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Posts Tagged ‘industry stakeholders’

USDA Offering Refinancing to Homeowners

June 12th, 2012 Comments off

ModularHomeCoach reports the United States Department of Agriculture (USDA) has instituted a program through its Rural Development Housing division to lower interest rates and monthly payments for thousands of borrowers who have loans made or backed by the USDA. The pilot program, designed to improve the housing market, is being tested in 19 states stretching from Rhode Island to California to the Midwest and on to Georgia and North Carolina. Tammye Trevino, USDA administrator says, “USDA will work with industry stakeholders, citizens and other federal officials to build upon the administration’s goals to help responsible homeowners refinance loans stay in their homes and shore up the nation’s housing market.” MHProNews.com notes the article expresses hope the program is not just another government drain that takes money away from new home construction.

(Photo credit: ModularHomeCoach/USDA Administrator Tammye Trevino)

Boehlert Addresses MHI’s Winter Legislative Session

February 28th, 2012 Comments off

Jason Boehlert, vice president of government relations for the Manufactured Housing Institute (MHI), shown here explaining the landscape of legislative affairs inside the Washington, D.C. beltway at the MHI legislative session government affairs briefing Feb. 25. His presentation included pending legislation that would provide regulatory relief for the manufactured housing industry. The House has bi-partisan support for the legislation but it needs sponsors in the Senate. MHI is urging members and industry stakeholders to contact their congressional representatives to support H.R.3849 that addresses two issues that affect consumers ability to obtain financing for MH: Reducing the threshold by which small balance manufactured home personal property loans are considered High-Cost Mortgage Loans under provisions within Dodd-Frank; and two, clarifying that those selling manufactured homes—who are not fundamentally engaged in the business of originating mortgage loans—are not to be defined as mortgage originators under the SAFE Act.

(Photo credit:  MHProNews.com)