LENDING
TALKING CONSUMER LENDING
WITH CASCADE FINANCIAL’S CODY PEARCE »1. It’s early yet in the programs, but what if any type of market change have you seen with the emerging presence of CrossMod/MH Advantage/ CHOICEHome? The CrossMod product is an excellent opportunity for our industry to initiate dialogue and educate the public as well as regulators and policy makers on the quality and affordability of manufactured housing. Within the industry we know and understand that manufactured housing is the most viable solution to the affordable housing crisis in America. However, to continually change and improve the image of manufactured housing is a difficult and slow process. CrossMod is an excellent new segue into the dialogue that needs to be had. Undoubtedly the positive effect of this education will impact all manufactured housing products, not just CrossMods. "Outside of this education, we, as an industry, need to find a way to solve the zoning issues that prevent these and all HUD homes from going into most municipalities. This dialogue was a significant portion of our most recent MHI Financial Services Division board meeting in Nashville. It’s a real issue that MHI and their membership will be taking on.
