Financial rejection costs to own are produced family and you may B&C funds are much higher than the borrowed funds getting rejected rates for prime funds
B&C lending enhanced as there is a growing number of consumers with impaired borrowing histories, and you can loan providers and you will investors was basically trying to highest producing possessions. 6
Are made houses continues to grow within the characteristics. Between 1993 and 1996, the number of mobile family positioning flower regarding 286,000 so you’re able to 320,000. Regarding the County of your own Country’s Housing 1997 , the fresh new Harvard College or university Shared Center to have Property Studies figured brand new popularity of manufactured housing in past times a couple of years lead to highest homeownership rates given that “are created home are now actually much more likely become an effective-quality, multi-part devices that will be forever locate towards the private plenty or perhaps in structured communities.” eight