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Re: Reporting a loan originated in 2010 but sold in 2011

Home Forums Home Mortgage Disclosure Act Reporting a loan originated in 2010 but sold in 2011 Re: Reporting a loan originated in 2010 but sold in 2011

#2859
JGo9
Participant

In glancing at the HMDA guide to getting it right and by looking at the information that is reported on the LAR, I would say that you would not report the loan again.

To my knowledge there is no way to indicate on the LAR that the loan or a portion of the loan is sold.

On page 9 of the Guide to Getting it Right it states under the heading Transactions Not to be Reported:

The acquisition of only a partial interest in a home purchase or home improvement loan or a refinancing by your institution, even if you have participated in the underwriting and origination of the loan (such as in certain consortium loans).

I know you were the seller and not the buyer to it seems closely related and the closest think I found to your situation.