Industry & Services >> Analyst Interviews >> October 11, 2004

THE MANUFACTURED HOUSING MARKET: ABDUL RAJPUT – U.S. BANK – MANUFACTURED HOUSING FINANCE

ABDUL RAJPUT, with over 23 years of experience in the manufactured housing finance business, has been the president of U.S. Bank ' Manufactured Housing Finance Division since its inception in 2003, when he started a de novo M/H finance business. Prior to 2003, as President, he led the finance division of Home Pride Finance Corp., a subsidiary of Champion Enterprises, Inc. He was also an Executive Vice President of Operations for GreenPoint Credit Corp., a subsidiary of GreenPoint Bank. Mr. Rajput has managed national sales, marketing and a network of 45 regional offices nationwide. Previously, he was an Executive Vice President at Bank of America Housing Services/ Security Pacific Housing Services. Prior to this, Mr. Rajput was a Senior Vice President and one of the five Executive Officers of Green Tree Financial services for 10 years. He holds a Mini-MBA from the University of St. Thomas, Minneapolis, an MA in Statistics and a BA in Mathematics from Sindh University, Hyderabad, Pakistan. Profile
TWST: What is going on in the manufactured housing market at this point?

Mr. Rajput: Quite a few things. As a matter of fact, in the last five

years, the MH industry suffered a market shakeout