0 minute readThe new rules are intended to keep lenders from getting borrowers into mortgages they can’t afford. Unlike regular fixed-rate mortgages that have the same rate and monthly payment throughout the life of the loan, rates on ARMs change, which can lead to larger monthly payments that make it harder for a borrower to afford the loan.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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HUD would permit multi-story manufactured homes without a permanent chassis
HUD proposes expanding manufactured home rules for multi-story designs, allowing upper sections without a chassis that can cost $5,000 to $10,000.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
