While the Manufactured Housing Association for Regulatory Reform (MHARR) reports the government-sponsored enterprise (GSE) finance reform bill in the House, called the Protecting American Taxpayers and Homeowners Act (PATH), is being prepared to move forward, there is no indication manufactured housing consumer financing is included. Although some industry reports say PATH “should” include manufactured home loans within the new privately-based securitization structure, it is too risky to leave it to chance. Given that it is not known when the the measure may come to the House floor, MHARR strongly recommends that mandatory manufactured housing consumer finance language is included in the bill, and that an amendment to that effect be drawn and readied for inclusion. MHARR and the Manufactured Housing Institute (MHI) are working together on this initiative, as MHProNews has learned.
(Photo credit: Liberty Homes)