Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums HMDA Denied and withdrawn applications
Thread Options
#2009909 - 04/23/15 08:08 PM Denied and withdrawn applications
Catm1991 Offline
100 Club
Joined: Jul 2014
Posts: 194
MO
On withdrawals, do we do the rate spreads and report if it went all the way and we have the final paperwork (Final TIL) to get it from?

Since I've been doing HMDA I've been told that we just put N/A for the rate spread, but I just thought about this more, if I have one that was withdrawn at the closing table of course I have the Final TIL to get the APR and then get the rate spread do I go ahead and do the rate spread and report it since I can? Or still do not do it since it's a withdrawal?

Return to Top
HMDA

   
HMDA Academy
#2009911 - 04/23/15 08:12 PM Re: Denied and withdrawn applications Catm1991
raitchjay Offline
Power Poster
Joined: Oct 2009
Posts: 9,103
OK
Non-originated loans always have "NA" reported for the rate spread. The GIR can confirm this for you.
Last edited by raitchjay; 04/23/15 08:13 PM.
_________________________
I'm fixin' to fix that.

Return to Top
#2009920 - 04/23/15 08:22 PM Re: Denied and withdrawn applications Catm1991
Adam F Offline
Gold Star
Adam F
Joined: Apr 2013
Posts: 420
VA
This is located in the GIR in Appendix A on page 8.

"Enter “NA” in the case of an application that does not result in a loan origination."
_________________________
It is better to act cautiously beforehand than to suffer afterward.

The answers I give are my opinions. Not legal advice.

Return to Top
#2009959 - 04/23/15 09:18 PM Re: Denied and withdrawn applications Catm1991
Catm1991 Offline
100 Club
Joined: Jul 2014
Posts: 194
MO
Thank you, thank you.

Return to Top

Moderator:  SMQ, CRCM