Answer:
The 2010 CRAHMDA Reporter has instructions for repurchases. It states:
Some HMDA reporting institutions may be faced with the decisionto buyback (repurchase) loans from an investor because of defaults (recourse loans) or acquire loans in bulk from another failed institution.
When a loan is repurchased by the originator within the same calendar year as originated, the originator should not report it as sold, and the purchaser (that subsequently puts it back to the originator) should not report it as purchased. However, if the repurchase happens in a subsequent calendar year, all the purchases and repurchases should be reported in their respective calendar years.
The newsletter is available at:http://www.ffiec.gov/hmda/pdf/10news.pdf
First published on BankersOnline.com 4/29/13
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