Answer:
The answer is the same for 2017 and 2018: if the loan sale is not completed by 12/31 of the reporting year, report that the loan was not sold in the calendar year, Code 0. HMDA is reporting as of a point in time, 12/31 of the reporting year. Similarly, do not report loans that you plan to purchase when the purchase transaction is not yet completed by 12/31 of the reporting year.
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Learn more about Kathleen Blanchard’s webinar
Reporting Purchased Loans for HMDA 2017 and 2018