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Home » FHFA Mulls Chattel Lending Pilot, MH Advocates Continue Push
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FHFA Mulls Chattel Lending Pilot, MH Advocates Continue Push

April 1, 2016
As manufactured housing advocates continue to push for chattel lending, the Federal Housing Finance Agency is weighing whether it will allow the loans that are based on financing the home itself rather than the real estate property. The topic made a strong showing in the FHFA’s recent request for comment in which questions about serving the manufactured housing industry were included under its duty-to-serve proposed rule. One of the questions specifically focused on whether a pilot program should be developed that would allow chattel loans. Many commenters said Fannie Mac and Freddie Mac should increase their support for the manufactured housing industry and that includes creating a market for chattel lending.
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