Freddie Explores Chattel Lending With New MH Task Force
August 19, 2016
Freddie Mac recently formed a Manufactured Housing Initiative Task Force as the result of manufactured housing advocates pushing for greater support from the GSEs, especially in the form of chattel lending. The group met for the first time in late July in Reston, VA. The meeting came after a comment letter from the Manufactured Housing Institute on the Federal Housing Finance Agency’s duty-to-serve rule, which was followed by an invitation from MHI to discuss chattel loans at an MHI meeting in May. In December, the FHFA issued a proposed rule to implement the “duty-to-serve” provisions included in the Housing and Economic Recovery Act of 2008.