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#1237281 - 08/21/09 08:19 PM HMDA reporting on pre-quals
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
Took an application for a purchase of a 1-4 family dwelling; it was a pre-qual only - no property address.

Is this loan HMDA reportable?

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#1237284 - 08/21/09 08:21 PM Re: HMDA reporting on pre-quals Many Hats
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Pre-quals are not reportable.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1237295 - 08/21/09 08:27 PM Re: HMDA reporting on pre-quals Dan Persfull
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
If you don't have a preapproval program, repeat after me:
"No house, no HMDA".
_________________________
David Dickinson
http://www.bankerscompliance.com

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#1237311 - 08/21/09 08:41 PM Re: HMDA reporting on pre-quals David Dickinson
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
That's what I thought...thanks!

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