-

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 Preliminary Ratings to NYSERDA Green Revenue Bonds, Series 2026A

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2026A ("NYSERDA 2026A”), a $47.59 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Development Authority (“NYSERDA” or the “Authority”). The se...

KBRA Assigns Preliminary Ratings to BVCLN 2026-CRD1, LLC

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to five classes of credit linked notes issued by BVCLN 2026-CRD1, LLC (Issuer or Protection Seller), a synthetic risk transfer transaction (SRT) referencing a diversified portfolio of revolving corporate credit facilities to investment grade-rated borrowers. The Issuer executed a credit default swap (CDS) transaction with SMBC Capital Markets Inc. (SMCMI or Protection Buyer) to provide credit protection for certain defined credit event...

KBRA Assigns Preliminary Ratings to GS Mortgage-Backed Securities Trust 2026-CES3 (GSMBS 2026-CES3)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 7 classes of mortgage-backed notes from GS Mortgage-Backed Securities Trust 2026-CES3 (GSMBS 2026-CES3), a $354.2 million RMBS transaction sponsored by Goldman Sachs Mortgage Company, entirely of closed-end second lien mortgages (CES; 100.0%). The underlying pool is seasoned approximately 6 months and comprises 3,803 loans, with AmeriSave Mortgage Corporation (41.0%) as the largest contributing originator. The collateral is characte...
Back to Newsroom