Category Archives: Manufactured Housing

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FHFA Final Rule on Duty to Serve Allows GSEs to Receive Credit for Manufactured Housing Chattel Loans

The Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 by, among other things, establishing the Federal Housing Finance Agency (FHFA). FHFA replaced the Federal Housing Finance Board (FHFB) and Office of Federal Housing Enterprise Oversight (OFHEO) as the overseer of the Government Sponsored … Continue Reading

Freddie Mac’s Manufactured Housing Initiative Task Force for Chattel Loans

Section 1129 of the Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish a duty for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to serve three underserved markets: manufactured housing, affordable housing preservation, … Continue Reading
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