HMDA LAR Fields Effective 1/1/2018 Comparison with Current HMDA Fields - Updated 7/17/2016 Current Field New/Revised Field

Transcription

1 Current New/Revised Record Identifier Record Identifier 2 2 software may enter this value or bank will enter on every line of LAR this entry is on every line No change Respondent ID Value depends upon type of institution deleted Agency 1=OCC 2=FRS 3=FDIC 5=NCUA 7=HUD or 9=CFPB deleted Legal Entity Identifier (LEI) New 20 characters Application Number Uniform Loan Identifier Application Number up to 25 characters Application Date Application date NA for purchased loans Loan Type Loan type 1 - Conventional (if not insured by FHA, VA or USDA (RHS/FSA) program) 2 - FHA insured 3 - VA guaranteed 4 - FSA/RHS guaranteed Property Type family other than manufactured housing 2 - Manufactured housing (if cannot determine if manufactured, use code 1) 3 - Multifamily housing (5 or more units) Loan Purpose Loan purpose 1= Home purchase 2= Home improvement 3= Refinancing Preapproval Preapproval 1 - Preapproval requested and institution/product/division has a program 2 - preapproval not requested and institution/product/division has a program 3 -institution/ product/division does not have a program Construction method Owner Occupancy Occupancy type 1 - Owner occupied as principal dwelling 2 - Not owner occupied as principal dwelling 3 - Not applicable Maximum 45 characters, first 20 are LEI, up to 23 for application number, last two must be check digits NA for purchased loans 1 - Conventional (if not insured by FHA, VA or USDA (RHS/FSA) program) 2 - FHA insured 3 - VA guaranteed 4 - FSA/RHS guaranteed 1. Home purchase 2. Home improvement 31.Refinancing 32.Cash-out refinancing (consumer only) 4. Other purpose (consumer only) 1. Preapproval requested 2.Preapproval not requested 1.Site-built 2. Manufactured Home 1. Principal residence of applicant/borrower 2.Second residence of applicant/borrower 3. Investment property Deleted field New No change No change deleted Key Compliance Services, LLC 2016 P a g e 1

2 Current New/Revised Loan Amount Loan amount Enter amount, rounded to nearest thousand 110,500 is reported as 111 Report full unrounded loan amount 110,500 will be reported as Action Taken Action taken 1--Loan originated 2--Application approved but not accepted 3--Application denied 4--Application withdrawn 5--File closed for incompleteness 6--Loan purchased by your institution 7--Preapproval request denied 8--Preapproval request approved but not accepted (optional reporting) Action taken date 1.Loan originated 2.Application approved but not accepted 3.Application denied 4.Application withdrawn by applicant 5. File closed for incompleteness 6 Purchased loan 7.Preapproval request denied 8. Preapproval request approved but not accepted (no longer optional reporting) - Preapproval approved not accepted is now mandatory reporting Action taken date Yyyymmdd ( ) Yyyymmdd ( ) No change Street address 456 SOMEWHERE AVE STE 201 NA City Anytown NA State State abbreviation (ex., PA) NA US standard two letter abbreviation Zip Code Full zip code with hyphen MSA/MD 5 digit MSA or MD code, or NA deleted State FIPS Code 2 digit State FIPS* Code deleted, combined with county code 06 California 42 Pennsylvania County Code Property county County FIPS* Code Three digit code with leading zeroes Census tract Census tract 7 characters including decimal point or NA Includes combined state county FIPS* code NA NA Includes complete state county and tract codes without decimal Key Compliance Services, LLC 2016 P a g e 2

3 Current New/Revised Ethnicity of Applicant/ Ethnicity of : 1 1 = Hispanic or Latino 2 = Not Hispanic or Latino 3. Information not provided by applicant in mail, internet or telephone application 1. Hispanic or Latino 11. Mexican 12. Puerto Rican 13. Cuban 14. Other Hispanic or Latino 2. Not Hispanic or Latino 3. Information not provided by applicant in mail, internet or telephone application Ethnicity 2-5 of : 1. Hispanic or Latino 11. Mexican 12. Puerto Rican 13. Cuban 14. Other Hispanic or Latino 2. Not Hispanic or Latino Ethnicity of Co-applicant or co-borrower Ethnicity of : Form Text for Code 14 Ethnicity 1 of Co- Co- 1 = Hispanic or Latino 2 = Not Hispanic or Latino 3. Information not provided by applicant in mail, internet or telephone application 5. No co-applicant If this data field does not contain an entry, leave it blank. Other Hispanic or Latino ethnicity(ies) if 14 is entered. Otherwise, leave this data field blank. 1. Hispanic or Latino 11. Mexican 12. Puerto Rican 13. Cuban 14. Other Hispanic or Latino 2. Not Hispanic or Latino 3. Information not provided by applicant in mail, internet or telephone application 5. No co-applicant Ethnicity 2-5 of Co- Co- 1. Hispanic or Latino 11. Mexican 12. Puerto Rican 13. Cuban 14. Other Hispanic or Latino 2. Not Hispanic or Latino If this data field does not contain an entry, leave it blank. Ethnicity of Co- Co-: Form Text for Code 14 Other Hispanic or Latino ethnicity(ies) if 14 is entered. Otherwise, leave this data field blank. Key Compliance Services, LLC 2016 P a g e 3

