Loan standards in the Mobile Home finance industry have naturally tightened during times of economic crisis. This is expected, but still unwelcome. The tight standards that banks are now holding themselves to for Manufactured Home loans is similar to a agriculturist who depletes all the nutrients from his soil as fast as possible. The agriculturist then blames at the grocery store for his loss in livelihood, instead of accepting that he is actually to blame for poisoning his crop. The banks have been reaping the benefits of the relaxed laws for nearly half a decade, all the while capitalizing by allowing unwise financing to take place, then securitizing it and placing it elsewhere. Now the hens have come home to roost, and the banks are acting irresponsibly in the opposite direction, on the side of over caution. Manufactured Home banks are using any excuse to decline even the lowest risk loans.

Mobile Home mortgage brokers are now in the position of not knowing who the new primary funding institution will be in the Mobile Home finance community after this economic crisis. Recently the government has banned Taylor, Bean and Whitaker from providing any future loans insured by the federal government. HUD believes the institution did not submit a necessary financial report, raising eyebrows at fraud concerns. Taylor was also ordered to desist from issuing MBS for Ginnie Mae. Taylor was the No. 1 source of funds for manufactured homes, they provided financing for nearly $1.45 billion of all Manufactured Home investments in 2007, which were backed by the Federal Housing Administration.

Countrywide, Wells Fargo and JP Morgan are the remaining large manufactured housing lenders, but these companies aren't as active as they once were in the Mobile Home loan market. The few amount of lenders will likely lead to downsized competition, yielding a high demand and therefore, higher interest rates passed on to the consumer. Because of this situation, the lenders have the advantage and will likely issue a limited number of loan programs available to refinance or finance a Manufactured Home in America.

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