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Varying property types Larson grew up in Big Sandy, a small town north of Great Falls. He joined the mortgage industry in 1990 and transitioned to the reverse channel in 2002. Population centers like Bozeman and Billings may have more tract homes, but that is a relatively recent development, DeWolf explained.
Instead, they have opted to finance manufactured homes that more closely resemble site-built homes, are titled as realproperty and cost much more. Freddie Mac has sought to educate borrowers on options to convert chattel financing to realproperty. Freddie Mac declined to comment.
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