Posts Tagged ‘Manufactured Housing Act’

Manufacturing Housing Pros rallying Troops for More Financing Options in 2016

December 10th, 2015 Comments off

committee_on_appropriations__wikipediaWhile H. R. 650, the Preserving Access to Manufactured Housing Act passed the House in April with bi-partisan support, the Senate companion bill S 682, cannot pass the Senate as a standalone measure because it would be vetoed.

If, however, it is attached as a rider to the must-pass appropriations bill, the president will sign it, according to Ross Kinzler, Executive Director of the Wisconsin Housing Alliance, who urges all in the MH industry to notify your congressional representatives to vote for this measure, which will correct the inadvertent powers bestowed on the CFPB by Dodd-Frank.

Joe Kelly of the Iowa Manufactured Housing Association (IMHA) reminds us that we cannot get much closer to relief from the onerous provisions of Dodd-Frank that hamper MH sales than for S 650 to be rolled into the large omnibus appropriations bill that has to be passed to keep the federal government from being shut down.

Even if your representative and senators have already voiced support, it doesn’t hurt to remind them again of the importance of S 650 as a policy rider to appropriations. He reiterates that conditions are always changing in the halls of Congress, we are approaching an election year and we do not know what may happen in 2016, so it’s best to do it now: contact your emissaries in Congress today.

Tyler Craddock, Executive Director of the Virginia Manufactured and Modular Housing Association, says “One click. One minute of your time.

MHProNews and MHLivingNews publisher L. A. “Tony” Kovach, echoing the words of other MH industry pros, says Ross Kinzler is correct, POTUS will sign off on an appropriations bill, but the MH industry needs to garner support for putting pressure on both parties in Washington to include S 682 in the appropriations bill.

While there is a two-year window for the legislation to pass next year, that is Plan B, which is much less certain. Kovach says, “If one-in-ten workers in our industry did that (contacted Congressional members) you could virtually guarantee that this rider would stay attached to the omnimbus appropriations bill, and this would thus pass this year. Passage this year means that next year, Joe Kelly’s right. We’d all be selling more homes as a result, plus our exiting home owners and lenders would be better off too!Affordable quality housing is a non-partisan issue.

Barack Obama learned community organizing as a young man, and used that to engineer two terms in the White House. The MH industry needs to learn that we as a community can use that same organizing tool to get what we want—not someday when maybe it falls in our lap, or tomorrow, which never arrives. Apollo Creed’s mantra from Rocky 3 is, “There is no tomorrow!!” Click here to send a message to your Members of Congress, now!

Link to Ross Kinzler; to Joe Kelly; to Tyler Craddock; to L. A. “Tony” Kovach. ##

(Image credit: wikipedia commons)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Help Ensure Passage of The Preserving Access to Manufactured Housing Act

July 24th, 2015 Comments off

senate banking committee  mbaa  orgThe Manufactured Housing Institute (MHI) informs MHProNews on Thursday, the Senate Appropriations Committee passed its Fiscal Year 2016 Financial Services and General Government Appropriations bill, which includes the Preserving Access to Manufactured Housing Act (S. 682/H.R. 650) per Senate Banking Committee Chairman Richard Shelby’s (R-AL) request.

While passage of the language from S.682 by the Senate Appropriations Committee is another step in the legislative process, it was approved along partisan lines with cosponsors including Thad Cochran (R-MS), Chairman of the Senate Appropriations Committee, and John Boozman (R-AZ), Chairman of the Financial Services and General Government Appropriations Subcommittee. Other Appropriations Committee cosponsors are: Lamar Alexander (R-TN), Shelley Moore Capito (R-WV), Steve Daines (R-MT), John Hoeven (R-ND), and James Lankford (R-OK).

Although U. S. Treasury Secretary Jacob Lew says he will recommend a veto of any legislation that alters the Dodd-Frank Act, Banking Committee Ranking Member Sherrod Brown (D-OH) may be willing to include modest changes to Dodd-Frank. In any case, it is crucial to the industry to keep the dialogue going. MHI says, “As the legislative process continues, we must work to ensure the Preserving Access to Manufactured Housing Act continues to be a part of this dialogue and that language is included in the final Dodd-Frank Act reform package that is passed by Congress.

MHI reminds us there are powerful consumer groups and other forces working to defeat The Preserving Access to Manufactured Housing Act, and it is incumbent on members of our industry to contact our Representatives and Senators to remind them of the importance of this legislation to their constituents. U. S. Representatives will working from their district offices from Aug. 3 to Sept. 7; Senators will be in their state offices from Aug. 10 to Sept. 7. Even if you have reached out to them before, it helps to follow up again during the recess. This is an absolutely critical time, and you can make the difference.

