Question regarding multiple properties:
2 loans made at one time. First loan is c/o refi of primary residence for construction funds of an investment property. 2nd loan made is in the amount of $194500: $145,000 is for the purchase of land, which is securing the loan. In addition the loan will also be secured by a 2nd DOT on their PR, in the amount of $49,500.
Is the second loan HMDA reportable? If so, in what respect?
Thank you in advance