Comment Detail
Date: 06/22/17 First Name: Lamar Last Name: Brown Email: lbraiders@yahoo.com Organization Type: individual Organization: N/A Comment
RE: Manufactured Housing
In the real estate market, its common knowledge that manufactured homes do not hold value the same as a site built or modular homes do, so loan products for that type of property should have maximum loan-to-value caps lower than loans for site built or modular homes. US taxpayers should not bear the brunt of the losses taken because a loan goes delinquent and Freddie Mac cannot sell a house close to the amount loaned out.
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