GSEs still shun the low end of manufactured housing
Housing Wire
MAY 25, 2022
Faulty loans on mobile homes led to the downfall of the nation’s largest manufactured home lender in 2002, ensnaring Fannie Mae on its way down, an episode both GSEs remember well. But when home prices depreciated, it flamed out, and its parent Conseco filed for bankruptcy protection in 2002. Freddie Mac declined to comment.
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