Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums HMDA Woman's Shelter
Thread Options
#1782629 - 02/04/13 06:42 PM Woman's Shelter
SouthoftheBorder Offline
Gold Star
Joined: Feb 2002
Posts: 335
The South
Would a Womans' Abuse Shelter (Multiple Homes) be HMDA reportable?

Return to Top
HMDA

#1782633 - 02/04/13 06:45 PM Re: Woman's Shelter SouthoftheBorder
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,883
Bloomington, IN
Those type shelters are generally considered transient housing.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1782636 - 02/04/13 06:47 PM Re: Woman's Shelter Dan Persfull
SouthoftheBorder Offline
Gold Star
Joined: Feb 2002
Posts: 335
The South
As I thought - the loan operations staff is having a hard time with the class code for this type of property. Any suggestions?

Return to Top
#1782641 - 02/04/13 06:57 PM Re: Woman's Shelter SouthoftheBorder
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,421
It's not HMDA reportable because it's transient like a dorm or a hotel.

Return to Top
#1782642 - 02/04/13 07:00 PM Re: Woman's Shelter SouthoftheBorder
raitchjay Offline
Power Poster
Joined: Oct 2009
Posts: 9,378
OK
Originally Posted By: SouthoftheBorder
As I thought - the loan operations staff is having a hard time with the class code for this type of property. Any suggestions?


If it's a non-profit (guessing) then "commercial RE" probably wouldn't work.....i think our system has a "real estate-other"....maybe something like that would work?
_________________________
I'm fixin' to fix that.

Return to Top

Moderator:  SMQ, CRCM