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#1835298 - 07/22/13 09:00 PM HMDA Confirm
Anonymous
Unregistered

Just wanted to confirm:

the $20 Million loan to refinance a 47 unit condo is:

- A HMDA Loan
- Will be classified on HMDA LAR as a 1-4 Family Not a Multifamily?

Thanks

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#1835304 - 07/22/13 09:07 PM Re: HMDA Confirm Anonymous
manimal Offline
Diamond Poster
manimal
Joined: Feb 2008
Posts: 2,207
Deleted
I just answered in your other post.
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#1835306 - 07/22/13 09:10 PM Re: HMDA Confirm Anonymous
Anonymous
Unregistered

I just was not sure that it is a 1-4 family...

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#1835308 - 07/22/13 09:11 PM Re: HMDA Confirm Anonymous
Anonymous
Unregistered

but we will code it as such...

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#1835314 - 07/22/13 09:17 PM Re: HMDA Confirm Anonymous
manimal Offline
Diamond Poster
manimal
Joined: Feb 2008
Posts: 2,207
Deleted
If anyone else has seen otherwise, I hope they would share. But since all of the condo's are deeded seperately, I always see them coded as 1-4.
_________________________
We're all here 'cause we've lost control.

Innerpartysystem

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#1835341 - 07/22/13 10:15 PM Re: HMDA Confirm Anonymous
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,395
Please don't start multiple threads on the same topic. I'm locking this one now.

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