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Home » Store » Inside The GSEs » Duty-to-Serve Comments Focus on MH Lending Needs

Duty-to-Serve Comments Focus on MH Lending Needs

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Inside The GSEs

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Whether or not to allow chattel loans, and how to best support the manufactured housing industry, was one of the topics that garnered the most attention in the Federal Housing Finance Agency’s proposed rule. The Federal Housing Finance Agency received 324 comments before the commenting period closed on March 17. Many noted that Fannie Mae and Freddie Mac should be doing more in the MH market, and pointed specifically to supporting chattel lending. Leslie Gooch, senior vice president of government affairs for the Manufactured Housing Institute, said the FHFA should require the GSEs to significantly increase their support of MH through the purchase of home-only, or chattel loans.
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