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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.

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How to Buy a Mobile Home in 8 Steps

The Close

Remember the distinct mortgage and land regulations that apply to mobile homes. Mobile homes built before a specific date often require chattel mortgages instead of traditional ones, which is key for investment planning. Conventional Mortgage Programs Government agencies don’t back conventional mortgages.

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Fee Simple vs. Leasehold: Two Very Different Types of Ownership

Redfin

It gives someone ownership of a home or structure on the property, but someone else owns the land itself. The leaseholder pays the fee simple owner to use the land for a set period. You might also see this called a land lease or ground lease. Leaseholds have pros and cons.

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Manufactured housing group encouraged by FHA attention — but concerned about its portrayal

Housing Wire

With Todman’s emphasis on mission-driven entities and nonprofit access to the program, Gooch said its portrayal was needlessly negative toward private owners of land-lease communities, where many MHI-backed manufactured homes are ultimately placed. That’s why I find it interesting.

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Opinion: It’s time for bi-partisanship on affordable manufactured housing homeownership

Housing Wire

Last year was challenging for housing and mortgage markets. For the first time in many years, we experienced falling home prices, in part due to skyrocketing mortgage rates which almost doubled from around 3.5% One of the prime areas of opportunity is affordable manufactured housing homeownership. a year ago to nearly 7% today.