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#819090 - 09/20/07 02:38 PM CRA Mortgage Loans Considered in an Exam
OneDayAt a Time Offline
New Poster
Joined: Jan 2007
Posts: 12
...are nonowner occupied and investment properties considered in CRA exams.

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CRA
#819465 - 09/20/07 05:39 PM Re: CRA Mortgage Loans Considered in an Exam OneDayAt a Time
Mrs. Rizzo Offline
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Mrs. Rizzo
Joined: Mar 2006
Posts: 10,392
Curled up by the fire...
Other Loan Data
RC-C, Part II of the CALL Report

At an institutions option, it may collect and maintain data concerning loans, purchases and lines of credit extended to small businesses and secured by residential real estate for consideration in the CRA evaluation of it's small business lending
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#819537 - 09/20/07 06:19 PM Re: CRA Mortgage Loans Considered in an Exam Mrs. Rizzo
bubs63 Offline
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bubs63
Joined: May 2003
Posts: 665
Highland Park IL
If the investment was the purchase of residential real estate in would be on your HMDA LAR. If the investment was commercial real estate then it could be on your CRA LR if the loan amount is 1 million or less. As Rizzo states all "other loan data" can be collected and given to the regulators for consideration.
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"truth does not occur in the database" - Actual search result on a goverment website

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