HMDA Flip Loan

Posted By: runner

HMDA Flip Loan - 02/21/12 05:58 PM

Do we need to report on the HMDA report a loan for 12 months interest only for to purchase and rehab a home, to be sale after remodeling is completed.
Posted By: Kathleen O. Blanchard

Re: HMDA Flip Loan - 02/21/12 06:09 PM

Yes. This is covered in the HMDA faqs.