Fannie, Freddie to back manufactured housing

Fannie Mae and Freddie Mac are planning to support the market for chattel loans on manufactured housing. The agencies are being pushed to do this by their regulator, the Federal Housing Finance Agency (FHFA), in compliance with their “duty to serve” requirement under the Safety and Soundness Act. This makes sense because, S. Census, the average price of a manufactured house today is about $70,000, compared with $350,000 for a site-built home.

Source: The Seattle Times

READ MORE

Leave a Reply