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Date:
09/14/2021
Name:
Gregory Milligan
City:
TEMPE
State:
Arizona
Organization:
People's Mortgage
Rule Number:
Federal Register Citation:
86 FR 47398
CFR:
12 CFR Part 1282
View Document:
View Document 453.25 KB

Comment

This idea comes across as a good concept however the additional costs of inspections on manufactured housing and the inability to split multiunit lending into individual units may nullify a lot of the intended benefits of lower cost housing on low income families having trouble saving.

A lower mortgage payment is not important if the cost of the transaction itself is too high for many low income families.
It also seems like a bandage on the wound of wall street investment firms purchasing entire residential neighborhoods above asking price to rent out.

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