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Balloon Refi Secured By CD-HMDA Reportable?

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Question: 
We have a consumer balloon loan that was originally for home improvement and secured by a CD, now we are going to refinance the loan to term out the balloon portion and it will be secured by the same CD. Is this HMDA reportable?
Answer: 

No. It does not meet the definition of a home purchase, home improvement or a refinancing.

First published on BankersOnline.com 7/1/13

First published on 07/01/2013

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