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#142853 - 12/23/03 05:31 PM Assignment of Mtg.
Anonymous
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Would an assignment of mortgage from another financial institution be considered a refinance and be covered by HMDA?

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Lending Compliance
#142854 - 12/23/03 06:04 PM Re: Assignment of Mtg.
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
If you are taking an assignment of the mortgage as collateral the loan would not be subject to HMDA. On the other hand if the assignment is where you purchased the loan then it would be reportable as a purchase.
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The opinions expressed are mine and they are not to be taken as legal advice.

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