Mortgage And Real Estate News

Friday, August 21, 2015

Manufactured home industry pushes for GSE-backed loan programs

The manufactured-housing industry wants Fannie Mae and Freddie Mac to be required to fund higher-risk loans most commonly used to purchase mobile homes.

Industry representatives said this week that the Federal Housing Finance Agency (FHFA), the agency that oversees the government-sponsored enterprises, has been too slow to adopt a mandate in the 2008 Housing and Economic Recovery Act (HERA) that required additional financing for the industry.

Read more... http://www.scotsmanguide.com/News/2015/08/Manufactured-home-industry-pushes-for-GSE-backed-loan-programs/?utm_source=TopNews082115&utm_medium=email&utm_campaign=TopNews

Reuters: Business News

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