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#2262357 - 11/10/21 04:30 PM HMDA Question
Somer Offline
Junior Member
Joined: May 2013
Posts: 43
Are short term Corporate rentals HMDA reportable. I have a commercial loan secured by a 23 unit furnished apartment building. Rentals are from 1 week to 3 months.

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#2262370 - 11/10/21 06:13 PM Re: HMDA Question Somer
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,769
Bloomington, IN
Who is renting these apartments?

IMHO short term rentals do not qualify as transitory dwellings.
The opinions expressed are mine and they are not to be taken as legal advice.

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#2262852 - 11/23/21 09:11 PM Re: HMDA Question Somer
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,641
Cape Cod
What is the purpose of this loan?
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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