HMDA - cash out loan ??

Posted By: SUSANE1

HMDA - cash out loan ?? - 12/29/11 08:53 PM

Individual put up his rent house as collateral on a loan that the proceeds were used to put cash back into his business. This loan is not to be reported on the HMDA LAR - right?
Posted By: raitchjay

Re: HMDA - cash out loan ?? - 12/29/11 09:12 PM

Right.