Currently, manufactured homes are considered a viable alternative to the affordable housing crisis. However, the number of traditional site-built homes sold in the first 5 months of 2021 significantly exceeded the number of manufactured homes sold during the same period of time. The most important reason for this arises from the fact that manufactured homes represent only a small piece of the housing market. Furthermore, even though this market sector continues to demonstrate signs of strength and is expected to boom over the next few years, modern factory-built housing is relatively new to consumers and investors.
Manufactured Housing News
At Triad Financial Services, our professionals receive many questions about the minimum requirements that an applicant must meet in order to qualify for a manufactured home loan. One question we get asked quite often is whether a spouse’s credit score impacts the other spouse’s ability to qualify for the loan amount they need to buy a manufactured or modular home.
Many manufactured home dealerships are falling victim to advanced social engineering attacks, which are more frequent now than they used to be. Although these attacks have become more sophisticated and use more advanced techniques, the reason for their prevalence is that social engineering tactics are relatively easy to implement. This can be especially risky for any business that collects and stores large amounts of sensitive customer information. Even with cyber liability coverage in place, there are a few things you need to know in order to protect yourself and your dealership from social engineering attacks.