Bigger Pockets

FEBRUARY 21, 2023

The popularity of manufactured (mobile) homes has been on the rise over the past several years, spurred partly by highly competitive traditional housing markets, overall interest in smaller homes, and the search for more […]

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Marketing 82

The Mortgage Report

NOVEMBER 8, 2020

Manufactured home loans are a bit tougher to find in today's market. But they do exist, and financing terms might be simpler than you imagine.

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Loans Finance Marketing Mortgages 105

GeekEstate

AUGUST 16, 2021

Module offers a range of factory-built modular houses that are optimized for infill development and offsite manufacturing. Factory-construction allows Module to offer more precise construction and a 25-40% quicker build time than traditional homes, and each home is built to the Zero Energy Ready Home standards set by the U.S.

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Construction Finance Staging Technology 109

Housing Wire

OCTOBER 31, 2022

Cavco Industries, a manufactured home company, on Friday announced signing a binding offer for the acquisition of its competitor Solitaire Homes for $93 million. The acquisition includes four manufacturing facilities, 22 retail locations and transportation operations. Hogstad, the president of Solitaire Homes.

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Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long was most recently the executive regional manager for Union Home Mortgage before joining Planet. decline from 2022, according to Inside Mortgage Finance.

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Lending Loans Renovation Mortgages 428

C4D Crew

FEBRUARY 22, 2021

A manufactured home is also known as a mobile home, depending on the year it was built. Basically, one can move a manufactured home or a mobile home around as they wish from one piece of land without breaking it up. It’s especially tempting to sell a manufactured home or a mobile home for cash.

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Purchase and sale agreement Marketing Land Investor 52

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

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Housing Wire

OCTOBER 4, 2023

Requirements related to the Guide’s manufactured housing data plate have also been updated. This update does not apply, however, to newly constructed manufactured homes , since these documents are required on all newer units. This is a policy that lenders can take advantage of immediately, according to Fannie Mae.

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Housing Wire

NOVEMBER 11, 2021

Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH.

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Housing Wire

MARCH 12, 2024

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

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Lending Technology Loans Equity 417

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

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Lending New Construction Construction Finance 416

The American Genius for Real Estate

APRIL 4, 2024

This construction company proclaimed high quality housing builds, but this list of OSHA violation fines demonstrates otherwise.

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Construction Marketing 52

Housing Wire

MARCH 29, 2024

The majority of consumer complaints in the mortgage arena (13,100, or 58%) were focused on conventional home loans, followed by Federal Housing Administration (FHA) loans (19%), U.S. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%).

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Mortgages VA loan FHA loan Lending 413

Housing Wire

MARCH 8, 2024

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. On the one hand, the rising uncertainty among businesses and workers caused by high-interest rates could also make home shoppers wearier about making big financial decisions.

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MLS Construction Mortgages Sales 450

Housing Wire

NOVEMBER 9, 2023

CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports. The tool is intended for appraisals, but the company says there are other applications to the home-buying process for home inspectors and real estate agents.

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Housing Wire

JANUARY 21, 2022

The collective, dubbed the Underserved Mortgage Markets Coalition, said that in order to be “impactful,” the government sponsored enterprises should significantly hike their purchase of manufactured housing loans. The underserved market coalition wants Fannie Mae to double that target, to 20,675 manufactured housing loans.

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Housing Wire

MARCH 7, 2022

” Lenders One will be selling purchase, refinance and home equity products at its “store-in-store” branch locations. According to the company, the Walmart deal is part of a plan to improve its members’ profitability by manufacturing loans more efficiently and closing a greater number of loans.

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Mortgages Equity Loans Lending 466

HomeLight

FEBRUARY 29, 2024

Many first-time homebuyers are feeling squeezed out of homeownership because of rising home prices, high interest rates, and strict mortgage financing requirements. A rent-to-own approach might offer the chance to live in your home with the option to buy, often without the need for a down payment.

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Purchase and sale agreement Finance Loans Design 113

Housing Wire

JULY 27, 2022

Meanwhile, products like adjustable-rate mortgages and home equity lines of credit are being reintroduced. Inspiration from manufacturing. Having spent about 10 years of my early career in manufacturing, I’ve found applying this perspective to mortgage lending helps me view creating a loan as manufacturing a product.

