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#2244801 - 10/29/20 03:59 PM Are Leasehold Mortgages HMDA reportable
Somer Offline
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Joined: May 2013
Posts: 35
I have a loan to a Trust for an Assisted Living facility with 95 units, of which 14 are for memory care or medical purpose, 81are for Assisted Living with 19 listed as Affordable by the town.

The Mortgage will be a Leasehold. If this HMDA reportable?

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#2244813 - 10/29/20 05:34 PM Re: Are Leasehold Mortgages HMDA reportable [Re: Somer]
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,251

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#2244814 - 10/29/20 05:40 PM Re: Are Leasehold Mortgages HMDA reportable [Re: Somer]
Somer Offline
Junior Member
Joined: May 2013
Posts: 35
Does the Leasehold Mortgage make a difference

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#2244835 - 10/29/20 08:04 PM Re: Are Leasehold Mortgages HMDA reportable [Re: Somer]
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 74,768
Galveston, TX
Not really - you have an interest in the dwelling regardless of the type of mortgage.
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