Someone please tell me if I am correct on when to collect the GMI: (We are as of 2004 a HMDA reporting bank)
(1) When Purchasing a dwelling & secured by a dwelling
(2) When refinancing a dwelling (old loan secured by dwelling & new loan also secured by a dwelling)
(3) For Home Improvement Loans (we only classify HI if dwelling secured)
(4) For Construction/Perm dwelling secured loans

The GMI that must be collected is Ethnicity, Race, & Sex
of both the applicant & co-applicant.

If the loan is to purchase or refinance the purchase of a principal dwelling, we must collect the age and marital status also along with the above information.

Is all this correct or am I way off base?

Sounds like you have it.

Since you are obviously new to HMDA (no negative comment intended), it would be best for you to go to the HMDA website and print a copy of the 2004 HMDA Guide.

http://www.ffiec.gov/hmda/default.htm

This guide is VERY easy to use and is written in terms that are easy to understand. You can also find just about all, if not all, of the subjects you need in the Table of Contents.

Good luck.