HMDA reporting ethnicity or race
08/06/2017
We understand that we can report up to 5 ethnicities or races on the HMDA LAR. Should we instruct the applicant to select 5?
You can reach Kathleen via email at kblanchard@keycomplianceservices.com,
08/06/2017
We understand that we can report up to 5 ethnicities or races on the HMDA LAR. Should we instruct the applicant to select 5?
07/30/2017
A construction loan was converted to permanent financing by means of a loan modification agreement (sometimes called a change in terms agreement). Is this an extension of credit reportable for HMDA as of 1/1/2018?
07/23/2017
Should every assumption be on the HMDA LAR?
07/16/2017
Land contracts are common in our lending area. Some of them have clauses whereby all funds paid under the agreement count as rent should the lessee of the property default. Are those land contracts HMDA reportable?
07/16/2017
If an older mobile home is not considered a manufactured home, is it a different type of dwelling for HMDA reporting once we are under the revised 2018 rules?
07/09/2017
The financial institution made a closed end mortgage loan secured by raw land. We have an extension of credit but the collateral is not a dwelling. Can we ignore this transaction for HMDA purposes?
07/09/2017
Has anything changed regarding assisted-living properties under the 2018 HMDA rules?
07/02/2017
Will collateral properties owned by a borrower’s relative continue to be reported as owner-occupied under the January 2018 HMDA rules?
06/25/2017
Will two four-unit buildings still be reported as a 1 to 4 family property under the revised 2018 HMDA rules?
06/18/2017
We have heard that manufactured home communities (mobile home parks) secured only by the land and hookups will be HMDA-reportable beginning 1/1/2018. Is this true? The park owner does not rent out any actual homes, just the sites.