Are manufactured home borrowers getting a fair shake?
With all of the hulabaloo about first time buyers and an $8000 credit to help them find a pathway to the American dream (all of this insured by the way by FHA), one would think that one of the safest harbors for lending dollars would be manufactured housing—certainly the last bastion of low-cost housing. Manufactured homes have traditionally held a place in the American landscape by offering low-income Americans a leg-up to home ownership as well as an independent community refuge for retiring Americans. Now these folks are knocking on the door of their dream home but they can’t walk through the threshhold because there is virtually no one lending dollars to these poor folks? Continue reading →