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#2035373 - 08/24/15 01:24 PM Purchased loans
Love Cruising Offline
100 Club
Joined: Mar 2009
Posts: 248
I know that we report purchase loans in HMDA but what about those that were modified do we still report them and ignore that they were modified.

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#2035402 - 08/24/15 02:16 PM Re: Purchased loans Love Cruising
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
You purchased a loan that had been modified? You report the loan as purchased assuming it otherwise meets HMDA reportability. You are purchasing the loan, regardless of any changes due to modification.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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