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#2280783 - 02/07/23 11:11 PM HMDA

We are taking a lien on improved property. The property does have a residential structure on it (manufactured home), but the home doesn't have any impact on our loan (we aren't using it to secure the loan).

Is this HMDA reportable? I think not, due to no dwelling securing the loan. It just feels strange to go that route since we know there is a dwelling on the property.

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#2280784 - 02/07/23 11:29 PM Re: HMDA Anonymous
rlcarey Offline
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Joined: Jul 2001
Posts: 81,309
Galveston, TX
If the dwelling remains personal property, your lien on the real property will not attach to the manufactured home. You have a loan secured by bare land in other words.
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