Profile for User: srhodes

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  • in reply to: HMDA Data Field – Total Units #12888
    srhodes
    Member

    Yes, my interpretation is that you report the number of units securing the loan. In your case, 2.

    in reply to: HMDA Data Field – Total Units #12639
    srhodes
    Member

    1003.4(a)(9)(2) explains what is expected for reporting total units.
    For aspects of the entries that do not refer to the property identified in § 1003.4(a)(9) (i.e., § 1003.4(a)(1) through (4), (7), (8), (10) through (13), (15) through (28), (31) through (38)), Financial Institution A reports the information applicable to the covered loan or application and not information that relates only to the property identified in § 1003.4(a)(9).

    This is interpreted that you would report total units securing the loan, not just what is related to the property reported.

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