In another story, Ron Chrisman of mortgagedailynews.com, says Impac Mortgage is taking on MH loans: “Impac has added manufactured housing as an eligible property type under its FHA Streamline refinance program and has added guidance on seasoning requiring that, on the date of the case number assignment, the borrower must have made at least six payments, at least six full months must have passed since the first payment due date, and at least 210 days must have passed from the closing date. The maximum CLTV for FHA Streamline refis has also been changed to 125% of the original appraisal value.”
(Image credit: housingwire.com)