Customer is using a commercial, mixed use primarily commercial and second home properties to secure a purchase of a commercial pizza kitchen. HMDA Reportable? I am getting hung up on the second home being used as security. My brain is mushy today. Thank you!
Agreed, unless you are refinancing an existing loan secured by the second home to add funds for the purchase...then you would have a reportable refinance. As long as this is a new loan it would not be reportable.
I must confess that I feel like a monster - Skillet