Changes in LAR numbers

Posted By: raitchjay

Changes in LAR numbers - 04/26/18 02:10 PM

Just curious......2018 HMDA introduces home equity loans (the "other" purpose type) which adds new loans to the LAR...but the ag. purpose exemption has been expanded, which should (for some lenders anyway) subtract loans from the LAR. Just curious what kinds of numbers you're seeing...whether your YTD LAR this year is bigger or smaller than years past. My LAR seems to be right on par for what it's been in previous years.
Posted By: GTS333

Re: Changes in LAR numbers - 04/26/18 05:21 PM

I'm curious about this too.. There is an older thread in this forum where folks chimed in last year with their estimates of how many more loans they would need to report with the inclusion of HELOCs. It sounded like quite a few for most folks, so it would be interesting to hear if that's how things are looking so far this year.
Posted By: Dan Persfull

Re: Changes in LAR numbers - 04/26/18 05:25 PM

No noticeable change for us to date but we don't have to report HELOCs and our Ag loans are very minimal.
Posted By: bOaty

Re: Changes in LAR numbers - 04/26/18 05:44 PM

Last year = 1,400

This year = on track for 5,000+

frown
Posted By: NSF, CRCM

Re: Changes in LAR numbers - 04/26/18 05:58 PM

Originally Posted By bOaty
Last year = 1,400

This year = on track for 5,000+

frown


Ouch