- This topic has 1 reply, 2 voices, and was last updated 3 years, 1 month ago by .
-
Topic
-
We have only just begun reporting HELOC transactions to our HMDA LAR and a question has come up surrounding Lender Credits and Recording Charges. First if a $500.00 Lender Credit is given on all HELOC transactions a line item credit, i.e. Portion of Appraisal, Title, Credit ect. Should it be shown as a lender credit or should the total fees simply be reduced by fee paid by the bank. Secondly should recording charges be excluded from a total loan cost as they are on a closed end transaction that would take the cost from Line D?
Viewing 1 replies (of 1 total)
Viewing 1 replies (of 1 total)
- You must be logged in to reply to this topic.