www.hudclips.org 


U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
WASHINGTON, D. C. 20410-8000

July 18, 1990
 OFFICE OF THE ASSISTANT SECRETARY FOR
 HOUSING-FEDERAL HOUSING COMMISSIONER
MORTGAGEE LETTER  90-25
TO:  ALL APPROVED MORTGAGES
SUBJECT:  HOME MORTGAGE DISCLOSURE REPORTING REQUIREMENTS
 
    The Home Mortgage Disclosure Act of 1975 (HMDA), as originally enacted,
required financial institutions affiliated with depository institutions or
holding  companies to disclose annually their originations and purchases of
mortgage loans by census tract and by type of loan.  HMDA was amended by
the Financial Institutions Reform, Recovery and Enforcement Act of 1989
(FIRREA), which expanded the coverage of HMDA to include mortgage lenders
that are not affiliated with depository institutions or holding companies.
 
                          Regulation C Mortgagees
 
    The amendments enacted in FIRREA require all covered institutions to
report data regarding applications for mortgage loans in addition to data
regarding originations and purchases of such loans.  Most of these
institutions are also required to report the race, sex, and income of loan
applicants.
 
    Mortgagees are required by HMDA and Regulation C of the Federal Reserve
Board, published as 12 CFR Part 203, to collect and report this data if
they meet the following criteria:
 
    o  Have assets of more than $10 million (including assets of their
       parent organizations),
 
    o  Have home offices located in Metropolitan Statistical Areas
       (MSAs), or received applications for or purchased five or more
       loans in properties located in an MSA, and
 
    o  Are not otherwise exempt by the Federal Reserve Board regulation.
 
Mortgagees meeting the Regulation C criteria are required to collect this
data annually, beginning with calendar year 1990.  This data is to be
reported no later than the first day of march of the year following the
calendar year for which the data is reported, commencing March 1, 1991.
The data is to be reported on the loan/application register format
prescribed in Regulation C (copy attached) and sent to the Federal
supervisory agency specified in Appendix A to Regulation C.  For purposes
of HMDA, HUD is the Federal regulatory agency for all financial
institutions which meet the criteria of Regulation C but are not regulated
by other Federal agencies, i.e., mortgage bankers.
 
_____________________________________________________________________
 
                                      2
 
     The preferred method of loan register submissions is a computer tape
facsimile of form FR-HMDA-LAR, although non-automated FR-HMDA-LARs are
acceptable.  Automation instructions for machine-readable input are set
forth in Appendix A to this Mortgagee Letter.  There will be an error or
edit checking process at the Federal Reserve for both automated reports and
non-automated reports.  Mortgagees will have to correct mistakes detected
through the edit process.  A copy of the edit routine is attached for
mortgagees that wish to pre-edit the data before submission.
 
     Mortgagees are required to retain their HMDA reports, which will be
sent to them by the Federal Financial Institutions Examination Council, for
at least five years.  Mortgagees are responsible for having the data report
available for public use within thirty (30) calendar days after receipt of
the reports.
 
     ALL FHA MORTGAGEES MEETING THE REGULATION C CRITERIA ARE REQUIRED TO
(1) COLLECT THE FOLLOWING DATA REGARDING THEIR ORIGINATIONS AND PURCHASE
OF ALL MORTGAGE LOANS--FHA, VA, FARMER'S HOME, AND CONVENTIONAL---AND
APPLICATIONS FOR SUCH LOANS, EVEN IF THE LOANS WERE NOT MADE: TYPE OF LOAN,
CENSUS TRACT, RACE, SEX, AND INCOME OF EACH APPLICANT, AND (2) REPORT SUCH
DATA TO THE APPROPRIATE FEDERAL SUPERVISORY AGENCY.
 
