HMDA Loan Costs and Points and Fees Fields – One or Both Reported?

Answered by:

Question:

Do we complete the loans costs field and the points and fees field?

Answer:

No, the webinar will explain in detail when each field is used, but you never use both. One of these two fields will always be reported as NA.
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Learn more about Kathleen Blanchard’s webinar
Regulation Z, TRID, and Loans Features – What Do They Have to Do with HMDA?