Posted By: Bec
Loan denied countered with a HELOC and originated - 01/15/18 06:30 PM
We turned down the original application which was for a HMDA reportable loan due to collateral and countered with a HELOC.
The borrower did accept the counter and a HELOC was originated. We elect not to report HELOCs (old rules, origination before 2018) so we would not report anything correct?
The borrower did accept the counter and a HELOC was originated. We elect not to report HELOCs (old rules, origination before 2018) so we would not report anything correct?
