10/08/2012
What is the definition of improved property versus unimproved property as it relates to HMDA reporting?
10/01/2012
We did cash out refinance on a customers primary home. The cash out was used to purchase a second home. I know this is HMDA reportable. I am thinking that a purchase trumps the refinance for HMDA. What I am not sure of is what location to use for the HMDA reporting. Should I use the home being purchased or the home being refinanced? The house being purchased is not securing the loan.
09/24/2012
If a person borrows money to do home improvements to a home they do not own but will be renting; is that reportable as home improvement - not owner occupied? We classify and report all of our unsecured home improvement loans.
07/23/2012
If we are not a HMDA reporting bank do we have to post HMDA notices in our lobby?
06/04/2012
Home equity loan, primary residence is collateral, improvements to rental property is purpose. When reporting for HMDA is it owner occupied or non-owner occupied?
04/16/2012
Are we required to disburse a loan on the 4th day of the Rescission period? We have some lenders believing they can disburse the loan any time after the 4th day. As a result, I have run into problems such as when to date the loan on the system and what action taken date to use for HMDA reporting.
04/16/2012
How should we report income on the HMDA LAR for an application that was withdrawn by the applicant prior to our credit decision?
01/16/2012
We have an ongoing disagreement in the office concerning the proper credit bureau reporting of loans, auto and real estate, that are taken out by individuals but are used for business purposes. Do we report these as loans made to the individuals or not report them at all because of the business purpose?
01/09/2012
We have a business entity purchasing a property to be used as a rental property. The loan officer obtained personal guaranties. For HMDA we know this is reportable as purchase. My question is about the GMI. Do we report this as business entity not applicable or do we need to report the GMI on the personal guarantees?
12/12/2011
HMDA Reporting: I am doing a loan on bare land but it is a home improvement loan to do repairs on the current house they live in. For Property Type, Occupancy, County, Census Tract, and Lien Status which property do I use? Do I use the same property to answer all the questions?