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The dramatic improvement of manufactured housing over the last decade has made it possible to obtain the same favorable mortgage terms on manufactured homes as on site built homes. However, most typical mortgage brokers are not specialized or educated in lending on Manufactured Homes and are unable or unwilling to provide this type of financing.
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Modern-day redlining: How banks block people of color from homeownership – In Washington, D.C., the nation’s capital. Still, her initial loan application was denied by Philadelphia Mortgage Advisors, an independent broker that made nearly 90 percent of its loans to whites.
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