4 Current New/Revised Ethnicity of Collected on the Basis of Visual Observation or Surname Ethnicity of Co- Co- Collected on the Basis of Visual Observation or Surname 1.Collected on the basis of visual 2. Not collected on the basis of visual 1.Collected on the basis of visual 2. Not collected on the basis of visual 4. No co-applicant for financial institution for financial institution Applicant/ Race 1 Race 1 of Applicant or 4. Native Hawaiian or Other Pacific Islander 6. Information not provided by applicant in mail, internet or telephone application 7. Not applicable 21. Asian Indian 22. Chinese 23. Filipino 24. Japanese 25. Korean 26. Vietnamese 27. Other Asian 4. Native Hawaiian or Other Pacific Islander 41. Native Hawaiian 42. Guamanian or Chamorro 43. Samoan 44. Other Pacific Islander 6. Information not provided by applicant in mail, internet or telephone application 7. Not applicable Added fields -for Applicant/ Race 2-5 Race 2 5 of Selecting Chinese for example includes the Asian designation because it has the leading 2 4. Native Hawaiian or Other Pacific Islander If this data field does not contain an entry, leave it blank. 21. Asian Indian 22. Chinese 23. Filipino 24. Japanese 25. Korean 26. Vietnamese 27. Other Asian 4. Native Hawaiian or Other Pacific Islander 41. Native Hawaiian 42. Guamanian or Chamorro 43. Samoan 44. Other Pacific Islander If this data field does not contain an entry, leave it blank. Key Compliance Services, LLC 2016 P a g e 4

5 Current New/Revised Co-applicant/ co-borrower Race 1 Race of : Form Text for Code 1 Race of : Form Text for Code 27 Race of : Form Text for Code 44 Race 1 of Co- Co- 4. Native Hawaiian or Other Pacific Islander 6. Information not provided by applicant in mail, internet or telephone application 7. Not applicable 8. No Co-applicant enrolled or principal tribe if 1 is entered. Otherwise, leave this data field blank. Other Asian race(s) if 27 is entered. Otherwise, leave this data field blank. Other Pacific Islander race(s) if 44 is entered. Otherwise, leave this data field blank. 21. Asian Indian 22. Chinese 23. Filipino 24. Japanese 25. Korean 26. Vietnamese 27. Other Asian 4. Native Hawaiian or Other Pacific Islander 41. Native Hawaiian 42. Guamanian or Chamorro 43. Samoan 44. Other Pacific Islander 6. Information not provided by applicant in mail, internet or telephone application 7. Not applicable 8. No Co-applicant Key Compliance Services, LLC 2016 P a g e 5

6 Current New/Revised Co-applicant/ co-borrower race 2-5 Race 2, 3, 4, 5 of Co- Co- 4. Native Hawaiian or Other Pacific Islander If this data field does not contain an entry, leave it blank. 21. Asian Indian 22. Chinese 23. Filipino 24. Japanese 25. Korean 26. Vietnamese 27. Other Asian 4. Native Hawaiian or Other Pacific Islander 41. Native Hawaiian 42. Guamanian or Chamorro 43. Samoan 44. Other Pacific Islander If this data field does not contain an entry, leave it blank. Race of Co-Applicant or Co-: Form Text for Code 1 Race of Co-Applicant or Co-: Form Text for Code 27 Race of Co-Applicant or Co-: Form Text for Code 44 Race of Collected on the Basis of Visual Observation or Surname Race of Co- Co- Collected on the Basis of Visual Observation or Surname enrolled or principal tribe if 1 is entered. Otherwise, leave this data field blank. Other Asian race(s) if 27 is entered. Otherwise, leave this data field blank. Other Pacific Islander race(s) if 44 is entered. Otherwise, leave this data field blank. 1.Collected on the basis of visual 2. Not collected on the basis of visual 1.Collected on the basis of visual 2. Not collected on the basis of visual 4. No co-applicant for financial institution for financial institution Key Compliance Services, LLC 2016 P a g e 6

