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#457982 - 11/16/05 09:22 PM HMDA sold loan
Tillie Offline
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Tillie
Joined: Apr 2003
Posts: 266
We closed a loan to purchase a principal residence (loan was not temporary financing) and then 30 days later the loan was sold on the secondary market. New application, new mortgage and new loan documents were prepared for secondary market.

Should this be reported twice?

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Lending Compliance
#457983 - 11/16/05 09:32 PM Re: HMDA sold loan
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
Yes. Although I don't understand the second set of documents, it appears you have a home purchase origination and a sold refinancing origination.
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The opinions expressed are mine and they are not to be taken as legal advice.

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