Answer:
If you are asking what I think you are if you made the credit decision you will report it as an originated and sold loan and the entity you sold it to will report it as a purchased loan, assuming they are a reporter.
HMDA Reporting
Answered by:
Question:
Is a purchased loan HMDA reportable when the selling or originating bank sells off 100% of the loan and does not hold any interest at all except for servicing?
print
share