Thread Options
#456535 - 11/14/05 08:26 PM HMDA & CRA????
Anonymous
Unregistered

Would there ever be a situation where you could have a HMDA reportable loan that is also CRA reportable?

Return to Top
CRA
#456536 - 11/14/05 09:56 PM Re: HMDA & CRA????
Geoz Offline
100 Club
Joined: Apr 2003
Posts: 148
Colorado
A multi-family loan can potentially be reported for HMDA and as a CRA community development loan.

Return to Top
#456537 - 11/14/05 10:09 PM Re: HMDA & CRA????
Anonymous
Unregistered

Ok. I have a loan secured by a hotel for the purpose of doing improvements on the hotel that is located in a moderate income tract. Could I report that as a HMDA home improvement loan and a CRA community development loan??

Return to Top
#456538 - 11/14/05 10:30 PM Re: HMDA & CRA????
hmdagal Offline
Power Poster
hmdagal
Joined: Dec 2002
Posts: 3,812
Read the commentary in the HMDA GIR (page D-3) regarding 'dwellings'.

Return to Top