                                 FHA Mortgagees
 
     HMDA also requires the Secretary of HUD to make publicly available,
in a manner comparable to the information required to be made publicly
available for mortgagees meeting the criteria set forth above, data in
the Secretary's possession for each mortgagee which is not otherwise
subject to the requirements of HMDA, and the Fair Housing Act imposes a
duty upon the Secretary to make studies with respect to the nature and
extent of discriminatory housing practices.  In furtherance of both of
these statutes, FHA mortgagees that are not otherwise required to comply
with HMDA, even if supervised by a Federal financial regulatory agency,
must report such data concerning FHA insured mortgage loans made and
purchased, and applications for FHA insured mortgage loans to the
Secretary of HUD.
 
     Data shall be reported to HUD in the same manner as described above
for data reported to Federal Supervisory agencies pursuant to Regulation C.
 
     Because HUD has no way of knowing which mortgagees are required to
report to a Federal supervisory agency specified in Regulation C,
mortgagees reporting to such agencies must also report to HUD the required
information with regard to their originations and purchases of mortgage
loans insured by FHA, and applications for FHA insured loans.  These
mortgagees shall also report (1) if these indicated data were included in
a report to a Federal supervisory agency pursuant to Regulation C, and
(2) the name of the agency to which the report was made.
 
_____________________________________________________________________
 
                                    3
 
     Reports relating to FHA-insured mortgages and applications for
FHA-insured mortgages submitted to HUD will not be sent to the Federal
Financial Institutions Examination Council, and mortgagees are not required
to have this information available for public use.
 
     When data are reported by paper report, FR-HMDA-LAR, indicate the
Respondent I.D. control number and Agency code in the boxes on the
transmittal sheet and the data pages.  When data are reported on magnetic
tape, indicate the sane information in the appropriate field of the
automated record attached.  See Appendix B to this Mortgagee Letter,
Information For Reporting Institutions.
 
     Commencing in 1991, completed loan registers for the preceding
calendar year are to be sent to the following address no later than March
1 of each year:
 
     Assistant Secretary for Housing - FHA Commissioner
     HMDA Reporting - Room 9233
     Department of Housing and Urban Development
     Washington, D. C.  20410
 
     Mortgagees not complying with the HMDA requirements will be subject to
review and possible sanction by HUD's Mortgagee Review Board.
 
     In addition to Regulation C, mortgagees may obtain further guidance
from the "Guide to HMDA." The guide is currently being revised by the
Federal Reserve Board.  It can be obtained after it is made available by
writing to:
 
       Dr. William F. Shaw, Director
       Information Systems Division
       Room 9241
       Department of Housing and Urban Development
       Washington, D. C.  20410
 
       Dr. Shaw's telephone number is (202) 708-2190.
 
     Any questions concerning this letter or HMNA requirments may also be
directed to Dr. Shaw.
 
                                             Very sincerely yours,
 
                                             ____________________________
                                             C. Austin Fitts
                                             Assistant Secretary for
                                               Housing-Federal Housing
                                               Commissioner
 
_____________________________________________________________________
 
                                  Appendix A
 
                    Automation instructions for Home Mortgage
                       Disclosure Act (HMDA) reporting to
                U.S. Department of Housing and Urban Development
 
         The tape format is 9 track EBCDIC, unlabeled, blocked 500
    per record.
 
         The tape file consists of two record types; the first record
    is the Transmittal Sheet with 304 bytes, and identified as record
    type "1".  The other record type is the detail line item data
    from the Loan/Application Register, consisting of 152 bytes, and
    is identified as record type "2".  The detail layout for these
    two record types follow:
 
    Note:     Reported income must be annual income.
 
