GLG News by Manufactured Housing Industry Experts (US)

For years now, the Mortgage and Commercial Lending arena has been the subject of great debate as to whether sound credit decisions were being made. Now, finally, the proof of careless lending practices are coming to light: the question at hand is how will we deal with the fallout?

Countrywide's heavy reliance on its underwriting programs and steady appetite for Pay-Option ARM's has created havoc for its portfolio management team. Countrywide's belief that it was smarter than the Mortgage Industry has led to this situation, and we have only begun to see the impact.

The fallout from the subprime mortgage market has been continually underplayed by the Federal Reserve Chairman. However, as the hangover from the mortgage origination party begins to settle in, the long-term impact is being felt across the financial sectors, and not just exclusively within the Mortgage...

Manufactured Housing is an Excellent Product 1.  The quality is as good if not better than site built housing 2.  It is more energy efficient 3.  It is significantly less expensive

Investors often shy away from government assisted housing due to fear of regulation and red tape.  There are excellent opportunities for investors in the refinancing and recapitalizing of older HUD projects.

The Section 42 Low Income Housing Tax Credit Program has been the primary tool for the development of affordable housing since the mid 80s.  The program is not efficient, because much of the funding gets used for soft costs.  It is also not as effective as it could be because it does not serve...

The Manufactured Housing industry will benefit from the site-built housing industries troubles as the subprime consumer market and financing shifts to manufactured housing.

It is becoming increasing difficult for hardworking Americans of average means to afford to buy a home.  Many of the reasons for this are the artificial restrictions placed on homebuilders by governments.  Those communities that effectively address this issue will benefit from a higher rate...