CFPB Discovers Majority of Are formulated-Homes Borrowers Have Costly Finance Washington, D.C. The consumer Financial Security Agency (CFPB) released a study and that found that are created-home owners generally speaking spend high interest rates for their money than simply individuals whoever homes was indeed created onsite. The latest declaration also unearthed that are produced-residents will be old, are now living in an outlying city, or has actually lower net value. Are created homes is a critical supply of affordable housing for the majority users, such as for instance individuals who are more mature, reside in a rural city, otherwise have less earnings and you will riches, told you CFPB Manager Richard Cordray. These people can be way more economically insecure and you can make the most of strong user protections. The brand new Bureau try purchased making certain customers get access to responsible borrowing from the bank from the are made housing marketplace.