_____________________________________________________________________
___________________________________________________________________________
        Record layout for Loan/Application Register Transmittal Sheet
___________________________________________________________________________
Record Identification
(if file contains multiple record type)
 
      "1" = Transmittal Sheet
___________________________________________________________________________
 
                           Bytes
                 ___________________________       Comments, values,
Element Label     Starting  Ending  Length  Type*  keys, etc.
___________________________________________________________________________
 
1. Record ID          1       1       1       N    Always = 1
___________________________________________________________________________
 
CONTROL NUMBER                                     FHA approved
2. Respondent ID      2      11      10      AN    mortgagee ID
___________________________________________________________________________
 
                                                   1 OCC;  2 FRS;
3. Agency Code       12      12       1       N    3 FDIC; 4 OTS;
                                                   5 NCUA; 7 HUD
___________________________________________________________________________
 
4. Timestamp         13      22      10       N    zeros
___________________________________________________________________________
 
5. Transaction                                     1 = delete, 2 = add;
   Code              23      23       1       N    3 = revise/replace
                                                   4 = special (resend)
___________________________________________________________________________
 
6. Activity
   year              24      27       4       N    ccyy (e.g. 1990, etc)
___________________________________________________________________________
 
RESPONDENT, MAILING ADDRESS
7. Respondent
   Name              28      57      30      AN
___________________________________________________________________________
 
8. Respondent
   Address           58      97      40      AN
___________________________________________________________________________
 
9. Respondent
   City              98     122      25      AN
___________________________________________________________________________
* AN - Alphanumeric
   N - Numeric
___________________________________________________________________________
 
                                  A-2
 
_____________________________________________________________________
___________________________________________________________________________
Record Layout for Loan/Application Register Transmittal Sheet
 
___________________________________________________________________________
Record Identification
(if file contains multiple record type)
 
     "l" = Transmittal Sheet
___________________________________________________________________________
 
                         Bytes
                 __________________________        Comments, values,
Element Label     Starting  Ending  Length  Type*  keys, etc.
 
10. Respondent
    State           123       124      2     AN    2 Character Postal Code
___________________________________________________________________________
 
11. Respondent
    Zip Code        125       134     10     AN    Left Justified
___________________________________________________________________________
 
PARENT MAILING ADDRESS
12. Parent Name     135       164     30     AN    If Any
___________________________________________________________________________
 
13. Parent
    Address         165       204     40     AN    If Any
___________________________________________________________________________
 
14. Parent
    City            205       229     25     AN    If Any
___________________________________________________________________________
 
15. Parent
    State           230       231      2     AN    2 Character Postal Code
___________________________________________________________________________
 
16. Parent
    ZIP Code        232       241     10     AN    Left Justified
___________________________________________________________________________
 
CONTACT PERSON
17. Name            242       271     30     AN    For Report Questions
___________________________________________________________________________
 
18. Phone Number    272       283     12     AN    aaa-eee-nnnn
 
___________________________________________________________________________
* AN-AlphaNumeric
   N-Numeric
___________________________________________________________________________
 
                                   A-3
 
_____________________________________________________________________
___________________________________________________________________________
Record Layout for Loan/Application Register Transmittal Sheet
 
___________________________________________________________________________
Record Identification
(if file contains multiple record type)
 
     "l" = Transmittal Sheet
___________________________________________________________________________
 
                        Bytes
                 __________________________        Comments, values,
Element Label     Starting  Ending  Length  Type*  keys, etc.
___________________________________________________________________________
 
19. Edit Status
    Code            284       284      1     AN     = blank
___________________________________________________________________________
 
20. Edit Error
    Flags           285       304     20     AN       = blank
___________________________________________________________________________
 
___________________________________________________________________________
 
___________________________________________________________________________
 
___________________________________________________________________________
 
___________________________________________________________________________
 
___________________________________________________________________________
 
___________________________________________________________________________
 
___________________________________________________________________________
* AN - AlphaNumeric
   N - Numeric
___________________________________________________________________________
 
                                  A-4
 
_____________________________________________________________________
___________________________________________________________________________
Record Layout for Loan/Application Register Data
___________________________________________________________________________
 
Record    Identification
(if file contains multiple record type)
       "2" = Data.
___________________________________________________________________________
 
                            Bytes
                  __________________________       Comments, values,
Element Label      Starting  Ending  Length  Type* keys, etc.
___________________________________________________________________________
 
