HMDA & Mixed-Use Properties

One of the more difficult aspects of HMDA involves mixed-use properties. This arises when you have a dwelling that's located on a property or within a building used for both residential and non-residential purposes. HMDA applies to “dwellings”, thus a mixed-use property can’t be both a dwelling and a non-dwelling. So, lenders must classify the property or the building as either a dwelling or a non-dwelling. HMDA outlines some ways to help you make the determination of dwelling or non-dwelling.

David explains more in the video.

Ready to learn more? JOIN US for our webinar, “HMDA Advanced Lessons”. Featured topics include:

• Is it a Dwelling?
• Mixed-Use Property Scenarios
• Clarifications for Complicated Data Points
• Demographic Information Scenarios
• Regulation C vs. Regulation B vs. TRID
• N/A vs. Not Applicable vs. Leave it Blank or is it $0?
• Your Questions Clarified!
• The Filing Instructions Guide (FIG) & Much More!

Published
2022/05/19