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Mortgages Marketing Lending Loan Officer 384

Housing Wire

APRIL 5, 2024

Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. Overall, there will be more home sales in 2024 than there were last year but the timing is uncertain,” Sturtevant said. month over month to $34.69

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Industrial Mortgages Construction MLS 342

Housing Wire

JULY 8, 2022

Looking at the jobs data and which sector added jobs in March, construction and manufacturing jobs came in positively, and we only lost jobs in the government. Job openings in construction and manufacturing have picked up recently. New home sales, housing starts, and permits fall into a recession.

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Construction Staging Sales As-is 520

Housing Wire

OCTOBER 31, 2023

The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing options for manufactured homes to the U.S. Department of Agriculture (USDA). 31 earlier this month.

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Loans Finance Mortgages Construction 410

Housing Wire

JANUARY 5, 2022

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. For second home loans, the upfront fees will increase between 1.125% and 3.875%, also tiered by loan-to-value ratio.

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Loans Finance Mortgages Title 520

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. Changes also intend to align the program to be more similar and as popular as Fannie Mae ‘s Homestyle for conventional borrowers. 5, 2024.

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Inspection Finance Renovation Loans 450

Housing Wire

NOVEMBER 3, 2023

Meanwhile, employment in manufacturing dropped, reflecting strike activity at companies such as UAW. Affordability issues, elevated mortgage rates and high home prices are contributing to consumer anxiety, Sturtevant said in a statement. As a result, she expects home sales to fall off during the fourth quarter.

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Eye on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show.

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Construction Residential Industrial 125

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The financial terms of the transaction have not been disclosed. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets.

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Mortgages Lending Loan Officer Loans 397

Housing Wire

AUGUST 7, 2023

Residential property transactions are manufactured with data components assembled from disconnected and diverse sources. It entered real estate in 2012 after buying DebtMarket, an exchange for distressed home debt. Success means zero defect loans, costing $2K to manufacture, for 5M new homes, built in the right places.

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Lending Loans Technology Brokerage 370

Housing Wire

MAY 6, 2022

More hammers, more homes.”. We need more hammers at work to build more homes, so higher quits is not good news for this labor-intensive industry.”. million jobs below its pre-pandemic level, and the manufacturing sector is down 56,000 jobs. “Residential building employment is up 6.9%

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Construction Residential Industrial Mortgages 370

Housing Wire

APRIL 6, 2023

George Ratiu, the chief economist at Keeping Current Matters , said mortgage rates slid for the fourth consecutive week as investors reacted to weakening signals in factory orders and manufacturing, as well as the softer-than-expected job openings and private employment data. So far, economic indicators have shown resilience.”

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Mortgages Fixed-rate mortgage Investor Loans 466

Housing Wire

MAY 8, 2023

Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches. “With BorrowSmart Access, we’re delivering on that mission by providing ways to reduce cost in the homebuying process.”

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Housing Wire

DECEMBER 14, 2023

Earlier this month the Community Home Lenders of America submitted a letter to the FHFA expressing its support for the use of AOLs. In the letter, the CHLA said it believed the use of AOLs in certain instances could help improve homeownership affordability challenges.

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Title Land Finance Loans 426

Housing Wire

DECEMBER 8, 2023

Their policy is still restrictive and the one sector of the economy that is back down to Great Financial Recession sales levels — the existing home sales market — needs a boost in demand. Let’s get America back on track and give up the stay-at-home economic housing policy of the Fed since March of 2022. Now, on to the report.

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HomeLight

FEBRUARY 8, 2024

In the world of home buying, prefab homes are becoming a popular choice for those looking to step onto the property ladder. What is a prefab home, and why are more and more home shoppers considering them? In this guide, we’ll explore everything from the basics of prefab homes to the intricacies of financing them.

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Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 4-7, in Las Vegas. “There is too much distraction in the market; there are some negative folks out there.

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Mortgages VA loan Finance Loans 473

Housing Wire

FEBRUARY 7, 2024

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Loans 448

Loans Commercial Property Management Mortgages 448

Housing Wire

MAY 6, 2022

Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but the real winner was manufacturing jobs. New home sales and housing starts traditionally fall into a recession.

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