Financing is always a hot topic in manufactured housing. A very common Google search is for mobile or manufactured home loans! If you want more MHLending, and want to keep it simple, jump near the end of this article to Want more access to MH loans? For those who want more details, let’s dive in with the following. Lending has …
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The path to home ownership lay before him, smooth and attainable as never before. All Eric Powell had to do was secure a small loan. He had a steady job, a decent credit score and a wife who happened to work for a bank: What could possibly go wrong? By Jan Hollingsworth for MHLivingNews.com Christmas came a week early for the …
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If you want to wear a tent, then one size can fit all. To have something more tailored to you, we have to have the ability to choose clothing that fits your needs, taste and budget. The same is true for homes. One size doesn’t fit all. We must be allowed to choose. Those choices should include financing options that …
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The Indiana Manufactured Housing Association (IMHA) tells Manufactured Home Living News that staff members of 2nd Indiana District U. S. Congresswoman Jackie Walorski toured the Fairmont Homes factory in Nappanee, IN earlier this month. Fairmont Homes donated this model home to the RV MH Hall of Fame, to see the model, click here. 2nd District Director Ben Falkowski and Field …
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The popularity, understanding and appreciation of manufactured homes is growing day by day, but a key topic we’re routinely asked about is financing. As a “specialty product,” often local lenders ‘just don’t know’ enough about manufactured homes and so they can be reluctant to lend on what what they don’t understand. Thus the importance of specialty lenders in manufactured home …
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Recently, the U.S. House Financial Services Committee acted on and passed the Preserving Access to Manufactured Housing Act (H.R. 1779). This bill would amend the loan amount thresholds under Dodd-Frank that set criteria for manufactured home loans classifying them as “high-cost.” Under current Consumer Financial Protection Bureau (CFPB) guidelines, many small loan amounts originated for manufactured home purchase are unjustly classified …
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“There is no better demonstration of what today’s manufactured home building industry is then walking through a modern production center in full operation!“ exclaimed D. J. Pendleton, Executive Director of the Texas Manufactured Housing Association (TMHA). Pendleton was part of a delegation that included Congressman Bill Flores of Texas, who toured a Fleetwood Homes building center near Waco on June …
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The quality and affordability of modern manufactured homes is being rewarded by growth in new factory-built home construction. According to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing production showed strong increases once more during October 2013. Recently released statistics report that HUD Code home manufacturers produced 6,078 homes in October …
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