Answer:
If the property is owned by all three, it is owner occupied.
Borrower-occupied or not for HMDA purposes?
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Question:
HMDA: If a reportable loan is secured by a residence but the first two borrowers listed it as investment property whereas the third borrower listed it as primary residence, how would you put the occupancy? The first two borrowers are parents of the third borrower, who'll live in the home. Thank you.
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