In a letter to its business partners dated November 12, 2014 US Bank has stated its intentions to “exit the Indirect Manufactured Housing business” as “The limited market size and current regulatory environment of the indirect market make it unrealistic for US Bank to reach its growth objectives”.
US Bank will no longer accept credit applications through indirect programs or retailers but will continue to offer loans for manufactured homes directly to consumers through US Bank Home Mortgage and its network of branches.
US Banks advises to contact your local account executive with any questions.
