HMDA Owner Occupancy Question

Posted By: Denny

HMDA Owner Occupancy Question - 10/18/06 03:36 PM

If we make a loan to purchase a dwelling but we secure the loan with a different dwelling, we are supposed to report the property location of the dwelling that secures the loan. Which of the two dwellings do we use to report the owner occupancy code?
Posted By: Dan Persfull

Re: HMDA Owner Occupancy Question - 10/18/06 03:42 PM

You report the information as it applies to the property being reported on the LAR.