“Loans with rates and fees above certain thresholds are supposed to be designated ‘high cost’ by the Consumer Financial Protection Bureau and thus subject to fewer legal protections. The bureau earlier this year decided to call loans high-cost if they have an annual percentage rate of more than 6.5 percentage points above a national average and 8.5 percentage points for many loans under $50,000. Lenders to manufactured-home buyers say many of their loans would fall into the high-cost category with this regulation, which goes into effect in January. They warn that they won’t make such loans because they carry increased legal risk.”

http://online.wsj.com/article/SB10001424127887323551004578440900357683558.html

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