The Manufactured Housing Institute (MHI) will testify before the House Financial Services Subcommittee on Financial Institutions and Capital Markets July 11 concerning the impact of Dodd-Frank on residential mortgage reforms. Clayton Homes General Counsel Tom Hodges, representing MHI during the hearing, will address the measure’s unintended consequences that limit credit availability for purchasers of manufactured housing, and will discuss the benefits of HR 3849, the bi-partisan Preserving Access to Manufactured Housing Act sponsored by Reps Stephen Fincher, Joe Donnelly, and Gary Miller. Other organizations in attendance include Mortgage Bankers Association (MBA), National Association of Homebuilders (NAHB), and the National Association of Realtors (NAR). MHProNews.com has leaned MHI is the only MH industry association to testify.
(Photo credit: MHProNews)