In a video presentation, Frank Rolfe, a partner with Dave Reynolds in Mobile Home University, RV Horizons and MHP Funds, says he can call his congressional representative in Missouri and find out the chances of legislation passing that could positively affect the manufactured home industry, like altering Dodd-Frank.
Since it is often a one or two percent chance, Rolfe says Congress is like a business, and unless it is a hot-button issue, it is not likely to be changed, as MHProNews understands. He says everybody in the (MH) industry knows that Dodd-Frank is screwed up. If the party in the White House changes, there is a chance that many regulations will be repealed and perhaps that will include changes to Dodd-Frank. Other than that, based on feedback from his congressman, he has rather lost hope for a change.
Bob Crawford, the right hand man for industry legend Dick Moore, said Dodd-Frank was an overreaction on the part of the government, and while he does not envision Dodd-Frank being eliminated totally, he echoes Rolfe’s view that a change in the White House and the retention of incumbents could lead to some changes to the Act.
He says it will take a grass-roots effort for everyone to put pressure on their Representatives and Senators to make the needed changes because it is not in the interest of anyone in the Consumer Financial Protection Bureau to change.
Crawford says there has long been discussion about a post production national organization that represents retailers and community owners that could bring focus to this issue with representatives in Washington. He says the state associations do a good job looking out for their constituency, but they have to be nice to their representatives in trying to get rulings that benefit the industry and their particular issues.
Crawford envisions the new association as being more able to try and convince lawmakers of the need for change. “It is something that is sorely needed by this industry, and I would line up behind the first person who would take on this position,” he says.
Frank Rolfe says since the housing bubble in 2008 and the ensuing Dodd-Frank/CFPB debacle, he anticipates state associations will be more active in taking on community owner issues.
For the full interview, click here. ##
(Photo credit: MHProNews-Bob Crawford, left, and Frank Rolfe)
Article submitted by Matthew J Silver to Daily Business News-MHProNews.