Which of the following types of transactions are subject to Home Ownership and Equity Protection Act (HOEPA) Section 32 coverage?

Reverse mortgages are not subject to HOEPA Section 32 coverage because they are primarily designed for elderly homeowners who wish to convert their home equity into cash without monthly mortgage payments. These loans have different regulatory frameworks and protections, as they are not classified as high-cost mortgages under HOEPA.

Loans from housing finance agencies often provide favorable terms and are specifically designed to promote homeownership, especially for low- to moderate-income borrowers. While these loans may have certain protections, they don’t typically fall under HOEPA Section 32, as the focus is on high-cost loans rather than the type of agency offering them.

Loans for initial construction of a new dwelling are generally categorized as construction loans and do not meet the criteria for high-cost mortgages under HOEPA. These loans are considered temporary financing and are not subject to the same regulations as permanent mortgages or open-end credit plans.