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Clayton Homes established its own mortgage company in 1974 and added a manufacturing division in 1975. [14] The company went public in 1983, trading on the New York Stock Exchange . [ 15 ] [ 14 ] Each year from 1989 through 1992, Clayton Homes was named on the Forbes list of the best small companies in America. [ 16 ]
What is a chattel mortgage? A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. ... 21st Mortgage. Vanderbilt Mortgage and ...
The Manufactured Housing Institute (MHI) is a U.S. trade organization representing companies and organizations that are involved in the production, sale and financing of manufactured housing, prefabricated home and modular home units.
New Century Financial Mortgage Corporation was a real estate investment trust that originated mortgage loans in the United States through its operating subsidiaries, New Century Mortgage Corporation and Home123 Corporation. It was founded in 1995. [2] In 2004 it converted to a real estate investment trust. [2]
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A mortgage point could cost 1% of your mortgage amount, which means about $5,000 on a $500,000 home loan, with each point lowering your interest rate by about 0.25%, depending on your lender and loan.
American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of specialty dwellings such as houses, seasonal homes and mobile homes, and collectable or recreational vehicles such as watercraft, snowmobiles and ...
On July 1, 2008, the company announced the sale of its home lending division to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and the sale of its manufactured housing loan portfolio, with a face value of $470 million in loans, to Vanderbilt Mortgage and Finance for approximately $300 million. [17] [18]
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