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#2191351 - 08/31/18 01:23 PM Origination Charge and Discount Points
HMDA Girl Offline
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HMDA Girl
Joined: Jul 2014
Posts: 16
Michigan
I have not had to report discount points as of yet. I am having a hard time figuring out if I break out discount points from the total origination charges and then adjust the origination charges? or do I just report the total origination charges and the discount points?
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#2191367 - 08/31/18 02:21 PM Re: Origination Charge and Discount Points HMDA Girl
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,835
Bloomington, IN
You report the total Origination Charges disclosed on Line D and the total Discount Points disclose on Line A01 of the Closing Costs Details
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The opinions expressed are mine and they are not to be taken as legal advice.

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#2191539 - 09/04/18 02:09 PM Re: Origination Charge and Discount Points HMDA Girl
HMDA Girl Offline
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HMDA Girl
Joined: Jul 2014
Posts: 16
Michigan
Thank you!
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#2191572 - 09/04/18 04:53 PM Re: Origination Charge and Discount Points HMDA Girl
George Offline
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Joined: Apr 2016
Posts: 364
To piggy back off this: we charge both an admin fee and origination fee, both listed in section A. Should we be reporting the full amount per line A for origination charges? Or do we report just the actual origination fee per line A01?

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#2191577 - 09/04/18 05:42 PM Re: Origination Charge and Discount Points HMDA Girl
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,835
Bloomington, IN
The only separate origination charge you report is taken form Line A-01 which is the discount points paid to reduce the interest rate.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#2193637 - 09/25/18 01:10 PM Re: Origination Charge and Discount Points HMDA Girl
Antilles Offline
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Antilles
Joined: Jan 2007
Posts: 216
Southern US
To also piggy back: That would mean if I had $1000 in origination, $200 processing, and $500 for discount points, I would enter $1700 in origination charges and $500 discount points on the LAR.
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#2193642 - 09/25/18 01:25 PM Re: Origination Charge and Discount Points HMDA Girl
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,835
Bloomington, IN
Section A would look something like this.

A. Origination Charges - $1,700.00
.01 - X% of Loan Amount (Points) - $500.00
.02 - Origination Fee - $1,000.00
.03 - Processing Fee - $200.00

On the LAR you report the total from Line A for the Total Borrower-paid Origination Charges and the total from Line A.01 for the Total Discount Points.
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The opinions expressed are mine and they are not to be taken as legal advice.

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