Which loan type is NOT included in the Home Mortgage Disclosure Act?

The Home Mortgage Disclosure Act (HMDA) was established to ensure that financial institutions provide accurate data about loan applications, loans, and borrower demographics. This data is crucial for identifying patterns of lending discrimination and promoting fair lending practices.

Vacant land loans are typically not included in the HMDA reporting requirements because the Act focuses on loans that involve existing residential structures or the refinancing of those that meet specific criteria. The purpose of HMDA is to provide insights into the lending patterns associated with home mortgages that serve residential purposes, which does not extend to loans for purchasing vacant land.

On the other hand, second mortgages, purchases of existing housing, and owner-occupied refinances do fall under HMDA's jurisdiction since they pertain to financing for homes that are either currently occupied by the owner or are intended for residency. This direct involvement with residences aligns HMDA's goals with understanding housing-related lending in the broader context of consumer protection and fair lending practices.