Senate Set to Mark Up Housing Finance Reform Measure

Referring back to a post published March 26, 2014, regarding the introduction by the Senate Banking Committee of the housing finance reform bill, the Manufactured Housing Institute (MHI) reports the committee will mark up its bipartisan bill April 29. As proposed, the new measure would replace Fannie Mae and Freddie Mac by a new Federal Mortgage Insurance Company (FMIC) that will include loans secured by manufactured homes, thereby including them in a way Fannie and Freddie were supposed to do but rarely did. ##

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