[Angie Cowell]

During processing of a self employed borrower that has multiple businesses, the applicant ended up having negative income. Do we report the negative income or just 0 for income?

Topic

[rcooper]

See p. 23 (FR p. 43110) of the 2017 final rule:

…Finally, the Bureau notes that the
2015 HMDA Final Rule and the 2018
FIG do not include any language that
would bar a financial institution from
reporting an applicant’s gross annual
income as ‘‘0’’ or even a negative
number when that is the accurate figure
that it relied on.117…

[Author]

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