Posted By: Many Hats
HMDA Reportable - unsec loan to p/o MFH - 05/04/11 12:57 PM
We have an existing loan for a manufactured home. The borrowers are selling the home and there will be a deficiency in the payoff. So, the borrowers have applied for an unsecured loan for the remaining balance.
Is this HMDA reportable? I didn't think so, but it's early and I haven't finished my coffee, so I wanted another opinion.
Is this HMDA reportable? I didn't think so, but it's early and I haven't finished my coffee, so I wanted another opinion.