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#1816246 - 05/21/13 07:15 PM Commercial Loan/Application Denied
dac Offline
100 Club
Joined: Sep 2009
Posts: 234
We have a Commercial loan to refinance a Commercial property to the same borrower. The bank would also be replacing and satisfying a lien on the borrowers’ personal dwelling. The bank issued a summary of terms and conditions and the borrower decided to stay with their current financial institutions. Is this loan HMDA reportable. If so, for HMDA purposes would we choose Application denied and reason for denial Application Incomplete?

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#1816263 - 05/21/13 07:31 PM Re: Commercial Loan/Application Denied dac
TMatt87 Offline
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TMatt87
Joined: May 2011
Posts: 1,984
Idaho
I would say it's a HMDA reportable refinance and it sounds like it's withdrawn.

ETA: Assuming that the new loan would have been secured by the dwelling as well.
Last edited by TMatt87; 05/21/13 07:32 PM.
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