Advertise with MHProNews to be seen

Update on Fannie Mae Lobbying, and Manufactured Housing Controversy

Advertise with MHProNews to be seen
Fort Worth, Texas this September 16-18 manufactured home sale
Advertise with MHProNews to be seen
Yor Ad Here om manufactured home ProNews-MarketingMHProNewsGif

UpdateOnFannieMaeLobbyinGateManufacturedHousingControversyFannieMaeLogoDailyBusinessNewsMHProNews

The recent report from the House Financial Services Committee Chairman, Jeb Hensarling, to MHProNews late last week pointed out that Bloomberg – and the Daily Business News – had identified ways that appear to reflect that Fannie Mae has violated the FHFA mandate that the GSEs are barred from lobbying.

 

An attentive MHProNews reader provided a tip today that indicated the following “explanation” already published by Fannie Mae on this concern over lobbying.

Advertise with MHProNews to be seen

On page 22 of the Fannie Mae manufactured housing plan, is the following.

Fannie Mae will undertake the following measurable Actions in the years indicated.

Year Actions 2018 · Actively participate in the manufactured housing industry as a member of the Manufactured Housing Institute (MHI) (excluding any lobbying activity) in order to maintain an industry presence and remain current on activities and developments facing the market.”

One might ask, did Fannie Mae join other industry associations?  If not, why not?

FannieMae2018Page22MHImembershipManufacturedHousingIndustryDailyBusinessNewsMHProNews

If their purpose was to stay current on industry activities, can’t that be done by meetings and reading?  Does it require membership in MHI?

DSNews reported that Fannie Mae said in response to Hensarling’s concerns that, “Fannie Mae does not lobby and has not advocated for any specific policy.”

As a legal source we checked with on this issue said, ‘Money is fungible. It is disingenuous to say that just because they claim not to be supporting lobbying, that whatever their [Fannie Mae] dues are that the money hasn’t in some sense advanced MHI lobbying.’

The statement by Congressman Jeb Hanserling, Chairman of the House Financial Services Committee, on this topic and the MHProNews related analysis are linked below.

Chairman Hensarling, Fannie Mae’s Latest “Backdoor Schemes,” Illegalities? MH Connections, Implications

MHProNews invites a formal statement from Fannie Mae, MHI, MHARR or others on this issue. “We Provide, You Decide.” ©  ## (News, analysis, and commentary.)

(Third party images, content are provided under fair use guidelines.)

Related Reports:

MIA from Fannie Mae’s Latest Housing Survey, MHI Producer Sounds Off

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic
To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top