Thread Starter: manimal
Title: Re: HMDA Loan
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Individual condos are treated as 1-4, there are just 47 of them:
See GIR page A-1 (emphasis mine):
4. Property Type. Indicate the property type by entering the applicable code from the following: Code 1—One- to four-family dwelling (other than manufactured housing) Code 2—Manufactured housing Code 3—Multifamily dwelling
a. Use Code 1, not Code 3, for loans on individual condominium or cooperative units.
b. If you cannot determine (despite reasonable efforts to find out) whether the loan or application relates to a manufactured home, use Code 1.
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