Mother switched houses with daughter and son-in-law. It was a straight trade with no loan. Daughter and SIL then did a bridge loan to make improvements to the house. That loan is now going into final loan so I now have to report to HMDA. What should the purpose of the loan be?
Trade included deeds so daughter and SIL are on title for their current residence, correct? Improvements are done and paid for too, right? If so, you have a refinance now.