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Released: July 03, 2010

Changes in mobile home lending

Source: Bob Tedeschi, New York Times (Free Registration)

Mobile homes may not be a staple of the New York City housing market, but nationally last year they made up nearly a quarter of all new homes sold for less than $200,000, according to an industry trade group, making them an important component of the affordable-housing sector.

Many of these homes have features similar to those found in site-built conventional houses, like natural wood finishes, eat-in kitchens and even skylights. But financing a mobile home is often far from conventional.

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