Post-Production Segment’s Difficult Decision
MHARR Viewpoint – October 2010
 By Danny D. Ghorbani
This is the second of a two-part series designed to explore the difficulties confronting the manufactured housing industry, consider the causes of those difficulties and suggest common-sense solutions to help the industry recover from its steep decline of the past twelve years and expand further to meet the needs of consumers of affordable housing. For purposes of this article, the term “production sector” refers to HUD Code manufactured home producers and product suppliers. The term “post-production sector” refers to HUD Code retailers, communities, developers, installers, finance providers and insurers.
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The release of a new FHA Title I Mortgagee Letter, designed to complete the implementation of the Title I program improvements approved by Congress in the Housing and Economic Recovery Act of 2008 (HERA), was announced by Federal Housing Commissioner David Stevens at the June 2,2010 manufactured housing industry finance summit meeting. The Mortgagee Letter, to be issued on June 2, 2010, will, according to HUD, pave the way for the development of guidelines by GNMA for the securitization of manufactured housing obligations and the qualification of finance institutions to provide FHA-insured Title I loans. &, Below).