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#358203 - 05/11/05 03:06 PM HMDA Reportable??
HR Banker Offline
Diamond Poster
Joined: Oct 2002
Posts: 1,027
I'm not sure whether to report this on HMDA or not. It is a refinance of a property that contains rental units for businesses (restaurant, carpet sales, etc.). However, there is one apartment among the six units. Since the majority of the property is business does that keep it from being reportable?

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Lending Compliance
#358204 - 05/11/05 03:13 PM Re: HMDA Reportable??
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Yes.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#358205 - 05/11/05 05:24 PM Re: HMDA Reportable??
CRAatBOK Offline

Power Poster
Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
Welcome back Dan, we missed you.
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Life is not the way it's supposed to be. It's the way it is. The way you cope with it is what makes the difference.

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