In many circumstances loans secured by an item as evidenced by a mortgage or deed of trust are purchased by other lenders on the secondary market where the initial lender retains servicing rights for the loan to make money on it.You need to carefully read your loan documents (loan agreement and promissory note) and the mortgage securing the promissory note for your mobile home. A loan's character cannot be changed merely by an assignment and purchase of it. Your loan is and always was a home equity loan or not. The only time a loan changes chacacteristics is when it is refinanced and a new one is obtained.You should contact a representative of the lending institution holding your loan to answer your questions with more specificity.Good luck.