HMDA condo question Home » Topics » Home Mortgage Disclosure Act » HMDA condo question This topic has 1 reply, 2 voices, and was last updated 13 years, 2 months ago by jholzknecht. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts June 13, 2011 at 3:29 pm EDT #2340 AnonymousGuest When you have a condo for collateral on a loan, when is it appropriate to use a 1 as property type rather than a 3 for multi family dwelling? 😐 July 17, 2011 at 9:00 am EDT #2693 jholzknechtKeymaster Welcome to the Forum! 😀 You should enter code 1 (one- to four-faimly) for loans on indivudal condominiums. Use Code 3 if the collateral consists of a building containing five or more units. See page A-1 of the Getting It Right Manual. See https://www.ffiec.gov/hmda/pdf/2010guide.pdf Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In