Answer:
HMDA does not reference improved or unimproved property.
You have to look at the definitions for reporting purposes. A home purchase is the purchasing of a dwelling (with or without real property), a home improvement loan is for improving a dwelling (with or without real property) or improving the real property that a dwelling is located on and a refinancing is the refinancing of a dwelling (with or without real property).
First published on BankersOnline.com 10/8/12