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#1802584 - 04/08/13 09:11 PM Modifications and CRA
swthomeala Offline
Junior Member
Joined: Oct 2005
Posts: 39
Georgia
If I have a loan that only modified the maturity date and nothing else would I report it on my CRA LAR as long as that loan had not been reported in the same calendar year?
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swthomeala

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CRA
#1802586 - 04/08/13 09:17 PM Re: Modifications and CRA swthomeala
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Yes. For CRA modifications that extend maturity are reportable.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1805083 - 04/16/13 05:14 PM Re: Modifications and CRA Kathleen O. Blanchard
Flyboat Offline
Junior Member
Flyboat
Joined: Jan 2006
Posts: 40
Would the same apply if you have a rate reduction, but the the maturity date remains the same?

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#1805113 - 04/16/13 05:53 PM Re: Modifications and CRA swthomeala
Tennismom Offline
Platinum Poster
Tennismom
Joined: Jan 2004
Posts: 765
No, it is my understanding only an extension of maturity.
Last edited by tennismom; 04/16/13 05:54 PM.
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#1805154 - 04/16/13 06:51 PM Re: Modifications and CRA swthomeala
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Correct; only modifications that extend maturity (or increase amount) would be reportable.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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