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#1349546 - 02/26/10 01:11 PM HMDA Reporting
Soccer Offline
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If we have a home improvement loan that is not secured by the real estate but is secured by a vehicle what lien status do we use for HMDA reporting? In other words, is the lien status option supposed to be soley used for real estate liens?
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#1349547 - 02/26/10 01:15 PM Re: HMDA Reporting Soccer
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
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You would use code 3, not secured by a lien on residential real estate. HMDA doesn't care about the vehicle.
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#1349548 - 02/26/10 01:18 PM Re: HMDA Reporting Kathleen O. Blanchard
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Thanks
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