Before requiring a decision from Fannie Mae and Freddie Mac on whether to pursue a chattel loan pilot program, National Association of Federally-Insured Credit Union Regulatory Affairs Counsel Ann Kossachev advised the Federal Housing Finance Agency (FHFA) to do more research on the market for such loans.
Read on to find out what credit unions say the FHFA needs to consider before pushing the GSEs to enter the complex business of financing manufactured homes.