A smoke-filled room

Article Abstract:

The manufactured housing industry can possibly benefit from changes that may be rendered in lending practices, including escrowing for insurance and taxes, a single standard application process, and a uniform generic manufactured housing loan application. An insurance escrow is one approach to managing the monthly payments on the loan that eliminates dissatisfaction and loan defaults. Lenders can also implement a strong, highly credible appraisal process for pre-owned manufactured homes to promote participation using certified appraisers.

Financial Management, Methods, Escrows

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More on ethics

Article Abstract:

Incorporating ethics into business plans could eliminate the prejudice people have on the manufactured home industry and its professionals. The National Retailers and Communities Councils outlined additional eight points to MHI's manufacturers' basic eight. Among them are compliance with the laws and regulations governing retailers and installers of manufactured homes and observation of honesty in all transactions.

Business Ethics, Evaluation, Strategic planning (Business)

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Tracking MH loans after the transaction

Article Abstract:

Original lenders of manufactured housing loans (MH) usually pool the MH loans they have extended and sell them to investors through asset-backed securitization (ABS). This is a common practice among lenders because it provides immediate income and serves as an unlimited source of funds. In addition, it eliminates interest rate risk and increases the credibility of loan originators/lenders.

Commercial Banks, Prefabricated Wood Buildings, Prefabricated Wood Building Manufacturing, Mortgage and Nonmortgage Loan Brokers, Consumer Loans, Usage, Securities, Modular buildings, Wooden buildings, Loans, Personal loans, Asset-backed securities, Asset backed securities

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