Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Credit Scores, Debt and Loans

Qualifying For Mobile Home Loans Becoming Easier

Monday, July 5, 2010 - 2:13 PM
From the New York Times
Fannie Mae and Freddie Mac, the government-controlled companies that set lending guidelines, do not buy chattel loans [loans common for mobile homes], which means that few lenders now make these loans. But changes last month in lending rules by the Federal Housing Administration, which insures mortgages, are expected to widen the range of lenders who can offer chattel loans.

1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
Reply