A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
A Guide to HMDA Reporting - ffiec
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¢ HOEPA Status. Report whether<br />
each loan you originated or purchased<br />
is covered by the Home<br />
Ownership and Equity Protection Act<br />
of 1994 (HOEPA), as implemented in<br />
Regulation Z (12 CFR § 226.32). For<br />
further guidance, see Appendix A,<br />
I.G.3. Coverage under HOEPA,<br />
which requires special disclosures<br />
and regulates the terms of covered<br />
loans, is determined by comparing a<br />
loan’s APR and its points and fees <strong>to</strong><br />
triggers specified in the regulation.<br />
See 12 CFR § 226.32(a) and (b).<br />
¢ Lien Status. For every originated<br />
loan, report whether the loan is<br />
secured by a first or subordinate lien<br />
on a dwelling or is not secured by a<br />
dwelling. For every application that<br />
does not result in an origination,<br />
report whether the loan would be<br />
secured by a first or subordinate lien<br />
on a dwelling or would not be<br />
secured by a dwelling. Instructions<br />
can be found in Appendix A, I.H. Lien<br />
status is <strong>to</strong> be determined by reference<br />
<strong>to</strong> the best information readily<br />
available <strong>to</strong> the lender at the time of<br />
final action and <strong>to</strong> the lender’s own<br />
procedures. For further guidance,<br />
see staff comment 203.4(a)(14)-1.<br />
Applicant Information<br />
A = Applicant CA = Co-Applicant Other Data<br />
A<br />
Race<br />
Sex<br />
CA A CA<br />
Gross<br />
Annual<br />
Income<br />
in<br />
thousands<br />
Type of<br />
Pur<br />
chaser of<br />
Loan<br />
Reasons<br />
for<br />
Denial<br />
(optional) Rate Spread<br />
HOEPA<br />
Status<br />
3 5 8 1 5 24 7 N A . 2 1<br />
3 2 1 2 40 0 1,3 N A . 2 1<br />
5 3 2 1 30 0 4,5 N A . 2 1<br />
Lien<br />
Status<br />
17