For financial institutions like banks and credit unions, loans are a primary source of revenue as well as risk. One way to manage credit risk effectively is to implement different diversification strategies. Besides reducing the risk inherent in loan portfolios, diversification allows financial institutions to lower the risk of their overall activities and maximize returns.
Manufactured Housing News
The Triad Financial Services Team enjoyed their time in the Big Easy while attending NAFCU's Annual Conference. The team had the chance to get to know some of today's Credit Union leaders and learn more about the challenges they face today. During the conference, Mike, with the Studio Lounge, asked to interview Senior VP, Keith Stayer. Take a look at the interview as Keith discusses how manufactured homes are helping solve the affordable housing crisis that many homeowners are still facing today, as well as, how Triad Financial Services works with credit unions to help them grow and diversify their loan portfolio.
Ways Manufactured Homes Are Changing the Housing Market
Since the first manufactured home was built in 1764, the manufactured housing sector has played a significant role in meeting different housing needs across the country. But its role has become increasingly important over the past few years. That’s because manufactured housing could alleviate the nation's affordable housing crisis. To better understand the new role of manufactured homes in the housing market, let’s look at some important industry facts.