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#1782629 - 02/04/13 06:42 PM Woman's Shelter
SouthoftheBorder Offline
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The South
Would a Womans' Abuse Shelter (Multiple Homes) be HMDA reportable?

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#1782633 - 02/04/13 06:45 PM Re: Woman's Shelter SouthoftheBorder
Dan Persfull Offline
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Dan Persfull
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Bloomington, IN
Those type shelters are generally considered transient housing.
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#1782636 - 02/04/13 06:47 PM Re: Woman's Shelter Dan Persfull
SouthoftheBorder Offline
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Joined: Feb 2002
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The South
As I thought - the loan operations staff is having a hard time with the class code for this type of property. Any suggestions?

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#1782641 - 02/04/13 06:57 PM Re: Woman's Shelter SouthoftheBorder
Truffle Royale Offline

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It's not HMDA reportable because it's transient like a dorm or a hotel.

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#1782642 - 02/04/13 07:00 PM Re: Woman's Shelter SouthoftheBorder
raitchjay Offline
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Joined: Oct 2009
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OK
Originally Posted By: SouthoftheBorder
As I thought - the loan operations staff is having a hard time with the class code for this type of property. Any suggestions?


If it's a non-profit (guessing) then "commercial RE" probably wouldn't work.....i think our system has a "real estate-other"....maybe something like that would work?
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