1759 stores Target in the U.S. registered on Stores-Locator.com. Target was originally founded in 1902 as Dayton Dry Goods, but the company has quickly expanded over time. It is headquartered in Minneapolis, where it provides a distribution of products throughout the area.
Quick Answer. HOEPA loans, also called Section 32 mortgages, are mortgage refinancing or home equity installment loans that are covered by the Home Ownership and Equity Protection Act, states the Federal Trade Commission. HOEPA covers high-interest and high-fee loans and bans practices that are considered deceptive or unfair.
According to recent mortgage lending data, most lenders do not extend HOEPA loans. For example, the 2013 HMDA data indicate that 428 lenders (out of a total of 7,190 HMDA reporters) extended 1,873 HOEPA loans, which accounts for less than 2 percent of all refinance and home-improvement loans.