1. Record ID          1        1       1      N    Always = 2
___________________________________________________________________________
 
CONTROL NUMBER        2       11      10     AN    FHA approved mortgage
2. Respondent ID                                   ID If not FHA
                                                   approved enter zeros
___________________________________________________________________________
 
                                                   1 OCC:  2 FRS;
3. Agency Code       12       12       1      N    3 FDIC; 4 OTS;
                                                   5 NCUA; 7 HUD
___________________________________________________________________________
 
4. Timestamp         13       22      10      N    enter zeros
 
___________________________________________________________________________
                                                   1 = delete; 2 = add;
5. Transaction                                     3 = revise/replace
   Code              23       23       1      N    4 = special (resend)
___________________________________________________________________________
 
6. Loan/
   Application       24       48      25     AN    Any combination of AN
   Number
___________________________________________________________________________
 
7. Application       49       56       8     AN    mm/dd/yy or
   Date                                            NA left justified
___________________________________________________________________________
 
8. Type of Loan      57       57       1      N    1 through 4
___________________________________________________________________________
 
9. Purpose of
   Loan              58       58       1      N    1 through 4
___________________________________________________________________________
*AN - Alphanumeric
  N - Numeric
___________________________________________________________________________
 
                                   A-5
 
_____________________________________________________________________
___________________________________________________________________________
Record Layout for Loan/Application Register Data
 
___________________________________________________________________________
Record Identification
(if file contains multiple record type)
       "2" = Data.
___________________________________________________________________________
 
                             Bytes
                ___________________________        Comments, values,
Element Label    Starting   Ending  Length  Type*  keys, etc.
___________________________________________________________________________
 
10. Occupancy        59        59      1      N    1 through 3
___________________________________________________________________________
 
                                                   In Thousands (rounded)
11. Loan Amount      60        64      5      N    (do not enter commas)
___________________________________________________________________________
 
12. Type of
    Action Taken     65        65      1      N    1 through 6
___________________________________________________________________________
 
13. Date of
    Action           66        73      8     AN    mm/dd/yy
___________________________________________________________________________
 
                                                   FIPS Code with leading
14. MSA of           74        77      4     AN    zeros or NA left
    Property                                       justified
___________________________________________________________________________
 
                                                   FIPS Code with leading
15. State Code       78        79      2     AN    zeros or NA left
                                                   justified
___________________________________________________________________________
 
                                                   FIPS Code with leading
16. County Code      80        82      3     AN    zeros or NA left
                                                   justified
___________________________________________________________________________
 
                                                   Include decimal point
17. Census Tract     83        89      7     AN    and any leading/
    Number                                         trailing zeros or
                                                   NA left justified
___________________________________________________________________________
 
18. Applicant
    Race             90        90      1      N    1 through 8
___________________________________________________________________________
AN - AlphaNumeric
 N - Numeric
___________________________________________________________________________
 
                                  A-6
 
_____________________________________________________________________
___________________________________________________________________________
Record Layout for)r Loan/Application Register Data
 
___________________________________________________________________________
Record Identification
(if file contains multiple record type)
       "2" = Data.
___________________________________________________________________________
 
                            Bytes
                 _________________________         Comments, values,
Element Label     Starting  Ending  Length  Type*  keys, etc.
___________________________________________________________________________
19. Co-Applicant
    Race             91        91      1      N    1 through 8
___________________________________________________________________________
 
20. Applicant Sex    92        92      1      N    1 through 4
___________________________________________________________________________
 
21. Co-Applicant
    Sex              93        93      1      N    1 through 4
___________________________________________________________________________
                                                   Annual income
                                                   In Thousands (rounded)
22. Applicants       94        97      4     AN    (do not enter commas)
    Annual Income                                  or NA left justified
___________________________________________________________________________
 
23. Type of          98        98      1     AN    0 through 9
    Purchaser                                      or Blank
    (If Sold)
___________________________________________________________________________
 
