Be sure to JOIN US on April 9, 2020, for our webinar, “HMDA Covered Transactions”.
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.
March 31st – TRID: Changed Circumstances & Revised Disclosures
April 2nd – Ability to Repay, QM, High Cost & Higher Priced Mortgage Loans
April 9th – HMDA Covered Transactions
April 14th – Applicants & Applications
April 16th – HMDA Data for Large Filers
April 23rd – HMDA Data for Small Filers
Published
2020/03/30
Dave Dickinson