On the exempted data fields, am I correct that some of the fields you type "exempt" and others you type 1111?
On files that are closed for incomplete, we have been using the date the form expires as our action date for several years now, but your manual states, the date of the form. Do we need to be looking to change that, or since we have been doing it this way for several years, do you think we will be OK as long as we stay consistent?
Our bank originated a HMDA reportable loan that had been reviewed and approved by two investors institutions. We do not have delegated authority with any of the investors. What is reported?
Our financial institution is not a HMDA reporter but occasionally will deny an application and do not hand it off to an investor for review?
Our financial institution has engaged a third-party mortgage lender to process our applications, including underwriting, on our behalf. We report these on our HMDA LAR. Our examiners are questioning this and feel the third party should report because they made the credit decisions. What should we do?
If a major home improvement loan that is classified as temporary is refinanced to allow additional time to complete the renovations, is the refinanced loan temporary?
If an application is reviewed by several investors and one approved and purchased the application after closing, while the others denied the application, how is this reported for HMDA?
A 12-month construction loan to a consumer has been originated; the intent is to modify the loan to permanent financing. Will this loan qualify as temporary for HMDA purposes?
I have a HMDA LAR issue on Commercial - Non originated loans. I have received several edit notices - "Q648: If action is 1,2,3,4,5,7 or 8 then the first 20 characters of the ULI should match the reported LEI" when validating my HMDA LAR. These loans are non-originated HMDA Commercial where the ethnicity is "NA". Is this a known issue or something new?
Is a “mini-perm” reported for HMDA as permanent financing or is it excluded as temporary financing?