24. Denial Reason    99        99      1     AN    Blank or 1 through 9
    1 (Optional
    Item)
___________________________________________________________________________
 
25. Denial Reason   100       100      1     AN    Blank or 1 through 9
    2 (Optional
    Item)
___________________________________________________________________________
 
26. Denial Reason   101       101      1     AN    Blank or 1 through 9
    3 (Optional
    Item)
___________________________________________________________________________
 
27. Edit Status     102       102      1     AN    Blank
    Code
___________________________________________________________________________
 
28. Edit Error
    Flags           103       152     50     AN    Blank
___________________________________________________________________________
* AN - AlphaNumeric
   N - Numeric
___________________________________________________________________________
 
                                  A-7
 
_____________________________________________________________________
 
                 Loan/Application Register Edit Reference Index
 
                  **     Edits for public    **
 
Column              Description Reference
 
   A                Application or Loan Number
   B                Date Application Received (MM/DD/YY)
   C                Type
   D                Purpose
   E                Occupancy
   F                Amount of Loan (in thousands)
 
                    Action Taken
 
   G                Type
   H                Date (MM/DD/YY)
 
                    Property Location
 
   I                MSA Number
   J                State Code
   K                County Code
   L                Census Tract
 
                    Applicant Information
 
   M                Race or National Origin of Applicant
   N                Race or National Origin of Co-Applicant
   O                Sex of Applicant
   P                Sex of Co-Applicant
   Q                Income (in thousands)
 
   R                Type of Purchaser of Loan
   S                Reason(s) for Denial
 
                                     A-8
 
_____________________________________________________________________
 
                                         Form FR HMDA-LAR
                                         OMB No. 7100-0247.  Approval
                                         expires December 31,1992
                                         Hours per response: 10-750
                                         (120 average)
                                         This report is required by law
                                         (12 USC 2801-2810 and 12 CFR 203
 
LOAN/APPLICATION REGISTER                Control Number (agency use only)
 
TRANSMITTAL SHEET                        _________________________ - _____
 
You must complete this transmittal sheet (please type or print) and attach
it to the Loan/Application Register, required by the Home Mortgage
Disclosure Act, that you submit to your supervisory agency.
 
The Loan/Application Register that is attached covers activity during
19 _____ and contains a total of ___ pages.
 
Enter the name and address of your institution.  The disclosure statement
that Is produced by the Federal Financial Institutions Examination Council
will be mailed to the address you supply below:
 
        __________________________________________________________________
                                             Name
 
           _______________________________________________________________
                                            Address
 
           _______________________________________________________________
                                        City, State, ZIP
 
Enter the name and telephone number of a person who may be contacted if
questions arise regarding your report:
 
            __________________________________     _______________________
                           Name                        Telephone Number
 
If your institution is a subsidiary of another institution or corporation,
enter the name of your parent:
 
            ______________________________________________________________
                                          Name
 
            ______________________________________________________________
                                         Address
 
            ______________________________________________________________
                                     City,  State, ZIP
 
Enter the name and address of your supervisory agency:
 
            ______________________________________________________________
                                          Name
 
            ______________________________________________________________
                                         Address
 
            ______________________________________________________________
                                     City,  State, ZIP
 
An officer of your institution must complete the following section.
 
                           I certify to the accuracy of this report.
 
   _____________________________     ____________________________  _______
           Name of Officer                    Signature             Date
 
_____________________________________________________________________
 
                                   Appendix   B
 
                   INFORMATION FOR REPORTING INSTITUTIONS
 
                                              Respondent
                                              ID Control      Agency
                        Report should         Number 10       Code
Type of Reporter        cover                 digits          1 Digit
________________        ________________      ____________    ____________
 
1.   FHA lenders        All applications      FHA approved    7 (=HUD)
     meeting HMDA       and loan              Mortgagee
     asset and          purchases             number
     location test      required by HMDA
     and HUD
     as regulator
 
