Tag Archives: Richard Cordray

Senators, CFPB Chief Richard Cordray Explain How Current Rules Harm  Manufactured Home Owners, Buyers, Sellers and Lenders in the Under-$100K Market For the past year or so, various media outlets have framed unflattering stories about manufactured housing around the premise that the industry’s lending practices unfairly gouge people of modest means, and that Dodd-Frank regulations have failed to protect them. …

Imagine a U.S. senator, an association CEO, an award-winning lending expert, HUD’s secretary, the CFPB director and an array of home owners and housing professionals from border-to-border all agreeing in principle on a solution to the nation’s growing affordable housing crisis. Imagine they all agree that regulations are part of the reason the solution is not being fully implemented. Then …

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 …

 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 …