Former Major Lender
May Re-Enter MH Market
One of THEE largest banks in the United States is considering re-entering the mobile home finance business.
Apparently, representatives of this bank have been making phone calls recently to key players in the industry, testing the waters. This bank was favored by most real estate agents several years ago as a provider of MH loans, but they bailed out of the industry about six years ago.
The word is: they will re-activate their wholesale division, then later their retail divison. Wholesale originators will get competitive pricing, I've been told.
Stay tuned......
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