2.   FHA lenders        All FHA               FHA approved    7 (=HUD)
     not meeting        applications          Mortgagee
     HMDA asset         and purchases         number
     and location
     test and
     HUD as
     regulator
 
3.   FHA lenders        All FHA               ID assigned     code
     meeting HMDA       applications          by regulator*   identifying
     asset and          and purchases                         regulator*
     location test
     and another
     Federal Agency
     as regulator
 
4.   FHA lenders        All FHA               FHA approved    1=OCC  2=FRS
     not meeting        applications          mortgagee       3=FDIC 4=OTS
     asset and          and purchases         number          5=NCUA 7=HUD
     locality test
     and another
     Federal Agency
     as regulator
 
5.   Non-FHA lenders    All applications      Zeros           7 ( =HUD)
     meeting HMDA       and loan
     asset and          purchases
     location test      required by
     with HUD as        HMDA
     regulator
 
     *Same as on HMDA tranmission to regulator
 
_____________________________________________________________________
 
                                 Appendix
 
VALIDITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT - LOAN/APPLICATION REGISTER
___________________________________________________________________________
 
                                                             Error
EDCK     Transaction Item(s)         Edit Test               Explanation
____     ___________________         ____________________    _____________
 
Transmittal Sheet (only)
________________________
 
100      Activity Year               Activity Year must =    Invalid
                                     year being processed    Activity Year
                                     (>1989).
 
105      Respondent Mailing          Respondent name,        Respondent
         Address                     address, city, state,   name, address,
                                     and zip must not be     city, state
                                     blank.                  or zip is
                                                             missing.
 
110      Parent Mailing              If respondent is a      Parent name,
         Address                     mortgage banking        address, city,
                                     subsidiary, then        state, or zip
                                     Parent name, address,   is missing
                                     city, state, and        for mortgage
                                     zip must not be         banking
                                     blank.                  subsidiary
 
115      Contact Name                Name of contact         Name for
                                     person must not         contact
                                     be blank.               person is
                                                             missing.
 
                                        A-10
_____________________________________________________________________
 
                                                             Error
EDCK     Transaction Item(s)         Edit Test               Explanation
____     ___________________         ____________________    _____________
 
120      Contact Telephone           Contact person          Telephone
         Number                      telephone number        number for
                                     must not be blank.      contact person
                                                             is missing
 
Loan/Application Register (only)
 
205      Application/Loan            Column A must not       Information
         Number                      be blank.               missing for
         (Column A)                                          column A
 
210      Date Application            Column B must be        Month, day
         Received                    in MM/DD/YY format;     and/or year
         (Column B)                  year must be numeric,   not valid
                                     month and day must
                                     be in the range
                                     01-12 and 01-31,
                                     respectively or
                                     equal NA.
 
215      Date Application            If column G = 6,        Column G
         Received                    then column B           equals 6 and
         (Column B)                  must = NA.              column B does
                                                             not equal NA
 
220      Loan Type                   Column C must = 1,      Loan type is
         (Column C)                  2, 3, or 4.             missing or is
                                                             not in range
                                                             1-4
 
225      Loan Purpose                Column D must = 1,      Loan purpose
         (Column D)                  2, 3, or 4.             is missing or
                                                             is not in
                                                             range 1-4
 
230      Occupancy                   Column E must = 1,      Occupancy is
         (Column E)                  2, or 3.                missing or
                                                             does not
                                                             equal 1, 2,
                                                             or 3
 
240      Occupancy                   If column D = 4,        Column D
         (Column E)                  then column E must      equals 4 and
                                     = 3.                    column E does
                                                             not equal 3
 
                                    A-11
_____________________________________________________________________
 
                                                             Error
EDCK     Transaction Item(s)         Edit Test               Explanation
____     ___________________         ___________________     _____________
245      Occupancy                   If column I = NA,       Column I
         (Column E)                  then column E must      equals NA and
                                     = 1 or 3.               column E does
                                                             not equal 1
                                                             or 3
 
