Conseco Problems Raise Questions About Manufactured Housing Servicing Portfolio
October 4, 2002
Just when investors thought the news could not get any worse for the battered manufactured housing industry, a new report suggests that the industry’s largest player – Conseco Finance – may have more bad loans than previously believed. “Conseco uses certain workout options that may portray more favorable performance than is actually the case,” warned analysts at rating agency Fitch in a recent conference call.