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Hmda Form

Hmda Form

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Instructions and help about hmda worksheet

[Music] thank you [Music] let's go over to the next page page nine  and talk about purpose now if you know   anything about HMDA you might know that  there's a a rule or waterfall that says   we go from purchase and if there's no  purchase money then we move down to   refinance not home improvement it's refinance is  the second waterfall then we have Home Improvement   then we have the other so the coding doesn't  match the priority order right in a sense if   we're talking about of mixed purpose loans when  it comes to this coding it's one three two four   don't ask me why all right that's the first  thing I want to point out in other the second   thing I want to point out is you'll notice it's  not really a three either it's kind of the three   dash one and a 3-2 refinancings with straight  line refinancings or cash out refinancings now   here's another t

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