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Type of Purchaser

Under Regulation C, an institution that originates a loan, and then sells it to more than one entity, reports the "type of purchaser" based on the entity purchasing the greatest interest.

REPORTING TYPE OF PURCHASER on the HMDA LAR

See the “type of purchaser” field on the LAR.

For reporting purposes, use one of the following ten code choices:

Code 0 – "Loan was not originated or was not sold in calendar year covered by register."

Code 1 – "Fannie Mae"

Code 2 – "Ginnie Mae"

Code 3 – "Freddie Mac"

Code 4 – "Farmer Mac"

Code 5 – "Private securitization"

Code 6 – "Commercial Bank, Savings Bank or Savings Association"

Code 7 – "Life insurance company, credit union, mortgage bank or finance company"

Code 8 – "Affiliate institution"

Code 9 – "Other type of purchaser"

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