Fannie Mae Affirms its Commitment

Fannie Mae announces that they will continue to be committed to buying mortgages for manufactured housing on the secondary market.

It is hard to know the extent of their commitment because they do not report under the Home Mortgage Disclosure Act. Interestingly, though, the largest purchaser of manufactured home mortgages is none other than Warren Buffett. So perhaps the risk-reward proposition is better than some have said.