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#672854 - 01/25/07 11:59 PM Permanent financing of construction
BankerMama Offline
Diamond Poster
BankerMama
Joined: Jun 2001
Posts: 1,543
Do we still report permanent financing of construction loans as "home purchase" or has this changed?

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#672865 - 01/26/07 12:45 AM Re: Permanent financing of construction BankerMama
Geoz Offline
100 Club
Joined: Apr 2003
Posts: 148
Colorado
That's still correct, report as home purchase.

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#672904 - 01/26/07 01:33 PM Re: Permanent financing of construction BankerMama
BankerMama Offline
Diamond Poster
BankerMama
Joined: Jun 2001
Posts: 1,543
You know how it is when you're doing that final "scrub" of HMDA data and get to doubting yourself! I knew that was the case but got to thinking that the change in refinance might have changed it.

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