Posts Tagged ‘FHA Title 1’

MHARR Blames HUD for Industry Downfall

March 13th, 2011 Comments off

11 update says manufactured home production was down 12.89 percent over January of last year. The report says HUD is directly responsible for the precipitous drop of HUD Code manufactured houses from 374,000 in 1998 to under 50,000 last year. It says the Federal Housing Administration (FHA) Title 1 program to assist moderate and low income buyers has been hampered by the Government National Mortgage Association (GNMA). This sub-entity of HUD has imposed excessive securitization restrictions that can be met only by a few large mortgage originators. Despite the reforms of the 2008 Housing and Recovery Act (HERA), only 1,834 Title 1 loans were made in fiscal 2010, down from 20,000 yearly in the 1990s. In addition, says the report, another stumbling block is HUD’s apparent alignment with the larger manufacturers who tend to favor the “where needed” sprinkler standard to meet local and state jurisdictional codes. The report also says in dealings with regulators, too many manufacturers follow the “go-along-to-get-along” approach, and notes that some manufacturers who protest have been penalized, especially the smaller producers. MHARR suggests HUD is pushing for even more control of the industry it has crippled.  Read the full MHARR report here.

MHARR Responds to Congress’s Terminating Housing Programs

February 24th, 2011 Comments off

In response to notice of the House of Representatives upcoming hearings to markup four bills that will terminate failed and ineffective housing foreclosure programs,  the Manufactured Housing Association for Regulatory Reform (MHARR) issued this statement:
“It is worth noting that while the federal government has been spending billions of dollars on failed programs such as these, the one HUD program that helps put lower and moderate income consumers (i.e., manufactured home buyers) into new homes that they can actually afford — the FHA Title I manufactured housing program — is subject to unreasonable and unnecessary restrictions that effectively limit it to only one financing provider and a minimal number of loans (1,834 loans during the fiscal year 2010).  It is a shame the way the public/private consumer financing issue has been mishandled in Washington, D.C.  At a time when all decision-makers in the nation’s capital are doing their best to help lower- and moderate-income American homebuyers, the unavailability of HUD Code financing, a key post-production issue, is not even on their radar screen.”  The full press release is available at

Categories: Legislation Tags: ,