CHICAGO—HAS Capital, LLC has just appointed Scott MacFarlane as president of originations, a newly-created position that company officials say will help them respond to the big changes occurring in the manufactured housing sector.
“We believe that the manufactured housing mortgage space is poised to make a comeback in the capital markets,” Stephan Wheeler, managing director and chairman, tells GlobeSt.com. The Little Rock, AR-based MacFarlane will manage the company's current manufactured housing funding programs as well as develop and expand their new national originations platform.
One factor that encouraged the Chicago-based HAS to take this step was US Bank's decision last fall to exit from indirect manufactured housing lending, which will open up some opportunities.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
