manufactured housing: Manufactured Homes Take a HIT! - 08/19/09 05:00 PM
In the wake of Taylor Bean Whitaker being disowned by HUD and shut down on August 4th, (they were the 3rd largest FHA lender in the nation prior to their closing) we are getting the inevitable announcements from other Government lenders about new restrictions.
Today several major FHA/VA lenders announced they have ceased funding Manufactured Housing. Considering these loans were largely funded by FHA and VA¬†due to the guarantees that limited the lender's concerns about defaults it is hugely unlikely many investors will step up with decent financing options for manufactured housing, at least for the foreseeable future. Sure there are … (11 comments)

 
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Susan Templeton

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