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Reporting the Balance of Freddie Mac Loan

Answered by: 

Question: 
A director of a bank has a Freddie Mac Loan and the bank is servicing the loan. Does the bank report the current balance as an insider loan on the Schedule RC-M of the Call Report?
Answer: 

If all the bank is doing is the loan servicing and the loan is not on the bank's books, it would not be reportable on the Call Report.

First published on BankersOnline.com 5/9/11

First published on 05/09/2011

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