Sentences with phrase «chattel manufactured home loans»

Not exact matches

Among other locations, we supply chattel manufactured and mobile home loans for:

Those loans where the land is not a factor (the purchase of the land is not included or the mobile home loan will be placed on public spots) are referred to as chattel mortgages just like with manufactured homes and the terms of the loan differ.

However, since FHFA has acknowledged that chattel loans make up 80 percent of all new manufactured home placements, MHI believes that the Enterprises should not be able to receive a satisfactory rating without a significantly more meaningful commitment to purchase chattel loans.»

Since chattel loans constitute 70 percent of the manufactured home loans and are the most underserved segment of that market, the GSEs can not fulfill their statutory responsibilities without a significant program to purchase chattel loans.

Fannie Mae, meanwhile, projects purchases of 1,000 manufactured home chattel loans in both year two (2019) and year three (2020) of its DTS «implementation» plan.