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#2164139 - 02/12/18 08:44 PM Loan Purchase
Tally Offline
Junior Member
Joined: Apr 2016
Posts: 33
Today we purchased a pool of HMDA reportable loans that originated in 2017 at another financial institution. Are we required to report all 110 2018 HMDA data fields?

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#2164143 - 02/12/18 09:14 PM Re: Loan Purchase Tally
Skyline Offline
Platinum Poster
Skyline
Joined: Sep 2005
Posts: 590
A financial institution collects, records, and reports the new and modified data points, to the extent that they apply to purchased loans, for purchases of covered loans that occur on or after January 1, 2018. For Application Date, you will report NA.
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CRCM, CLBB

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