We told you so….

h/t to MHProNews for getting this information out:

The Manufactured Housing Institute (MHI) informs MHProNews that data regarding lending at 7,000 financial institutions and covering nearly 10 million mortgage applications and six million loan originations reveals manufactured home lenders are not making HOEPA (Home Ownership and Equity Protection Act) loans because of the increased liability and burdensome rules of smaller loans, like many MH loans.

In a nutshell: regulators were wrong to ignore the warnings  about the effects of Dodd-Frank on manufactured housing consumers. In other words, WE TOLD YOU SO!!

You can read all of the details here.

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