Forgot I was a member here and found this thread while trying to accomplish the same thing, USB mouse/keyboard/etc AND the MHL adapter going to a TV for a makeshift "computer".
I think I've just come full circle on why this won't work. Pinout of HDMI uses 5 conductors, and there's a 5-pin USB port on the phone. If HDMI is coming out of the phone and is using all 5 pins, that leaves no conductors for USB data such as a flash drive, mouse, keyboard, etc. Not to mention that upon further inspection, the OTG cable female A side (typical USB 2.0 port) I have only has, wait for it.... 4 conductors. So even IF I could find an adapter or make my own, there aren't even enough conductors in the OTG cable, yet alone the standard USB hub. And even if there were, the phone is using all 5 pins to transmit audio/video out anyway so there's no more room for USB data.
Someone prove me wrong?! Please!!!