Freddie Mac Starts Trailer Loans That Buffett Criticized - Bloomberg
Want to buy a trailer park? Freddie Mac wants to give you a loan.
The firm is broadening its reach in the multifamily segment of
the housing market as it seeks to fulfill its mandate to provide
affordable options for low-income families. The McLean, Virginia-based
lender will work with established companies in the industry across the
U.S., said David Brickman, the head of multifamily operations at Freddie
Mac.
“It’s rounding out our ability to touch the affordable housing
space,” Brickman said today in a telephone interview. “Manufactured
housing is a big piece of rural affordable housing.”
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