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A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans

National lenders who make loans on new manufactured homes appear to be a growing option for Mississippi borrowers with credit histories too risky for traditional banks in today’s stringent regulatory climate. While credit-challenged borrowers are buying the dwellings at about half the square-foot cost of site built homes, financing them takes a much larger bite out of the household budget. ...

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