Top National News Homebuilders Remain Upbeat The National Association of Home Builders’ confidence index was unmoved at 54 for November, the sixth month in a row that the reading has been above the neutral level of 50. Still, the report disappointed industry watchers who had predicted a stronger performance. On …
MHI Financial Services and CFPB Update Senators Urge CFPB to Provide Relief to Manufactured Housing Market On November 6th, a bipartisan contingent of Senators urged Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to provide manufactured home lenders with relief from the Dodd-Frank Act High-Cost Mortgage (HCM) triggers. The letter specifically …
MHI’s Dodd-Frank and Financial Services Policy Update House Committee Leader Seeks to Delay CFPB Mortgage Regulations Representative Shelley Moore Capito (R-WV), who serves as Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, is circulating a “Dear Colleague” letter urging the Consumer Financial Protection Bureau (CFPB) …
Top National News Cost of Flood Insurance Rises, Along With Worries The Biggert-Waters Flood Insurance Reform Act of 2012 is being rolled out in stages, with a major element that removed subsidies to keep federal flood insurance premiums artificially low for millions of policyholders in effect as of Oct. 1. …
MHI Annual Awards Dinner The MHI Annual Awards Dinner was held on Monday evening and began with a reception sponsored by Shaw Industries, Specialty Markets. Four members of the manufactured housing industry were honored during the annual awards dinner. David Tompos, President and CEO of NTA, Inc. received the Frank Walter Standards …
Please beware of scams that target trade shows. An MHI staff member recently received an email from Global Housing Services, Corp. noting that they are currently accepting reservations for the National Congress & Expo for Manufactured and Modular Housing to be held on April 29th – May 1st, 2014 in Las Vegas, …
MHI News Support Builds for H.R. 1779 Since the month-long Congressional recess in August, more than 30 U.S. Representatives added their names as co-sponsors to H.R. 1779. Currently, 80 Representatives have co-sponsored the measure and support continues to grow. MHI thanks its members and the national network of state associations …
Top National News Builder Confidence Remains at Almost 8-Year High Confidence among home builders in September remained at the highest level in almost eight years, despite rising mortgage rates, according to a report releasedTuesday. The National Association of Home Builders/Wells Fargo housing-market index stood at 58 in September, while August’s …
MHI News Direction of Housing Finance Reform Remains Unclear, MHI Takes Lead in Developing Outlets for Manufactured Home Loans During the month-long August congressional recess, the Senate Banking Committee has begun the process of developing housing finance reform legislation, which has included meeting with a variety of industry representatives …
5,347 New HUD-Code Homes Shipped in June 2013 – Up 5.1 Percent from June 2012 MHI’s Monthly Economic Report© for June 2013 is now available. In June 2013, 5,347 new manufactured homes were shipped, up 5.1 percent from June 2012. Increases were across the board with shipments of both single-section and …
MHI News Congressional Recess Provides Opportunity to Showcase Role of Manufactured Housing and Build Support for H.R. 1779 With Congress on recess until September 9th, MHI urges industry members to continue their efforts to secure co-sponsors to the Preserving Access to Manufactured Housing Act (H.R. 1779). For more information on the …
MHI News House Financial Services Committee Approves PATH Act; Provides Manufactured Housing Industry Boost to Dodd-Frank Relief Efforts On July 24th, the House Financial Services Committee approved legislation (H.R. 2767) that reforms the nation’s housing finance system by winding down Fannie Mae and Freddie Mac and replacing them with a …
Top National News Conditions Are Ripe for Household Formation Data from several analysts points to a sharply positive shift in U.S. household formation that has triggered rising demand for all types of housing over the past couple of years, including multifamily and single-family rental and ownership. The analysts wrote …
MHI News MHI Achieves Victory in Key CFPB Appraisal Rulemaking On July 10th, the Consumer Financial Protection Bureau (CFPB), in cooperation with five other federal agencies, issued joint proposed regulations providing exemptions from appraisal requirements for certain higher-priced mortgage loans (HPMLs). The appraisal requirements for higher-priced mortgages were imposed by …
5,659 New HUD-Code Homes Shipped in May 2013 – Up 8.9 Percent from May 2012 In May 2013, 5,659 new manufactured homes were shipped, up 8.9 percent from May 2012. Increases were across the board with shipments of both single-section and multi-section homes up compared with the same month last …
MHI Dodd-Frank and CFPB Updates MHI Seeks Industry Assistance to H.R. 1779 On May 30th, MHI held a call with manufactured housing state association executives to discuss outreach assistance needed to obtain more co-sponsors to H.R. 1779. To date, the following Representatives have agreed to co-sponsor the legislation (H.R. 1779) …
Top National News Senators Want to Move Forward With Fannie, Freddie Reform As part of a revamp of the mortgage finance market, a bipartisan group of senators is pushing to largely eliminate Fannie Mae and Freddie Mac. Lawmakers and industry representatives reportedly are closing in on a broad framework that …
MHI News MHI Member Assistance Needed in Securing Co-Sponsors to H.R. 1779 In April, Reps. Stephen Fincher (R-TN), Bennie Thompson (D-MS) and Gary Miller (R-CA) introduced the Preserving Access to Manufactured Housing Act(H.R. 1779). The measure would amend provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would …
4,504 New HUD-Code Homes Shipped in March 2013 – Down 4.1 Percent from March 2012 MHI’s Monthly Economic Report© for March 2013 is now available. In March 2013, 4,504 new manufactured homes were shipped, down 4.1 percent from March 2012. Shipments by housing type moved in opposite directions with single …
To: MHI Certified and Alternate Representatives From: Jason Boehlert, MHI Government Affairs Late last week, Reps. Stephen Fincher (R-TN), Bennie Thompson (D-MS) and Gary Miller (R-CA) introduced the Preserving Access to Manufactured Housing Act (H.R. 1779). The measure would amend provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act …
