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hi my name is adam whitmer im the founder and host of compliancecohort.com this compliance clip is going to talk about a humda temporary construction loan that has been modified specifically i received this question recently this question said we had a construction loan that we were unable to sell on the secondary market for permanent financing like we intended we ended up doing a modification on our in-house portfolio for a term of 20 years since we did not report the temporary financing construction loan would we now report this modification on our hummed alarm it is a dwelling secured closed end and no longer temporary and previously not reported on our honda larp so what we have here is a loan that the bank did in their in-house portfolio as a construction loan and the customer was planning to get a new loan on the secondary market so the initial loan was temporary financing because it was designed to be replaced by another loan to the same borrower of a much longer term thus the