon Hendrix
Ray_ Offline
Platinum Poster
Joined: Aug 2006
Posts: 879
Dallas, TX
It is HMDA reportable.

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#994461 - 07/14/08 04:15 PM Re: HMDA Reportable? Ray_
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Quote:
Doesn't it fall under the definition for a Home Purchase Loan?


Yes. You need to refer to the definition of a dwelling which includes multi-family structures.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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