7 Current New/Revised Sex applicant/ borrower Sex coapplicant/coborrower Sex of Sex of Co-Applicant or Co- Sex of Collected on the Basis of Visual Observation or Surname Sex of Co-Applicant or Co- Collected on the Basis of Visual Observation or Surname Age of 1. Male 2. Female 3. Information not provided by applicant in mail, internet, or telephone application 1. Male 2. Female 3. Information not provided by applicant in mail, internet, or telephone application 5. No co-applicant 1. Male 2. Female 3. Information not provided by applicant in mail, internet, or telephone application 6. Applicant selected both male and female 1. Male 2. Female 3. Information not provided by applicant in mail, internet, or telephone application 5. No co-applicant 6. Co-applicant selected both male and female 1.Collected on the basis of visual 2. Not collected on the basis of visual 1.Collected on the basis of visual 2. Not collected on the basis of visual 4. No Co-applicant 24 in whole years Not applicable New Code 6 New Code 6 for financial institution for financial institution Age of Co-Applicant or Co- 24 in whole years Not applicable No co-applicant Income Income 36 or NA Round in thousands Limited to 4 characters so largest income that can be reported is 9999 (9 million, 999 thousand) 36 or NA Round in thousands No limit as long as rounded in thousands 9 thousand = 9 36 thousand = thousand = million would be million would be million would be No blank spaces or zero fillers needed no limit to digits Key Compliance Services, LLC 2016 P a g e 7

8 Current New/Revised Type of Purchaser Type of purchaser 0--Loan was not originated or not sold in calendar year 1--Fannie Mae 2--Ginnie Mae (use if conditionally assign a loan to Ginnie Mae in connection with a mortgage-backed security transaction) 3--Freddie Mac 4--Farmer Mac 5--Private securitization 6--Commercial bank, savings bank, or savings association 7--Life insurance company, credit union, mortgage bank, or finance company 8--Affiliate institution 9--Other type of purchaser Rate spread Rate spread Enter the rate spread to two decimal places, and use a leading zero. If the spread is is a figure with more than two decimal places, round the figure or truncate the digits beyond two decimal places Or NA HOEPA status HOEPA status 1 - subject to HOEPA 2 - Not subject to HOEPA Lien status Lien status 1 first lien 2 subordinate lien 3 not secured by a lien 4 not applicable (purchased loans) Credit score of Credit score of Co- Co- 0. Not applicable not originated or not sold in calendar year 1. Fannie Mae 2. Ginnie Mae 3. Freddie Mac 4. Farmer Mac 5. Private securitizer 6. Commercial bank, savings bank, or savings association 71.Credit union, mortgage company, or finance company 72. Life insurance company 8. Affiliate institution 9. Other type of purchaser All spreads are reported for applicable loans. Enter, as a percentage, to at least three (3) decimal places or NA. Numbers calculated to beyond three (3) decimal places may either be reported beyond three (3) decimal places or rounded or truncated to three (3) decimal places. If the APR is less than the APOR, enter a negative number. Examples: Or NA 1. High-cost mortgage 2.Not a high-cost mortgage 3.Not applicable 1. Secured by a first lien 2. Secured by a subordinate lien Not applicable Not applicable 9999 No co-applicant Key Compliance Services, LLC 2016 P a g e 8

9 Current New/Revised Name and Version of Credit Scoring Model for applicant or borrower Name and Version of Credit Scoring Model for applicant or borrower Form Text for Code 8 above Name and Version of Credit Scoring Model for Co- Co- Name and Version of Credit Scoring Model for Co- Co- Form Text for Code 8 above Denial Reason 1 Reason for Denial 1 1.Debt-to-income ratio 2.Employment history 3.Credit history 4.Collateral 5.Insufficient cash (downpayment, closing costs) 6.Unverifiable information 7.Credit application incomplete 8.Mortgage insurance denied 9.Other, or Blank 1.Equifax Beacon Experian Fair Isaac 3.FICO Risk Score Classic 04 4.FICO Risk Score Classic 98 5.VantageScore VantageScore More than one credit score 8.Other credit scoring model 9.Not applicable Specify in text the applicant or borrower s other credit scoring model if 8 is entered for model. Otherwise, leave this data field blank Up to 50 characters 1.Equifax Beacon Experian Fair Isaac 3.FICO Risk Score Classic 04 4.FICO Risk Score Classic 98 5.VantageScore VantageScore More than one credit 8.Other credit scoring model 9.Not applicable 10. No co-applicant Specify in text the applicant or borrower s other credit scoring model if 8 is entered for model. Otherwise, leave this data field blank Up to 50 characters 1.Debt-to-income ratio 2.Employment history 3.Credit history 4.Collateral 5.Insufficient cash (downpayment, closing costs) 6.Unverifiable information 7.Credit application incomplete 8.Mortgage insurance denied 9.Other 10.Not applicable Changed - there are now 4 denial reasons and reporting is mandatory for all reporters Key Compliance Services, LLC 2016 P a g e 9

