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BankersOnline.com Forums Dodd-Frank Final Rules Discussions HMDA Overhaul 2018 Changes in LAR numbers
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#2175310 - 04/26/18 02:10 PM Changes in LAR numbers
raitchjay Offline
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Joined: Oct 2009
Posts: 9,105
OK
Just curious......2018 HMDA introduces home equity loans (the "other" purpose type) which adds new loans to the LAR...but the ag. purpose exemption has been expanded, which should (for some lenders anyway) subtract loans from the LAR. Just curious what kinds of numbers you're seeing...whether your YTD LAR this year is bigger or smaller than years past. My LAR seems to be right on par for what it's been in previous years.
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#2175385 - 04/26/18 05:21 PM Re: Changes in LAR numbers raitchjay
GTS333 Offline
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Joined: Jun 2010
Posts: 257
I'm curious about this too.. There is an older thread in this forum where folks chimed in last year with their estimates of how many more loans they would need to report with the inclusion of HELOCs. It sounded like quite a few for most folks, so it would be interesting to hear if that's how things are looking so far this year.
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#2175386 - 04/26/18 05:25 PM Re: Changes in LAR numbers raitchjay
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
No noticeable change for us to date but we don't have to report HELOCs and our Ag loans are very minimal.
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#2175394 - 04/26/18 05:44 PM Re: Changes in LAR numbers raitchjay
bOaty Offline
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bOaty
Joined: Aug 2006
Posts: 4,266
Chillin an grillin
Last year = 1,400

This year = on track for 5,000+

frown
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#2175405 - 04/26/18 05:58 PM Re: Changes in LAR numbers bOaty
Adam F Offline
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Adam F
Joined: Apr 2013
Posts: 420
VA
Originally Posted By bOaty
Last year = 1,400

This year = on track for 5,000+

frown


Ouch
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