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#1667783 - 02/21/12 05:58 PM HMDA Flip Loan
runner Offline
Joined: Nov 2004
Posts: 75
Do we need to report on the HMDA report a loan for 12 months interest only for to purchase and rehab a home, to be sale after remodeling is completed.

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#1667796 - 02/21/12 06:09 PM Re: HMDA Flip Loan runner
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Yes. This is covered in the HMDA faqs.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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