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Re: Parents Home – HMDA Purchase?

Home Forums Home Mortgage Disclosure Act Parents Home – HMDA Purchase? Re: Parents Home – HMDA Purchase?

#2902
dmurray
Participant

I am not understanding this at all. Either that or I haven’t had enough caffiene…

So you did a refi-cash out on the parents home to purchase the son’s home? Or was the parents home paid off prior to? And you didn’t do RESPA or etc?

Depending on if you replaced a lien and if it’s temp financing is if I would report it to HMDA or not.