Banks Take Second Look at Mobile Homes

By Dan Gorenstein on Monday, May 5, 2008.

Homeowners who live in mobile home parks are paying anywhere from 8-15% interest on their mortgages- way more than people who own other types of housing.

That only makes it harder to pay the bills for those homeowners who often live on moderate or fixed incomes.

But home mortgage giant Fannie Mae and local banks are starting to look at some of these communities in a new way.

New Hampshire Public Radio’s Dan Gorenstein reports.

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