Have a transaction that is requesting to refi an Owner Finance. Would this be report as a refinance or purchase, since technically there was no loan being satisfied (at least not in my mind)?

(p) Refinancing means a closed-end mortgage loan or an open-end line of credit in which a new, dwelling-secured debt obligation satisfies and replaces an existing, dwelling-secured debt obligation by the same borrower.

I would consider the contract between the seller and the buyer to be a dwelling secured debt obligation.

Many of us report these as a refinancing, many others report them as purchases. Make a determination, document your reasoning and report all like loans consistently.

Dan is correct. These can go either way. I'm in the camp of calling it a purchase if there's a title transfer.

This is a topic in which there's more clarification in the 2018 rules. Most every one will be a purchase (there is some wiggle room) under the new rules.

Thanks guys, I appreciate it!