Trying to Breathe Life Into Ailing Manufactured Housing Sector, Fannie Bids on Conseco Servicing
February 28, 2003
Aiming to shore up the huge investments it has sunk into the manufactured-housing securitizations of bankrupt Conseco Finance, Fannie Mae has entered the bidding to acquire the company’s servicing platform. “The move was consistent with our objective to have the manufactured housing servicing operation be purchased by an entity that has or will make a long-term commitment to this important segment