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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.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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