Requirement of reporting reasons behind denial for OTS just is applicable for many years 2010 and prior.
Refinancing Refinancing is any dwelling-secured loan that replaces and satisfies another dwelling-secured loan into the same debtor. The goal of the mortgage being refinanced just isn't strongly related determining if the loan that is new a refinancing for HMDA purposes. Nor may be the borrower's intended utilization of any cash that is additional appropriate to determining whether or not the loan is really a refinancing, although the borrower's intended utilization of the funds will make the transaction a property improvement loan or a property purchase loan. Start to see the definitions of "home purchase loan" and "home enhancement loan." Also look at guideline on multipurpose loans on web page 12 associated with HMDA guide
RID - Respondent or Reporter ID a number that is ten-digit to recognize a HMDA reporting organization. RIDs frequently need leading zeros to meet up with the space requirement. For instance, if the foundation quantity is 12345, the RID that is ten-digit number 0000012345. The amount, which will be assigned by each agency that is supervisory/regulatory along side the agency rule keeps an organization split and unique from another.
Starting with the reporting of 2011 HMDA data, the RID number utilized by each agency when it comes to depository and nondepository organizations because well as his or her agency code are shown into the dining table below. The RID and agency code rules below never connect with the resubmission of 2010 HMDA data. Should your institution has to resubmit 2010 HMDA information, make use of the RID agency and number code which was utilized on the first 2010 HMDA report.