-

KBRA Releases Research – Manufactured Housing 2.0: Affordable Housing From the Factory Floor

NEW YORK--(BUSINESS WIRE)--KBRA releases research that provides an overview of the manufactured housing (MH) sector with a focus on consumer lending. MH consumer financing includes both chattel and mortgage loans, both of which are suitable for securitization.

Despite softening home prices and the Federal Reserve signaling it will continue lowering interest rates, the costs of single-family homeownership remain significantly higher than before the pandemic. Renters are also feeling increased pressure, with national rents up 31% compared to pre-pandemic levels due to inflation and other factors. Given the elevated costs of homeownership and renting, MH is increasingly becoming an attractive affordable housing option compared to site-built homes and rentals.

Click here to view the report.

Related Publications

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1006675

Contacts

Maxim Berger, Director
+1 646-731-1260
maxim.berger@kbra.com

Rahel Avigdor, Managing Director
+1 646-731-1203
rahel.avigdor@kbra.com

Jack Kahan, Senior Managing Director, Global Head of ABS & RMBS
+1 646-731-2486
jack.kahan@kbra.com

Yee Cent Wong, Senior Managing Director, Structured Finance Ratings
+1 646-731-2374
yee.cent.wong@kbra.com

Media Contact

Adam Tempkin, Director of Communications
+1 646-731-1347
adam.tempkin@kbra.com

Business Development Contact

Arielle Smelkinson, Senior Director
+1 646-731-2369
arielle.smelkinson@kbra.com

Kroll Bond Rating Agency, LLC

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI

Release Versions

Contacts

Maxim Berger, Director
+1 646-731-1260
maxim.berger@kbra.com

Rahel Avigdor, Managing Director
+1 646-731-1203
rahel.avigdor@kbra.com

Jack Kahan, Senior Managing Director, Global Head of ABS & RMBS
+1 646-731-2486
jack.kahan@kbra.com

Yee Cent Wong, Senior Managing Director, Structured Finance Ratings
+1 646-731-2374
yee.cent.wong@kbra.com

Media Contact

Adam Tempkin, Director of Communications
+1 646-731-1347
adam.tempkin@kbra.com

Business Development Contact

Arielle Smelkinson, Senior Director
+1 646-731-2369
arielle.smelkinson@kbra.com

Social Media Profiles
More News From Kroll Bond Rating Agency, LLC

KBRA Assigns AA+ Rating, Negative Outlook to the City of New York General Obligation Bonds, Fiscal 2026 Series F and G, and General Obligation Bonds, Fiscal 2026 Series 1

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AA+ to the City of New York General Obligation Bonds, Fiscal 2026 Series F and G, and General Obligation Bonds, Fiscal 2026 Series 1. The Outlook is Negative. Concurrently, KBRA affirms the long-term rating of AA+ on outstanding City of New York General Obligation Bonds, and revises the Outlook to Negative from Stable. The outlook revision reflects the City’s FY 2027 Preliminary Budget (the “Preliminary Budget”, or “the financial pla...

KBRA Assigns Preliminary Ratings to GS Mortgage-Backed Securities Trust 2026-HE1 (GSMBS 2026-HE1)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 6 classes of mortgage-backed notes from GS Mortgage-Backed Securities Trust 2026-HE1 (GSMBS 2026-HE1), a $301.4 million RMBS transaction sponsored by Goldman Sachs Mortgage Company (Goldman Sachs or GSMC), consisting of first lien (6.6%) and second lien (93.4%) home equity line of credit (HELOC) loans. The underlying pool is seasoned approximately six months and comprises 3,092 loans, with United Wholesale Mortgage, LLC (UWM; 79.5%)...

KBRA Assigns Preliminary Rating to AMCR ABS Trust 2026-A

NEW YORK--(BUSINESS WIRE)--KBRA assigns a preliminary rating to one class of notes issued by AMCR ABS Trust 2026-A (“AMCR 2026-A”), an unsecured consumer loan ABS transaction. AMCR 2026-A has initial hard credit enhancement of 44.2% for the Class A notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class D notes), a cash reserve account funded at closing, and excess spread. AMCR 2026-A will issue four classes of notes totaling $149.3 million, with KBR...
Back to Newsroom