Q: What property location do we report when a home purchase loan is secured by multiple single family residential properties and the properties are located in different census tracts?
A: As discussed in comment 203.4(a)(9)-2, an institution reports the property taken as security for a home purchase loan. If the institution takes more than one property as security, it should report the property location being purchased if the applicant is purchasing only one property. If the applicant is purchasing multiple dwellings that will secure the loan, the institution has two reporting options:
-Report the property location for one of the properties, or
-Report the loan using multiple entries on the LAR and allocate the loan amount among the properties.
This can be found in - HMDA FAQ#17 of the FAQs. The Federal Reserve Board FAQs can be found at: https://consumercomplianceoutlook.org/2011/second-quarter/hmda-and-cra-data-reporting/