04/22/2013
Are rate spreads to be reported on the HMDA LAR only for primary residence loans?
03/18/2013
When completing the Action Date of a refi loan on the HMDA LAR, should the actual closing date of the loan document or funding date following the right of rescission be used?
09/24/2012
If a person borrows money to do home improvements to a home they do not own but will be renting; is that reportable as home improvement - not owner occupied? We classify and report all of our unsecured home improvement loans.
09/03/2012
When filling out the LAR on a secondary home, how do you report the occupancy, owner occupied or not?
08/27/2012
If an applicant starts to apply for a mortgage loan online and early in the process authorizes a credit bureau to be pulled but then never submits the application, are we required to do anything with the information such as send a letter of notice of incomplete application and report on HMDA LAR or is this considered an inquiry that never resulted in a HMDA application?
07/23/2012
If two individuals own a dwelling and have a loan that is secured by the dwelling and one purchases the other's interest in the property, with a dwelling secured loan, is that reported on the HMDA LAR as a Refinance or a Purchase?
06/11/2012
I am unsure if I should report on my HMDA LAR several different loans we have done. The first has the collateral of a stock certificate but the loan was done to purchase a home, another has a perpetual loan agreement as collateral but was done to purchase a home, the last was done by a church to purchase a home they are using as a group home which isn't really considered anyone's primary residence.
06/04/2012
Home equity loan, primary residence is collateral, improvements to rental property is purpose. When reporting for HMDA is it owner occupied or non-owner occupied?
05/14/2012
Do we have to report the rate spread if the loan is not a reg z loan?
05/14/2012
An Initial loan is a multiple advance temporary loan for the purchase of a home $50,000 plus $25,000 Straight Line of Credit to improve the home. The first loan is not HMDA reportable due to temporary. Is the re-write of that loan a refinance (since the new loan satisfies and replaces the first) or is it a purchase (as a construction loan would be a purchase since it is not on the LAR yet?)