Market for prebuilt homes looks promising - 2004-02-17
From Woodland to Washington, optimism have soared in the manufactured housing industry following Fannie Mae's recent decision to slash in half - to 5 percent - its minimum down payment for a 30-year mortgage on a factory-built home.
Fannie Mae, the nation's largest mortgage purchaser, announced last week that it has partnered with nine lenders, including Washington Mutual, to offer the lower-down-payment loans.
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