250      Loan Amount                 Column F must be        Loan amount
         (Column F)                  numeric and > zero.     is invalid
 
255      Action Taken :              Column G must = 1,      Action taken :
         Type                        2, 3, 4, 5, or 6.       type is
         (Column G)                                          missing or
                                                             not in range
                                                             1-6
 
260      Action Taken :              If column S is          Column S is
         Type                        in the range 1-9,       in range 1-9
         (Column G)                  then column G           and column G
                                     must = 3.               does not
                                                             equal 3
 
265      Action Taken :              Column H must be        Month and/or
         Date                        in MM/DD/YY format;     Day and/or
         (Column H)                  month and day must      Year not
                                     be in the range         valid
                                     01-12 and 01-31,
                                     respectively.  YY
                                     must be numeric.
 
270      Action Taken :              Year (YY) reported      Year for
         Date                        in column H, must =     action taken
         (Column H)                  activity year (YY)      does not
                                     for period being        matach
                                     processed.              activity year
 
275      Action Taken :              If column B does not    Action taken :
         Date                        = NA then column H      date is
         (Column H)                  must be >= column B.    earlier than
                                                             application
                                                             date
 
280      MSA Number                  Column I must = a       MSA number is
         (Column I)                  valid MSA FIPS code     missing, does
                                     for period being        not equal NA
                                     processed or NA.        or a valid
                                                             FIPS code
 
_____________________________________________________________________
 
                                                             Error
EDCK     Transaction Item(s)         Edit Test               Explanation
____     ______________________      ____________________    ______________
 
290      MSA/State/County Codes      if column I does not    MSA, State,
         (Columns I, J, and K)       = NA, then columns I,   and County
                                     J, and K must = a       Codes do not
                                     valid combination       equal a valid
                                                             combination
 
300      Census Tract                If column I does not    Census tract
         (Column L)                  = NA, and county is     is missing,
                                     not classified as       or does not
                                     small or untracted,     equal a valid
                                     then column L must      census tract
                                     = a valid census        number for
                                     tract number.           MSA/State/
                                                             County
                                                             combination
 
305      Census Tract                If column L does not    Column L does
         (Column L)                  = NA, then columns I,   not equal NA
                                     J, and K must not       and columns I,
                                     = NA.                   J, and K do
                                                             not equal NA
 
3101   Applicant Race              Column M must = 1, 2,   Applicant race
         (Column M)                  3, 4, 5, 6, 7, or 8.    is missing or
                                                             is not in
                                                             range 1-8
 
315/1/   Co-Applicant Race           Column N must = 1, 2,   Co-Applicant
         (Column N)                  3, 4, 5, 6, 7, or 8.    race is
                                                             missing or
                                                             is not in
                                                             range 1-8
 
320/1/   Applicant Sex               Column O must = 1, 2,   Applicant sex
         (Column O)                  3, or 4.                is missing or
                                                             is not in
                                                             range 1-4
 
325/1/   Co-Applicant Sex            Column P must = 1, 2,   Co-Applicant
         (Column P)                  3, or 4.                sex is missing
                                                             or is not in
                                                             range 1-4
 
_____________________________
   /1/ These edits not applied if depository institution has assets < $30
       million or action type = 6
 
_____________________________________________________________________
 
                                                             Error
EDCK     Transaction Item(s)         Edit Test               Explanation
____     ___________________         ____________________    _____________
 
330/1/   Income                      Column Q must be        Income is
         (Column Q)                  numeric or equal NA.    missing or
                                                             does not
                                                             equal NA
 
335/1/   Income                      If column D = 4,        Column D
         (Column Q)                  then column Q must      equals 4 and
                                     = NA.                   column Q does
                                                             not equal NA
 
340      Type of Purchaser           Column R must = 0,      Type of
         (Column R)                  1, 2, 3, 4, 5, 6,       purchaser is
                                     7, 8, 9, or blank.      not blank or
                                                             in range 0-9
 
