Ginnie Mae and the Federal Housing Administration are looking to take a bigger bite out of manufactured housing finance.
In a request for input the agencies published at the end of July, FHA and Ginnie Mae detailed an array potential changes to make the manufactured housing Title I program more palatable for lenders.
Potential changes include raising loan limits or adjusting the lender eligibility requirements. The FHA asked for feedback on changing “loan features, underwriting standards, or processes,” while Ginnie Mae wondered if adjusting pooling requirements would make its program more competitive.
The FHA’s Title I program — currently the details ⇒
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