For assistance in making appointments to visit yur Congressional members Simply contact Leah Kehoe in MHI’s Government Affairs department at (703) 229-6207. ##

(Image credit:

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

MHI CEO Richard Jennison Defends H. R. 650

June 1st, 2015 Comments off

dick jennison  rvbusiness  creditIn response to an article by the editorial board of The New York Times in the May 20, 2015 edition which asserts that the Preserving Access to Manufactured Housing Act (H. R. 650) would increase predatory lending to consumers of manufactured housing, and would give Clayton Homes 90 percent of the market (among other assertions), Manufactured Housing Institute (MHI) CEO Richard Jennison defends H. R. 650: “Today’s federal rules are hurting homeowners and prospective homeowners by deterring lenders from entering the manufactured home (mobile home) market. This results in fewer lenders and less competition, hurting consumers.

Noting it neither weakens consumer protections nor favors one company, Jennison says instead it favors American consumers of unsubsidized, affordable housing while continuing to afford protection against predatory lending. For the MHProNews story on how the current regulations harm consumers, click here. #

(Photo credit: Manufactured Housing Institute-Richard Jennison)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Senate Banking Committee Passes Manufactured Housing Finance Reform

May 21st, 2015 Comments off

senate banking committee  mbaa  orgThe Manufactured Housing Institute (MHI) informs MHProNews that the Senate Banking Committee passed regulatory relief legislation that had been drafted by Committee Chairman Richard Shelby (R-AL). The 12-10 vote along party lines represents the most significant change to Dodd-Frank since it was enacted.

Section 108 of the bill includes provisions that expand access to affordable mortgage loans for manufactured home buyers, mirroring The Preserving Access to Manufactured Housing Act (S.682/H.R.650) that was passed by the House in April. The measure eases restrictions on lenders who make smaller manufactured home loans, and allows manufactured home retailers to provide information about potential lenders to their customers. Section 108 also preserves protections for the consumer such as the QM Ability to Repay and transparency of the transaction.

MHI reminds industry personnel of the importance of preserving Section 108, and the need to garner support for S.682 from senators who are not on board in the face of what is expected to be massive misinformation coming from the mainstream media and consumer groups to defeat the bill. Manufactured housing remains the largest source of unsubsidized affordable housing in the U. S. Unintended federal regulations have pushed lenders away from the market, harming consumers by making it more difficult for them to finance the purchase of MH.

Additionally, not only are consumers of manufactured homes stifled by the suffocating federal regulations. The workforce that builds and markets MH could create thousands of added jobs to the employment rolls, which in turn would provide millions in additional taxes to local, state and federal coffers.

The sense of urgency in contacting your senator cannot be overstated. Send an email to your senators by clicking this button, which will send a pre-drafted email to both of your senators. Or call the capital switchboard at (202) 224 3121 to obtain the phone number of both of your senators.

Many senators will be in their state offices during the Memorial Day work period which will allow you to visit them in person. ##


matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

IMPORTANT! Tell Your Senators to Support Manufactured Housing

April 28th, 2015 Comments off

mfg_home__pine_grove_mfg_homes_incIn a message to MHPronews from Nathan Smith, Chairman of the Board of Directors of the Manufactured Housing Institute, he notes the House has passed HR 650 April 14 by a bi-partisan vote of 283-162, and implores those involved in the manufactured housing industry to contact their two senators to support its companion bill, S. 682, in the Senate.

Also titled the Preserving Access to Manufactured Housing Act, the Senate Banking Committee held a hearing April 16 to consider the measure, and now the Senate needs to hear our voices of support for manufactured housing as a “critical resource for working families, and the largest form of unsubsidized affordable housing in the nation.

Don’t hesitate! Click on Email NOW, insert your address, and the message will automatically be sent to your two senators. You may also tweet using the same steps. ##

(Photo credit: Pine Grove Manufactured Homes)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sunday Morning News Re-Cap March 22 to March 28, 2015

March 29th, 2015 Comments off

Sunday_morning_recapThe Tunica Manufactured Housing Show in Mississippi shared the spotlight this week with the House Financial Services Committee passing the Preserving Access to Manufactured Housing Act out of committee and headed to the House floor for a vote. Additionally, IKEA prepares to ship 10,000 durable modular shelters to Iraqi homeless and questions remain about advancing interest rates and their affect on the overall housing market. MHARR questions rule-making by the U. S. Department of Energy, and demand rises for manufactured home communities.