345      Type of Purchaser           If column R is blank,   Column R is
         (Column R)                  then column G must      blank and
                                     = 2, 3, 4, or 5.        column G is
                                                             not in range
                                                             2-5
 
350      Type of Purchaser           If column G = 1 or 6,   Column G
         (Column R)                  then column R must      equals 1 or 6
                                     = 0, 1, 2, 3, 4, 5,     and column R
                                     6, 7, 8, or 9.          is not in
                                                             range 0-9
 
355      Reasons for Denial          Column S must = 1, 2,   Column S is
         (Column S)                  3, 4, 5, 6, 7, 8, 9,    not blank or
                                     or blank.               in range 1-9
 
360      Reasons for Denial          Responses for column    Reasons for
         (Column S)                  S must not be the       denial are
                                     same (i.e. 1,1;         the same
                                     1,1,2; 1,2,2; .....).
 
365      Reasons for Denial          If column G = 1 or 6,   Loan was not
         (Column S)                  then Column S must      denied and
                                     = blank.                reason for
                                                             denial should
                                                             equal blank
 
_______________________________
  /1/ These edits not applied if depository institution has assets < $30
      million or action type = 6
 
                                       A-14
 
_____________________________________________________________________
 
QUALITY EDITS FOR HOME MORTGAGE DISCLOSURE ACT - LOAN/APPLICATION REGISTER
 
                                                             Error
EDCK     Transaction Item(s)         Edit Test               Explanation
____     ___________________         __________________      ______________
Q540     Occupancy                   If column C = 3,        Column C
         (Column E)                  then column E must      equals 3 and
                                     = 1.                    column E does
                                                             not equal 1
 
                                       A-15
 
_____________________________________________________________________
 
LOAN/APPLICATION REGISTER
 
     Use the following codes to complete the Loan/Application Register.
     The instructions explain the proper use of each code.
 
Application or Loan Information
 
Type:
 
     1 - Conventional (any loan other than FHA,
         VA or FmHA loans)
     2 - FHA-Insured (Federal Housing
         Administration)
     3 - VA-guaranteed (Veterans Administration)
     4 - FmHA-Insured (Farmers Home
         Administration)
 
Purpose:
 
     1 - Home purchase (one-to-four family)
     2 - Home Improvement (one-to-four family)
     3 - Refinancing (home purchase, one-to-four
         family)
     4 - Multifamily dwelling (home purchase, home
         improvement, and refinancings)
 
Occupancy:
 
     1 - Owner-occupied as a principal dwelling
     2 - Not owner-occupied
     3 - Not applicable
 
Action Taken:
 
     1 - Loan originated
     2 - Application approved but not accepted by
         applicant
     3 - Application-denied
     4 - Application withdrawn
     5 - File closed for incompleteness
     6 - Loan purchased by your institution
 
_____________________________________________________________________
 
LOAN/APPLICATION REGISTER (Continued)
 
Applicant Information
 
Race or National Origin:
 
  1 - American Indian or Alaskan Native
  2 - Asian or Pacific Islander
  3 - Black
  4 - Hispanic
  5 - White
  6 - Other
  7 - Information not provided by applicant
      in mail or telephone application
  8 - Not applicable
 
Sex:
 
  1 - Male
  2 - Femle
  3 - Information not provided by applicant
      in mail or telephone application
  4 - Not applicable
 
_____________________________________________________________________
 
LOAN/APPLICATION REGISTER (Continued)
 
Type of Purchaser
 
  0 - Loan was not sold in calender year
        covered by register
  1 - FNMA (Federal National Mortgage Association)
  2 - GNMA (Govemment National Mortgage
        Association)
  3 - FHLMC (Federal Home Loan Mortgage
        Corporation)
  4 - FmHA (Federal Home Administration)
  5 - Commercial Bank
  6 - Savings Bank or Savings Association
  7 - Life Insurance Company
  8 - Affiliate institution
  9 - Other type of purchaser
 
Reasons for Denial
 
  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