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#2298938 - 07/02/24 04:41 PM LTV with equipment also taken
Melissa S Offline
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Melissa S
Joined: Jan 2015
Posts: 395
Maine
Hi all -

I have a commercial loan collateralized by a dwelling, equipment and inventory. The lien on the real estate is a 4th position. In order to calculate the LTV for HMDA purposes, I am going to have to remove the value of the equipment and inventory and calculate the total outstanding of the 4 loans against just the real estate value?
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HMDA

#2298948 - 07/02/24 08:26 PM Re: LTV with equipment also taken Melissa S
Inherent_Risk Offline
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Joined: Jan 2017
Posts: 635
Report what you used.

1004.4(a)(24)-6. Property. A financial institution reports the combined loan-to-value ratio relied on in making the credit decision, regardless of which property or properties it used in the combined loan-to-value ratio calculation. The property used in the combined loan-to-value ratio calculation does not need to be the property identified in ยง 1003.4(a)(9) and may include more than one property and non-real property.

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#2298950 - 07/02/24 08:41 PM Re: LTV with equipment also taken Melissa S
Melissa S Offline
Gold Star
Melissa S
Joined: Jan 2015
Posts: 395
Maine
Thank you.
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