Freddie Mac (OTCQB: FMCC) announced the expansion of its CHOICEHome conventional financing options to include modern single-section manufactured homes. Previously, Freddie Mac provided multi-section factory-built homes with a 3% down payment option. As of today,...
Troy, Michigan-based Champion Homes Inc. (NYSE: SKY) has unveiled the Concord Duplex, its first national manufactured duplex series. The series offers a selection of floor plans ranging from 576-square-foot, one-bedroom / one-bathroom units to 960-square-foot,...
The Federal Housing Finance Agency (FHFA) has introduced new national datasets on price trends for manufactured homes. The new data release for manufactured homes includes purchase-only as well as all-transactions house price indexes. Both datasets will measure...
The private equity firm Silver Canyon Group has acquired Franklin Homes, the Russellville, Alabama-based producer of manufactured housing, modular residential, and multifamily buildings. The financial terms of the acquisition were not disclosed. Franklin Homes was...
The Federal Housing Administration (FHA) announced new loan limits for its Title I Manufactured Home Loan Program, which marks the first time since 2008 that the loan limits are being increased. Effective for FHA case numbers assigned on or after March 29, the new...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
