I have a dwelling secured interest only demand loan that has been converted to a amortizing 25 year ARM loan As the change was done using a modification agreement rather than a new note--I am assuming this will not be HMDA reportable. Just a little confused by the circumstances, but hoping someone can let me know if I am looking at this correctly.

Thanks to all.

Modifications are not reportable.

Thanks Dan. Appreciate the confirmation.

Dan is right in that mods aren't reportable except for one situation that would be:

The Second Quarter 2011 issue of Consumer Compliance Outlook is now available on the Outlook website:

http://www.philadelphiafed.org/bank-reso...a-reporting.cfm

If the bank modifies, but does not refinance, a temporary construction loan into permanent financing, does this loan become a HMDA-reportable loan?
Yes. Comment 203.2(h)-5 explains that when permanent financing replaces a construction-only loan, the loan should be reported for HMDA. In addition, construction-permanent loans must also be reported for HMDA. In essence, the bank has replaced its temporary construction loan with permanent financing through this loan modification. Because it is no longer a temporary loan and has not been previously reported, it should be reported as a home purchase loan if it meets Regulation C's definition of home purchase.