12/13/2010
I had a borrower wanting money to purchase and renovate some rental property using his home equity loan on his personal residence. He wants to finance the rental property and pay the money down on his home equity line to a zero balance, but we are not closing out the home equity line. We do not report home equities on HMDA. Would this be reportable?
11/08/2010
We have a matured loan that we are refinancing. Is it ok to use the same loan number or will the new loan need a new identifier?
11/08/2010
We made a counteroffer that was accepted, and started the application process over, but for HMDA recording we used the new application date instead of the original application date and re-disclosed all prelims. I'm confused about how to handle the original loan request. Shouldn't it be reported as a denial for HMDA purposes?
11/01/2010
When deciding which revenue to use for a CRA small business loan for an individual who files a schedule E-partnerships with passive and non passive income, and also receives K-1s for that company, how do I decide which revenue to use? Do I use line 30 or 31 as appropriate, and add the K-1 distribution back, or do I just use the K-1 distribution amount?
10/25/2010
Our bank is currently not subject to HMDA reporting. If we open a loan production office in a metropolitan statistical area, would this make us a required HMDA reporter?
09/27/2010
Should a Rate Spread be reported on HMDA LAR for HMDA-reportable Action 1 Reverse Mortgages?
08/23/2010
We have a customer who comes to us to obtain a loan to finish construction, so we give him the loan and take a first lien mortgage to finish construction. Do we report this or not? If so, do we report it as a home improvement?
08/23/2010
What constitutes temporary financing with reguard to HMDA? I have a home purchase using a home as collateral and the repayment terms are from the borrower's salary, but the loan is sixty days line of credit. Is it HMDA?
08/16/2010
What determines temporary financing in HMDA reporting?
07/26/2010
Two people own a home. We are doing a loan to one of the individuals to buy the other's interest in the property. Is this a home purchase or home refinance?