Posts Tagged ‘senator bob corker’

“I Can’t Think of a Good Reason to Keep People from Buying Affordable Housing” – Manufactured Home Industry Voices Video

March 15th, 2019 Comments off



Numbers of these people are paying more for rental housing” than they would for manufactured homes, said then Senator Bob Corker (TN-R) in the video posted below. The headline quote is from an independent ‘mom and pop’ owned manufactured home community owner, who is also on this Inside MH video episode.


What both said they and others said at the time this video was made still applies today.

Flashbacks and history are massively useful, but only to those who are willing to clean the smudge off the lens of their glasses, see what was said then, and watch to see what has transpired since.  Every single voice on the second video below, every statement made, has relevance and value.

For example.

In hindsight, one could argue that it was never the Manufactured Housing Institute’s (MHI) belief that their publicly desired and supported Preserving Access to Manufactured Housing Act would ever pass.  But set that aspect of the video aside for now.

Several of the broader issues relating to financing and access to manufactured homes that this video tackles could matter as much or more today as it did the day this episode of Inside MH was first produced and published.

Imagine, then Consumer Financial Protection Bureau (CFPB) Director, Richard Cordray admitted on camera several useful facts for the industry.  Cordray, a Democratic candidate in 2018 race to be Governor of Ohio made admissions that are as useful today as they were when he said them. Sadly, several of those facts were arguably never properly illustrated by the fine folks whose factory-built housing association offices are in Arlington, VA.  But again, that’s an aside, not the main point.

Rather, at about the 5:30 mark in the Inside MH episode, Richard ‘Dick’ Jennison says something we referred to a few weeks ago.  The manufactured home industry, said Jennison on camera in front of a live industry audience, could achieve 500,000 new HUD Code manufactured home sales.  Compare that to the under 97,000 the industry actually achieved, 4 years after Jennison spoke.



What was accomplished previously in sustainable shipment levels, can clearly be done again.



500,000 new HUD Code manufactured homes produced and sold should still be an active goal for retailers, communities, suppliers, producers – everyone that wants more affordable home ownership.

It stands in stark contrast with what he said months before, that the industry should grow slowly, noted in the 18 second video clip, below.



Before Jennison speaks at that 5:30 mark, former community owner, volume retailers and finance expert – MHI award-winner Marty Lavin – shared valuable insights.

Lavin, it should be noted, made these statements prior to the National Association of Realtors (NAR) or the FHFA research in 2018, both of which underscored the fact that manufactured homes were gaining in value.

That said, the principles Lavin addressed – properly understood are potentially huge for our industry. For example, with a better exit strategy for manufactured home owners who want to sell, several groups benefit.

  • The ability to more easily finance and sell a HUD Code home protects the value for its owner.
  • The ability to sell a home more easily benefits sellers and buyers alike.
  • The easier access to financing becomes a reality, and the more Americans understand that opportunity to enjoy appreciation in an appealing home praised by numerous third parties in 2018, the healthier that is for almost every segment of society.

We’ll note that we waved bye-bye to our videographer on this video some time ago, but it still conveys its points effectively.



The video raises other topics that the recent Duty to Serve (DTS) letter MHI signed onto to the FHFA should be raising concerns about. See that in the related topics, by the by lines, notices and offers.

There is a need to look back, look around, and look ahead.  When you drive a car, you don’t look down, you don’t look up, you grab glances that give you a sense of what’s 360.  That’s true for business, investing, public policy, and more.  Looking back at this video, it is relevant today, and will continue to be until the industry begins to achieve its true potential.  Then, it will be relevant as a reminder of how low the industry’s professionals and investors allowed itself to sink.

That’s this tonight’s “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide” © ## (News, analysis, commentary.)



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Cutting through Media Fog for Manufactured Home Owners and Pros

February 17th, 2016 Comments off

1-SenBobCorkerSamLandyUMHRichardCordrayCFPB-HUDsecretaryJulianCastro-InsideMH-ManufacturedHomeRegulationsHR650S682PreservingAccessManufacturedHousingVideoMillions of manufactured home MH owners and thousands of MH professionals are being adversely impacted by the current state of CFPB regulations. Yet the fog created by interest groups that oppose changes to Dodd-Frank or the Consumer Financial Protection Bureau (CFPB) current policies have slowed the progress in the Senate of S 682, dubbed Preserving Access to Manufactured Housing Act.

The House version of the same bill, HR 650, passed last spring with bi-partisan support.

Inside MH has produced a video that spotlights the issue, by presenting key players in Washington, DC speaking about manufactured housing and MH lending regulations in their own words. That video is found on the page linked here, which in under 2 days drew thousands of MH professionals and numerous positive reviews of the video.

A source at CFPB indicates they are considering a response to the video and the issues it raises.

The Manufactured Housing Institute (MHI), has not yet made a statement on the subject, which was produced independent of their input, but included insights from MHI members, including Sam Landy, President and CEO of UMH Properties, who is featured in the video speaking about the impact of the current regulations on home shoppers, MH owners and MH professionals.  

MH state associations and industry pros have provided positive feedback in the video, and have forwarded the link onto members, colleagues and others.  “It’s a useful tool in advocacy on the policy side with Congress and the CFPB,” one email to MHProNews said, with others commenting “Great video!” or “This is well done,” etc.

MHLivingNews publisher L. A. ‘Tony’ Kovach has said this could be the first of other such videos that spotlight issues impacting manufactured housing home owners and professionals.

We have manufactured home owners and professionals who state on camera that they want to see the unintended consequences of Dodd-Frank changed, either by the CFPB making the needed adjustments, or through enactment by the Congress of the Preserving Access to Manufactured Housing Act,” Kovach told the Daily Business News.

The United States faces an affordable housing crisis, and manufactured homes serve as a vital solution for folks of modest means,” Secretary of the U.S. Department of Housing and Urban Development (HUD), Julian Castro states in this video.

That fix for the affordable housing crisis, Kovach says, doesn’t cost the taxpayers money.  By using manufactured homes and removing artificial barriers caused by mistaken regulatory policies, that can save taxpayers money because some renters will opt for ownership or possibly subsidized housing. “It will take one or more videos like this to cut through the noise and fog that special interest groups have created to get S 682 through the Senate and Preserving Access to Manufactured Housing passed into law.”  

Kovach suggested the best link to share the video with Congressional staff and others is the one here, on MHLivingNews, so that those who don’t yet understand all the benefits and modern realities of manufactured housing can go beyond the video and learn even more. ##

(Image collage credit – Inside MH video,

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

Mortgage Cooperative may Replace Fannie Mae and Freddie Mac

March 13th, 2014 1 comment

A major aspect of the bipartisan housing finance reform legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) of the Senate Banking Committee is a mortgage cooperative to ensure small and regional lenders can sell their loans for cash. As informs, the cooperative would initially be funded by the government, replacing Fannie Mae and Freddie Mac. The bill would allow members with assets of up to $500 billion, which excludes only the largest five banks in the country. A bill introduced last summer by Sen. Bob Corker (R-TN.) and Mark Warner (D-VA) was designed for small and medium-sized lenders, and was funded by members instead of by the government. More details will emerge as Senators Johnson and Crapo release the text of the measure. ##

(Image credit:–money house)