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Sacramento, Calif., Market for Prebuilt Homes Perks Up with Fannie Mae Ruling.

By Andrew LePage, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News

Feb. 17--From Woodland to Washington, spirits have soared in the manufactured housing industry following Fannie Mae's recent decision to cut in half -- to 5 percent -- its minimum down payment for a 30-year mortgage on a factory-built home.

Fannie Mae, the nation's largest mortgage purchaser, announced last week that it has partnered with nine lenders, including Washington Mutual, to offer the lower-down-payment loans. The mortgage giant said the move will infuse more dolla

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