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#1689801 - 04/18/12 01:58 PM Missing Application info and hmda reporting
CaseyBoo30 Offline
Gold Star
Joined: Feb 2007
Posts: 262
Winchester, KY
If I have an application to refinance the applicant's primary residence that is denied due to delinquent credit and the application does not contain the loan amount requested, what do I note on the LAR for loan amount requested?

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HMDA

#1689817 - 04/18/12 02:20 PM Re: Missing Application info and hmda reporting CaseyBoo30
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,748
Bloomington, IN
If I have an application to refinance the applicant's primary residence . . . does not contain the loan amount requested . . . what do I note on the LAR for loan amount requested

We use the balance of the current mortgage reported in the applicant's credit report.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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