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Re: HMDA Owner-Occupied

Home Forums Home Mortgage Disclosure Act HMDA Owner-Occupied Re: HMDA Owner-Occupied

#2930
jholzknecht
Keymaster

I am not aware of any Federal Reserve interpretations on this issue, and, of course, the Consumer Financial Protection Bureau has not issued any interpretations since they inherited the regulation last July. The question is whether the owner occupies the dwelling as his/her principal dwelling. Since the owners, the parents, occupy the dwelling as their principal dwelling the answer appears to be yes, the property is owner-occupied as a principal dwelling.