Tag Archives: manufactured home loans

Manufactured Home Buyers, Current Mobile/Manufactured Homeowners – Do You Want Lower Cost Manufactured Housing Loans? Practical Legal Insights – Facts & Analysis

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Why is there so little competition in the manufactured home lending market? While there are several interlocking factors, one of the simplest points to make is that the mortgage giants Fannie Mae and Freddie Mac are not doing the robust lending in the manufactured home market as they are doing for conventional housing. What follows is a step-by-step explanation based …

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Affordable Housing, and Today’s Manufactured Homes, Yesteryear’s Mobile Homes

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Affordable housing is an issue from coast-to-coast, border to border – and in islands like the state of Hawaii too.  There are efforts under way to bring more modern manufactured homes to Hawaii, because their affordable housing crisis is so acute.   But as often happens, improper terminology and inaccurate information has crept into their discussion.  That matters in all …

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Triad Financial Services Introduces Superior Choice Credit Union to Manufactured Homes & Loans – Video

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It’s not just consumers who are looking for loans. Lenders and investors are routinely looking for smart ways to loan money. With that in mind, every year for several years in a row, Darrell Boyd, Senior Vice President of Jacksonville, Florida based Triad Financial Services brings officers from banks, credit unions, investors and other financial services professionals to the Louisville Manufactured Housing …

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Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing

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 New Federal regulations, enacted in the wake of the subprime mortgage crisis, are playing a key role in establishing a class of lifetime renters — all in the name of consumer protection. By Jan Hollingsworth for MHLivingNews.com The old man walked into the dealership in rural Kentucky with solid credit and the air of someone who knew exactly what he …

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Greater Accessibility to Manufactured Home Financing in Sight

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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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American Bankers Urged to Lend More on Manufactured Homes

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 American Banker reported on an effort by Doug Ryan and other non-profit leaders to get more lending on manufactured homes by community and other bankers. Ryan is the director for affordable home ownership at the nonprofit Corporation for Enterprise Development (CFED). Ryan points to a recent study done by the Fair Mortgage Collaborative as part of the reason he and …

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