HMDA Coverage

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 31stTRID: Changed Circumstances & Revised Disclosures

April 2ndAbility to Repay, QM, High Cost & Higher Priced Mortgage Loans

April 9thHMDA Covered Transactions

April 14thApplicants & Applications

April 16thHMDA Data for Large Filers

April 23rdHMDA Data for Small Filers

Dave Dickinson

Want more Free Lending tools? See here – https://store.bankerscompliance.com/link/LendingFD

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