I am scrubbing our LAR and we have a refinance which is clearly HMDA. As part of the refi, they are releasing one of the dwellings.
Loan Operations geocoded the property and recorded that dwelling for reporting purposes. Is this ok to do? I am unable to find anything about partial releases in any of the guidance except for that it is a refinance. I am thinking that since this property was released, it is no longer securing the loan and therefore the property still securing the loan should be the reported geocode information.
Does anyone have any concrete guidance on this?