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HMDA Reporting

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Question: 
Is a purchased loan HMDA reportable when the selling or originating bank sells off 100% of the loan and does not hold any interest at all except for servicing?
Answer: 

If you are asking what I think you are if you made the credit decision you will report it as an originated and sold loan and the entity you sold it to will report it as a purchased loan, assuming they are a reporter.

First published on 07/31/2016

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