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#2260715 - 10/05/21 06:59 PM Commercial loan appr not accepted-HMDA Reportable?
ccman Offline
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Joined: Sep 2007
Posts: 937
Are commercial loans requests that did not result in an origination HMDA reportable?
Drawing a blank or having senior moment whatever? We recently had an application that was approved but never closed.
Is it reportable? Purpose was to purchase a SFR for investment (rental) purposes. The owner is an LLC.

Thanks.
Last edited by John Burnett; 10/06/21 02:57 PM. Reason: changed title
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#2260718 - 10/05/21 07:02 PM Re: Commercial loan appr not accepted-HMDA Reportable? ccman
ccman Offline
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Posts: 937
Sorry guys, the owner/applicant is an LLC. The loan never closed. Thanks.

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#2260721 - 10/05/21 07:18 PM Re: Commercial loan appr not accepted-HMDA Reportable? ccman
raitchjay Online
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OK
Yes, they're reportable (as denied, withdrawn, or approved not accepted, as applicable).
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#2260723 - 10/05/21 07:22 PM Re: Commercial loan appr not accepted-HMDA Reportable? raitchjay
ccman Offline
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Joined: Sep 2007
Posts: 937
Thanks for the reply.

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#2260727 - 10/05/21 07:44 PM Re: Commercial loan appr not accepted-HMDA Reportable? ccman
raitchjay Online
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Joined: Oct 2009
Posts: 9,105
OK
Should add (not for you, as i'm sure you're aware, but for anyone else later perusing this thread)--HMDA applies if the normal rules apply (dwelling-secured, not temporary, meets purpose test if business purpose, etc.).
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#2260801 - 10/06/21 03:04 PM Re: Commercial loan appr not accepted-HMDA Reportable? raitchjay
ccman Offline
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Joined: Sep 2007
Posts: 937
Again, thanks rjay.

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