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Report Race/Sex/Ethnicity of Co-Signer HMDA Loan?

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Question: 
Do you report the ethnicity, race, and sex of a co-signer on a HMDA reportable loan?
Answer: 

You should collect GMI on all borrowers (even cosigners). You report the first two borrowers on the note. A cosigner is a borrower, they just aren't receiving benefit from the loan.

First published on BankersOnline.com 4/9/12

First published on 04/09/2012

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Filed under lending as: 

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