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#2179684 - 05/24/18 06:57 PM Multiple Separate Dwellings,Report How Many Units?
MSB05MS Offline
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Joined: Jan 2008
Posts: 97
When a HMDA reportable loan is secured by multiple single family dwellings (not multifamily structure) we are picking one SFR location to report on the LAR. My question is do you report the actual number of SFR units securing the loan or just the one SFR unit address location reporting?

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#2179688 - 05/24/18 07:08 PM Re: Multiple Separate Dwellings,Report How Many Units? MSB05MS
RR Joker Offline
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The Swamp
Total number of dwelling units securing the loan
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#2179769 - 05/25/18 12:05 PM Re: Multiple Separate Dwellings,Report How Many Units? MSB05MS
RVFlyboy Offline
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Soaring over Georgia
RR Joker is correct. See comment 2 to 1003.4(a)(9). In the last part of that comment it states:
For aspects of the entries that do not refer to the property identified in § 1003.4(a)(9) (i.e., § 1003.4(a)(1) through (4), (7), (8), (10) through (13), (15) through (28), (31) through (38)), Financial Institution A reports the information applicable to the covered loan or application and not information that relates only to the property identified in § 1003.4(a)(9).

The number of individual dwelling units is required by 1003.4(a)(31), so clearly from this comment where I highlighted that (31) is included, we can see that it wants the total number of units for the loan, not just for the identified property.
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#2184146 - 07/05/18 03:20 PM Re: Multiple Separate Dwellings,Report How Many Units? MSB05MS
complyorelse Offline
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Joined: Nov 2007
Posts: 448
U.S.
If one of the homes on the property is site built and another is manufactured, do we report the loan as a site built or manufactured? There are several fields that would be affected by this.

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#2184197 - 07/05/18 05:55 PM Re: Multiple Separate Dwellings,Report How Many Units? MSB05MS
David Dickinson Offline
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David Dickinson
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Central City, NE
You pick one of the home and consistently report it for:

1. Construction Method

2. Occupancy Type

3. Property Address

4. Property Location

5. Lien Status

6. Manufactured Home Secured Property Type

7. Manufactured Home Land Property Interest

Refer to the Commentary to §1003.4(a)(9) #2 and #3.
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#2184210 - 07/05/18 07:12 PM Re: Multiple Separate Dwellings,Report How Many Units? MSB05MS
complyorelse Offline
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Joined: Nov 2007
Posts: 448
U.S.
Thank you. I was interpreting that as perhaps more than one parcel instead of just more than one structure on a single property. Makes sense though and I always appreciate your feedback!

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