Freddie teams with Kentucky lenders to finance manufactured homes

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MCLEAN, VA–(Marketwired – Apr 10, 2017) – freddie mac (otcqb: fmcc) is working to increase the number of "mortgage-ready" manufactured home buyers in Kentucky by implementing an online education.

Fannie Mae and Freddie Mac issued proposals Monday to create pilot programs for loans on mobile homes, part of an ambitious federal effort to find creative solutions for underserved and rural housing markets. The plans would allow the government-sponsored enterprises for the first time in a decade.

Fannie Mae taps eOriginal for new electronic vault "By collaborating with eOriginal, we have enabled a fundamentally more efficient borrower experience that provides all parties with full visibility into the process, while reducing fraud, errors, cost and frustration. eOriginal is the ideal partner to help make online closings the new standard. Their selection as Fannie Mae’s eVault and.

Perhaps the easiest route to take to find financing to buy a manufactured home is through an FHA loan, or one backed by the federal housing administration (fha). These loans are not issued by the FHA, but are insured (i.e., refunded) by the FHA in the event that the borrower defaults on the loan, reducing the risk for the lender.

SmartMH is an energy-efficient manufactured housing initiative led by lenders, retailers, manufacturers, nonprofits and public stakeholders who are committed to increasing access to ENERGY STAR certified homes across Kentucky. Freddie Mac and Next Step are actively seeking new lenders interested in making real property loans for energy.

Wall Street Unlocks Profits From Distress With Rental Revolution – It was the sixth home he. backed mortgage finance firms fannie mae and Freddie Mac and government policies for inflating the bubble, while Democrats emphasize Wall Street’s role creating exotic.

Freddie Mac’s ‘Next Step’ program rolls out assistance for Kentucky’s manufactured homeowners; a Texas City Council provides clarification on what is or is not a "mobile home," and yet another report underscores the deficiencies of today’s "Tiny" home.

Wells Fargo specializes in financing manufactured home communities ("MHC"), offering various flexible lending programs to meet your needs. Our experience and dedication to this industry has made Wells Fargo a nationwide leader in MHC financing for more than 15 years.

We are a Fannie Mae DUS lender, a Freddie Mac lender, and a FHA HUD lender. Plus, we offer balance sheet financing backed by the full strength of Capital One Commercial Banking. You can count on our team of multifamily mortgage makers to deliver apartment financing smoothly, quickly, and with certainty.

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