A Guide to HMDA Reporting - ffiec

Transactions
Not to be Reported
The following transactions are excluded
from reporting under HMDA:
¢ Loans made or purchased in a fiduciary
capacity.
¢ Loans on unimproved land.
¢ Construction loans and other temporary
financing (but constructionpermanent
loans must be reported).
¢ Purchase of an interest in a pool of
mortgages, such as a mortgage participation
certificate, a real estate
mortgage investment conduit
(REMIC), or a mortgage-backed
security.
¢ Purchase solely of loan servicing
rights.
¢ Loans acquired as part of a merger
or acquisition, or as part of the
acquisition of all of the assets and
liabilities of a branch office (defined
at page 5).
¢ 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).
¢ Prequalification requests for
mortgage loans, as opposed to
preapproval requests, which must be
reported. See comment 203.2(b)-2.
¢ Assumptions not involving a written
agreement between the lender and
the new borrower.
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