Following are the stories we covered:

Monday, March 23

Manufactured Home Communities Top the REIT Charts

Housing Finance Reform Bill Balances Public vs Private

MHCV Gains, Tracked Stocks Close Mixed, Deer Valley Plummets

Tuesday, March 24

From Hollywood to Manufactured Housing Professional Growth, Profit

MHCV Advances to 650.5; Investors Heading to Europe, Dropping Dow

Wednesday, March 25

MHARR Questions Energy Department rules Governing Manufactured Housing

Passages: LaDonna Smith

Demand, Sales Rise for Manufactured Home Communities

Economy Fears Drive Down Tracked Manufactured Home Stocks, MHCV

Modular Classrooms will Accommodate Growing Enrollment

Thursday, March 26

Could the Housing Bubble Burst Again?

City is Developing Manufactured Home Community Co-op

New and Existing Home Sales Rise; Housing Starts Plunge

MHCV, many Manufactured Housing Stocks Slip; Analysts Predict Further Falls

IKEA Develops Modular Refugee Shelter

Rep. Hensarling Notes Bipartisan Support for American Dream, Fighting Terrorism

Friday March 27

Skyline Corp. Secures Line of Credit

Australian Builders Encouraged to Study Modular Techniques

H.R. 650 Passes out of House Financial Services Committee

RV/MH Foundation Issues Challenge for Debt Elimination Campaign

MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown

Operation Choke Point Examined by Subcommittee

Saturday, March 28

Will Higher Interest Rates Affect the Housing Market?

2015 Tunica Manufactured Housing Show Flash Report

(Image credit: MHProNews)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

Preserving Access to Manufactured Housing Act Reintroduced in Senate

March 10th, 2015 Comments off

38_00004A bi-partisan group of U. S. senators have reintroduced the Preserving Access to Manufactured Housing Act so fewer manufactured home loans are classified as high cost. Senators Joe Manchin (D-W.VA), Joe Donnelly (D-IN), Pat Toomey (R-PA) and Tom Cotton (R-AR) filed the bill that will alter the thresholds under the Home Ownership and Equity Protection Act (HOEPA).

Currently, according to, if a transaction is under $50,000 and the home is considered personal property, the interest rate cannot exceed Average Prime Offer Rate (APOR) by 8.5 percent without being classified high-cost and subject to additional expenses. Under the proposal, the threshold would change to APOR+10 percent for transactions under $75,000.

Homeownership is an important goal for so many West Virginians and Americans,” Manchin said. “This bipartisan bill will help keep the American dream of owning a home alive by improving guidelines that have negatively impacted consumers’ ability to purchase a home.”

As MHProNews understands, guidelines issued under the Dodd-Frank Act classified many small-balance loans used to purchase manufactured homes as high-cost loans, increasing lender liabilities and hampering the purchase of affordable manufactured homes for many Americans. The bill matches a similar measure reintroduced under the same name in the U. S. House of Representatives, H. R. 650.

“The manufactured housing industry is an important role in homeownership options, which have unfortunately been constrained by excessive regulations by the CFPB,” Cotton said. “As we’ve seen, unintended consequences of these regulations have limited the housing and mortgaging choices of hard-working Americans in many rural areas.” ##

(Image credit:–historical U. S. Senate)

matthew-silver-daily-business-news-mhpronews-com   (Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

All Parks Alliance for Change Lobbying Congress opposing Minnesota Community Owners Support for a Floor Vote on the Preserving Access to Manufactured Housing Act (HR1779)

August 22nd, 2014 Comments off

all-parks-alliance-for-change-mobile-justice-protest-mn-capitol-posted-daily-business-news-mhpronews-com-.Mark Brunner at the Manufactured and Modular Housing Association of Minnesota (MMHAMN) tells MHProNews that the All Parks Alliance for Change (APAC) is lobbying Congress to oppose The Preserving Access to Manufactured Housing Act (HR 1779).

Brunner says APAC has sent out the following call-to-action statement to their members.

“House members are about to take their August Recess and start campaign season, and one of their last orders of business may be a vote on the Preserving Access to Manufactured Housing Act (H.R. 1779). This bill would undermine the Consumer Financial Protection Bureau’s new regulations for manufactured home financing in order to allow chattel lenders to burden manufactured home buyers with excessively high closing costs and interest rates. A vote on the House floor is a critical moment–and could happen as soon as Monday. We need your help to make sure the House does not pass this harmful bill and send it to the Senate.”

