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HMDA Reportable Loans?

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Question: 
Are refinancings of second homes HMDA reportable?
Answer: 

Why would they not be?

1003.2(p) Refinancing means a closed-end mortgage loan or an open-end line of credit in which a new, dwelling-secured debt obligation satisfies and replaces an existing, dwelling-secured debt obligation by the same borrower.

First published on 04/14/2024

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