Be sure to JOIN US on April 9, 2020, for our webinar, “HMDA Covered Transactions”.
The HMDA Lowdown
When it comes to HMDA, any type of improvement to the real property is a “home improvement” loan. So, if a loan is for underground sprinklers, landscaping, etc., it’s a home improvement loan. Now that’s all fine and dandy if you are talking about a 1-4 family dwelling. When you start talking about improvements to a dwelling with five or more units, the answer could change.
Click on the video to listen to David explain more.
Other Upcoming Lending Webinars:
March 31st – TRID: Changed Circumstances & Revised Disclosures
April 9th – HMDA Covered Transactions
April 14th – Applicants & Applications
April 16th – HMDA Data for Large Filers
April 23rd – HMDA Data for Small Filers