A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
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Transactions<br />
Not <strong>to</strong> be Reported<br />
The following transactions are excluded<br />
from reporting under <strong>HMDA</strong>:<br />
¢ Loans made or purchased in a fiduciary<br />
capacity.<br />
¢ Loans on unimproved land.<br />
¢ Construction loans and other temporary<br />
financing (but constructionpermanent<br />
loans must be reported).<br />
¢ Purchase of an interest in a pool of<br />
mortgages, such as a mortgage participation<br />
certificate, a real estate<br />
mortgage investment conduit<br />
(REMIC), or a mortgage-backed<br />
security.<br />
¢ Purchase solely of loan servicing<br />
rights.<br />
¢ Loans acquired as part of a merger<br />
or acquisition, or as part of the<br />
acquisition of all of the assets and<br />
liabilities of a branch office (defined<br />
at page 5).<br />
¢ The acquisition of only a partial<br />
interest in a home purchase or home<br />
improvement loan or a refinancing by<br />
your institution, even if you have<br />
participated in the underwriting and<br />
origination of the loan (such as in<br />
certain consortium loans).<br />
¢ Prequalification requests for<br />
mortgage loans, as opposed <strong>to</strong><br />
preapproval requests, which must be<br />
reported. See comment 203.2(b)-2.<br />
¢ Assumptions not involving a written<br />
agreement between the lender and<br />
the new borrower.<br />
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