10 Current New/Revised Denial Reasons 2-3 Reason for Denial 2, 3 and 4 Reason for Denial Form Text for Code 9 (Other) 1.Debt-to-income ratio 2.Employment history 3.Credit history 4.Collateral 5.Insufficient cash (downpayment, closing costs) 6.Unverifiable information 7.Credit application incomplete 8.Mortgage insurance denied 9.Other, or Blank 1.Debt-to-income ratio 2.Employment history 3.Credit history 4.Collateral 5.Insufficient cash (downpayment, closing costs) 6.Unverifiable information 7.Credit application incomplete 8.Mortgage insurance denied 9.Other If this data field does not contain an entry, leave it blank Specify in text the Other Denial Reason(s) if 9 is entered. Otherwise, leave this data field blank. Up to 50 characters Changed - there are now 4 denial reasons and reporting is mandatory for all reporters Total loan costs NA If covered but no costs, enter 0 Total points and fees NA If covered but no points and fees, enter 0 Origination charges ( Paid) NA If covered but no charges, enter 0 Discount points NA If covered but no discount points, leave blank Lender credits NA If covered but no lender credit, leave blank Interest rate NA Enter to at least three decimals Prepayment penalty term 24 NA Debt-to-income ratio In months NA Key Compliance Services, LLC 2016 P a g e 10

11 Current New/Revised Combined Loan to Value Ratio NA Loan Term Introductory Rate Period Balloon Payment Interest Only Payments Negative Amortization Other Non- Amortizing Features Property Value Manufactured Home Secured Property Type Manufactured Home Land Property Interest 360 NA In months 24 NA In months 1. Balloon payment 2. No balloon payment 1. Interest-only payments 2. No interest-only payments 1. Negative amortization 2. No negative amortization Descriptions 1. Other non-fully amortizing features 2. No other non-fully amortizing features Enter full unrounded property value NA 1. Manufactured home and land 2. Manufactured home and not land 1. Direct ownership 2. Indirect ownership 3. Paid leasehold 4. Unpaid leasehold 5. Not applicable Code 5 for not a manufactured home Total Units 5 Multi-family Affordable Units Application Channel: Submission of Application 5 NA 1. Submitted directly to your institution 2. Not submitted directly to your institution Key Compliance Services, LLC 2016 P a g e 11

12 Current New/Revised Initially Payable to Your Institution Mortgage Loan Originator NMLSR Identifier Automated Underwriting System 1 Automated Underwriting Systems 2, 3, 4, and 5 Automated Underwriting System: Form Test for Code 5 Automated Underwriting System Result 1 1. Initially payable to your institution 2. Not initially payable to your institution NA 1. Desktop Underwriter (DU) 2. Loan Prospector (LP) 3. Technology Open to Approved Lenders (TOTAL) Scorecard 4. Guaranteed Underwriting System (GUS) 5. 0ther 6. Not applicable 1. Desktop Underwriter (DU) 2. Loan Prospector (LP) 3. Technology Open to Approved Lenders (TOTAL) Scorecard 4. Guaranteed Underwriting System (GUS) 5. Other If this data field does not contain an entry, leave it blank Specify in text the Other Automated Underwriting System if Code 5 is entered for any AUS. Otherwise, leave this data field blank. Up to 255 characters 1. Approve/Eligible 2. Approve/Ineligible 3. Refer/Eligible 4. Refer/Ineligible 5. Refer with Caution 6. Out of Scope 7. Error 8. Accept 9. Caution 10. Ineligible 11. Incomplete 12. Invalid 13. Refer 14. Eligible 15. Unable to Determine 16. 0ther 17. Not applicable Key Compliance Services, LLC 2016 P a g e 12

13 Current New/Revised Automated Underwriting System Results 2, 3, 4, and 5 Automated Underwriting System Result Form Text for Code 16 Reverse Mortgage Open End Line of Credit Business or Commercial Purpose 1. Approve/Eligible 2. Approve/Ineligible 3. Refer/Eligible 4. Refer/Ineligible 5. Refer with Caution 6. Out of Scope 7. Error 8. Accept 9. Caution 10. Ineligible 11. Incomplete 12. Invalid 13. Refer 14. Eligible 15. Unable to Determine 16. 0ther If no entry, leave blank Specify in text the Other Automated Underwriting System Result(s) if 16 is entered. Otherwise, leave this data field blank. Up to 255 characters 1. Reverse Mortgage 2. Not a reverse mortgage 1. Open-end line of credit 2. Not an open-end line of credit 1. Primarily for a business or commercial purpose OR 2. Not primarily for a business or commercial purpose * Federal Information Processing Standard Key Compliance Services, LLC 2016 P a g e 13