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Ginnie Mae, in coordination with the Federal Housing Administration (FHA), has published a Request for Input (RFI) on enhancements to the Title I Manufactured Home Loan Program. The RFI follows publication earlier this year of the Biden-Harris “Housing Supply Action Plan” and the U.S. Department of Housing & Urban Development’s (HUD) FY 2022-2026 Strategic Plan, each of which identifies manufactured housing as an important means of increasing the supply of affordable housing.

Following the FHA’s modernization of the Title I Manufactured Home Loan Program in 2009, Ginnie Mae reintroduced its Manufactured Housing Program, thus allowing loans under the revised program to be securitized.

The Biden Administration’s Housing Supply Action Plan outlined five major areas to address the nation’s housing inventory crisis by:

Ginnie Mae’s RFI seeks input on how both the FHA Title I manufactured housing program and the Ginnie Mae securitization program that supports it can be made more competitive, and references specific program features such as loan limits or lender eligibility requirements. It also seeks commentary on how proposed changes would improve the financing market for manufactured housing.

In particular, Ginnie Mae is asking respondents to answer the following:

Regarding the current state of the marketplace

Regarding Ginnie Mae’s Manufactured Housing Program

"Enhancing the ability of consumers to efficiently and affordably access financing for manufactured homes is critical to increasing production of this important asset class and boosting housing supply,” said Ginnie Mae EVP and COO Sam Valverde.

Tagged with: Biden-Harris Administration Federal Housing Administration (FHA) Ginnie Mae Manufactured Housing Request for Input (RFI) Sam Valverde Securitization Title I Manufactured Home Loan Program

Corporate Office: 1349 Empire Central Drive Suite 900 Dallas, Texas 75247

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