‘Affordable Housing Unaffordable Credit? Concentration High-Cost Lending for Manufactured Homes’ Sebastian Doerr-Andreas Fuster BIS ‘Exploit Market Power-Manufactured Housing Borrowers’ FEA
“Policy makers place high hopes in manufactured homes – the largest source of unsubsidized affordable housing in the US – to alleviate housing supply shortages. This paper shows that high market concentration in the multi-billion-dollar manufactured home loan market allows lenders to charge significantly higher interest rates than for site-built […]