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Modification to Loans for Manufacture Home and New Spinning Rules For Investors.

All Manufactured Home financing is going away for at least the foreseeable future. If you have a deal in progress and it's a manufactured home, please call your loan agent. It might not be able to be closed as of this week

New Anti "Spinning" Rule will stop any non owner purchase if the property was previously purchased by an investor in the last 90 days. Many lenders are extending the rule to 180 days. This started last week and is not going away anytime soon.

Posted Friday Nov 06