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Mobile Homes Attached to Land-Both HMDA?

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Question: 
HMDA. I have a customer that is purchasing a mobile home park which consist of land and 5 mobile homes. We are doing a mortgage on the loan for the land and a separate loan for the 5 mobile homes. This is so we can finance the land loan longer. Since the mobile homes are attached to the land, would both loans still be HMDA reportable?
Answer: 

Are both loans secured by the mobile homes? If so they both are reportable, if not then only the loan secured by the mobile homes is reportable.

First published on BankersOnline.com 4/29/13

First published on 04/29/2013

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