Tag Archives: FINANCING

When searching for financing for new manufactured homes, there is an option which many overlook. Investopedia told MHLivingNews recently that the Federal Housing Authority (FHA) makes loans for manufactured homes and land, so called ‘land/home deals’ under the Title II program. Essentially, the FHA loans on a manufactured home have the same kind of terms and conditions as conventional housing. …

CNBC’s Diana Olick was part of an interesting discussion on the relationship of housing pricing, interest rates, access to credit and how they intersect in home buying affordability. “There has long been a saying in the real estate market,” Okick says, “that potential homebuyers don’t buy according to the home price or the mortgage rate. Instead, “they buy the monthly …

Cavco Industries is the second largest consortium of U.S. factory home builders. Cavco, a publicly traded company (CVCO), builds modern manufactured homes, modular homes, vacation and commercial units. They’re a well managed, growing and profitable company, known for quality work. So when Cavco President, CEO and Chairman, Joe Stegmayer speaks, home shoppers, investors and others listen. Inside MH caught up …

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 …

“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 …

Millions of conventional site built houses are still underwater, according to recent reports by RealtyTrac, Bloomberg and the S&P/Case-Shiller index. As the recovery of depressed prices from the housing/mortgage bubble have slowed recently, leaving millions of Americans in homes that are “underwater” on their loans. An “underwater” mortgage is defined as a real estate home with a loan that is …

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 …