Posts Tagged ‘GreenbergTraurig’

American Banker’s Association analysis of the 2014 MidTerm Elections

November 6th, 2014 Comments off

american-bankers-association-aba-logo-posted-daily-business-news-mhpronews-com-The American Banker’s Association (ABA) has released their analysis of the 2014 mid-term elections. MHProNews has obtained their statement. Quoting,After countless television and radio spots, endless debates and campaign expenditures of nearly $3.7 billion, the control of the U.S. Senate is now in the hands of Republicans and, as expected, Republicans exceeded their margin of control in the U.S. House of Representatives.”

As is the case with all informed Americans, bankers remain concerned with the difficult issues our country faces on the tax policy, health care and the budget deficit. More directly, bankers are concerned that four years after the passage of the Dodd-Frank Act, banks of all sizes are feeling the strain of regulation weighing the industry down and harming their ability to serve their customers.”

The seriousness of the concerns of the ABA and other groups reminds manufactured housing professionals that our industry is far from alone in feeling the negative impact of the CFPB and other regulatory over-reaches at the federal level. Quoting again from the ABA release,The results of this election could have a significant impact on the ability of our country to address issues before they grow beyond repair.

The entire ABA post-election report is available at the link here. ##

Related story on GreenbergTraurig (GT) post election report, linked here.

(Image credit: ABA logo)

Flash Report – Manufactured Housing Industry plans to act on the Republican Sweep

November 6th, 2014 Comments off

GreenbergTraurig-graphic--posted-daily-business-news-mhpronews-com-The manufactured housing industry is already planning to introduce legislation in the House and Senate to loosen the definition of points and fees under the Qualified Mortgage Rule, an industry source tells MHProNews.

The move could bode well for manufactured housing industry lenders, retailers, communities and their consumers.

The report by GreenbergTraurig (GT), styled Republican Takeover of the U.S. Senate could bring first changes to Dodd-Frank, provides their firm’s 3 ½ page analysis of the post election outcomes, including what the opportunities and hurdles are for changes to Dodd-Frank as a result of the increased Republican presence in the House, and that party’s takeover of the U.S. Senate.

The GT report linked above asserts that the first changes to Dodd-Frank could flow from the election outcomes. Some of those changes would bode well for manufactured housing lenders, and thus the industry and its consumers. ##

Related Masthead commentary, linked here.

(Graphic credit: GT)