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#2184502 - 07/09/18 02:55 PM Number of Units
MainStreeter Offline
Member
Joined: Jun 2014
Posts: 58
Looking to confirm, when we're talking units we're only listing the number of residential 'dwelling' units correct?
Doing a loan for a "20 unit" according to the lender, but after looking closer there are 19 residential units and one office unit, I'm assuming I'm going to list this for HMDA as 19 units?

This line in the compliance guide is throwing me off: "or other rentable space that are ancillary to the operation of the secured property if it considers such units under its underwriting guidelines or investor guidelines, or if it tracks the number of such units for its own internal purposes."

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#2184878 - 07/11/18 02:35 PM Re: Number of Units MainStreeter
MainStreeter Offline
Member
Joined: Jun 2014
Posts: 58
Looking for feedback from anyone.

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#2184883 - 07/11/18 02:56 PM Re: Number of Units MainStreeter
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
(31) The number of individual dwelling units related to the property securing the covered loan or, in the case of an application, proposed to secure the covered loan.
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The opinions expressed are mine and they are not to be taken as legal advice.

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