If anyone has an opinion on the following scenario, please let me know:

An engaged couple applied for a joint loan to purchase a home. Their early disclosures were in both names.

Now we are almost to our closing date and the borrowers have separated. Now the man wants to get the loan in his name only.

Do we need to redisclose our early papers and make him wait 3 days before closing if we are not changing any of the loan terms? Does the woman have to sign anything saying that she no longer wants to be on the loan?

Re: disclosures - you might have a valid cc but no fees changed so I wouldn't redisclose.
The borrowers have countered your approval of the joint loan.
You document your file.
You redo the underwriting to make sure that he qualifies for the loan on his own and proceed from there.

How would you report this for HMDA? The application is joint, however, loan closes in one name. Thanks.

They removed her as an applicant when they countered your joint approval. You're reporting the loan as originated (closed) so you report how it closed which would be in his name only.

Thanks, that was my original thought, and then started overthinking.

I would like to piggy back on this question... we have a joint application for a purchase money mortgage for a married couple; but the purchase agreement for the home is only in the husband's name. The seller (OREO/FNMA) requires the HUD match the P/A identially, so we need to remove the wife from the loan (Husband qualifies on his own).
Do we issue a counter-offer since it's more of a technical issue on why she's being removed, rather than the borrowers countering us? Any thoughts are appreciated!

"so we need to remove the wife from the loan (Husband qualifies on his own)."

There is no "we" in this scenerio. The borrowers need to meet the requirements of the seller not the bank. You should inform them of the situation and then either have them send you a letter indicating that they are amending their application due to seller requirements (removing the wife) or arrange for an amendment to the purchase contract (to add the wife). Keep the bank out of this - this is their decision with the guidance of their legal counsel.

PD, we had a similiar situation with a HUD foreclosure. Application was joint, but only one had entered into the contract...we had to move the other one to guarantor to appease HUD.

Thanks for the responses! We're having the applicants write a letter requesting for the the co-applicant to be removed...

IMO - this is DUMB! Why the seller cares who the borrowers are on the HUD (as long as at least the purchaser is on there) is beyond me! They need to mind their own damn business, stop making the process so cumbersone and be happy they are selling these homes to qualified buyers. HMPFT! Ok - rant done for the day. I feel better now, TGIF