APAC describes itself these terms;

All Parks Alliance for Change is the statewide organization for Minnesota’s 180,000 manufactured home park residents. APAC provides a vehicle for manufactured home owners to express their needs and concerns in their parks and in the larger community. Through education, grassroots organizing and leadership development, APAC works with residents to improve the quality of life in park neighborhoods, protect the rights of park residents, advance public policy change that supports safe, affordable, and stable park communities, and preserve this vital source of affordable housing.”

As informed manufactured housing (MH) professionals know, millions of owners of mobile and manufactured homes have been de facto cut off from financing by the so-called unintended consequences of Dodd-Frank and the CFPB’s regulations. Many MH lenders are no longer making loans on homes where the loan balance is under $20,000, because the costs to originate and service low-balance loans under the CFPB’s current regulations makes them unprofitable. As an Industry in Focus Report detailed, the issue isn’t heartless predator lending, as APAC or others akin to them allege, the culprit is simple math.


A recent GAO report demonstrated that even with a higher interest rate on a personal property (chattel) loan, manufactured homes are the most affordable kind of permanent housing. This supports the findings of an earlier study by FannieMae, shown in the graphic above.

Some also overlook the fact that such interest is often tax deductible, so the higher cost can be mitigated when that option is available for a MH home buyer.


APAC links itself to National Manufactured Home Owners Association (NMHOA), lead by Ishbel Dickens, who has publicly called Manufactured Home Community owners “the enemy.”

However, the real enemy seems to be either ignorance of the facts or a deliberately polarizing approach taken by such groups. That arguably harms the very MH owners APAC or NMHOA claim to represent. In fact, the membership numbers of such groups are usually only a tiny fraction of the total in any given community.

Dodd-Frank and CFPB regulations haven’t just harmed MH lenders, businesses and the customers they serve, but has forced numerous community banks out of business because of the high cost of the regulatory burdens being imposed.  HR 1779 is a common sense fix for the MH related issues.

Brunner and the MMHAMN have joined with MHI asking industry professionals to contact members of Congress via their new immediate contact “Engage” system. Brunner urged, “Because we are now facing a numbers game with APAC trying to overwhelm Congressional Offices with misinformation about H.R. 1779, please encourage all of your employees, spouses and voting-age family members, along with business partners/vendors to do the same by forwarding them this Call To Action.” 

A click to Engage, linked here, allows you to contact your member of Congress with a few key strokes. ##

(Photo credit: APAC. Chart source: FannieMae.)


Friday 13th Senate Companion Bill for HR 1799/MH Avoided

December 14th, 2013 Comments off

us_senate_seal-posted-daily-business-news-manufactured-housing-mhpronews-Informed sources told MHProNews on Friday that the companion bill to HR 1779 – The Preserving Access to Manufactured Housing Act of 2013 – was about to be filed. A source close to Oklahoma Senator Tom Coburn said off the record, “Dr. Coburn has decided to cosponsor the bill with Senator Donnelly.  It will be introduced today (Dec 13th).” Another source revised that expectation, saying the bill would more likely be filed on Monday. “No, the Senate adjourned a bit earlier than planned.  It’s going to drop the first thing Monday!”

The Senate companion bill becomes more important to manufactured housing home owners and industry members, since the CFPB rejected the bipartisan call by 11 U.S. Senators to delay the implementation of Dodd-Frank rules impacting manufactured home lending.

The news brief and a copy of Richard Cordray’s letter declining a delay in support are available as a download on the article linked here, or as an updated download from the article linked below.

MHProNews will naturally track these developments and keep industry members, investors and other interested parties informed. ##

(Editor’s Note: See a red-hot HR 1779 related story at this link.)

Massachusetts AG sues manufactured home community owner

August 25th, 2011 3 comments

Martha_Coakley_MA_AG_wikimedia_commonsSaratogan reports Massachusetts Attorney General Martha Coakley is suing the owners of Saratoga Springs NY based Morgan RV Resorts, alleging the company is intimidating members to collect exorbitant fees in their Cape Cod manufactured housing community. According to Coakley’s press release, the company’s sales team “aggressively solicited homeowners at Peters Pond to pay up to $16,000 as a membership fee to remain in the community.” The fee was allegedly on top of the $6,000 annual fee owners paid for their land lease at the Sandwich, Mass., housing community. AG Coakley’s lawsuit seeks to end the collection and also return the fees already paid by residents. Coakley alleges the practices are a violation of the Consumer Protection Act and the Manufactured Housing Act. According to the lawsuit, nearly 100 homeowners have paid to join the club out of fear that they would lose their home. Morgans RV Resorts officials did not respond to a message seeking comment by the reporting publiser’s press time.

(Coakley file photo credit: Wikimedia Commons)