HMDA Reporting for Broker/Lender
by Dan Persfull, BOL Guru Guru BIOS
Question: This will be our first year to report HMDA. We are both a broker and lender. Do we need to just report the loans we make decisions on, or do we need to report both?
Answer: The institution making the loan decision reports.
If you have not already obtained a copy of the GIR, here's a link to the on-line version. You will find it very helpful.
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