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FHA Call to Lenders on Workers, Contractors, re: Federal Government Shutdown

January 9th, 2019 No comments

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Shutdown theater continues in Washington, D.C. So, yesterday afternoon, the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) requested that approved lenders consider the financial hardships caused by the partial federal shutdown.

 

That press release is below, including a letter linked from FHA’s Brian Montgomery.  After that there will be an infographic that manufactured home retailers, developers, and communities may find of interest.

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WASHINGTON – The Federal Housing Administration (FHA) today called on all approved mortgagees and lenders to be sensitive to the financial hardships experienced by borrowers as a result of the shutdown, including those borrowers subject to furlough, layoff, or a reduction in income related to the shutdown.   Read FHA Commissioner Brian Montgomery’s letter to lenders and approved mortgagees.

FHA-approved mortgagees and lenders are reminded of their ongoing obligation to offer special forbearance to borrowers experiencing loss of income.

FHA expects all approved mortgagees and lenders to make every effort to communicate with and assist affected borrowers to the greatest extent possible by:

  • extending special forbearance plans to borrowers impacted by the shutdown, and
  • fully evaluating borrowers for available loss mitigation options to avoid foreclosure whenever possible.

“In accordance with longstanding policy, FHA expects mortgagees to assist borrowers experiencing a loss of income,” said FHA Commissioner Brian Montgomery in a letter to FHA-approved lenders and mortgagees.

FHA is also strongly encouraging all approved mortgagees and lenders to waive late fees for affected borrowers and to suspend credit reporting on borrowers nationwide who have been affected by the shutdown.

 

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.

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Here above is the promised infographic, and some 2019 FHA lending guidelines.  Turn to an FHA lender approved for manufactured home lending for additional details.

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

 

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72% Blue Collar Workers “Optimistic,” White Collar and More Insights from Porch/Examiner Poll Report

September 14th, 2018 Comments off


PorchWashExaminer72%BlueCollarWorkersOptomisticWhiteCollarSentimentDailyBusinessNewsMHProNews

 

The Washington Examiner recently reported on a survey commissioned by Porch on worker sentiments.

 

Porch is a free online network that links homeowners and repair, renovation. and cleaning professionals.  Their research found concerns about robotics and automation.  That’s a topic that the Daily Business News on MHProNews has reported on several times in recent years, see related reports, further below.

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But the new survey found “That recession driven grimness hanging over the workplace has lifted and now workers of all shades are feeling good about their future,” said the Washington Examiner.

PerceptionsByWorkerClassificationPORCHJobsurvey2018WashExaminerDailyBusinessNewsMHProNews600

The polling said that 72 percent of blue collar workers and 76 percent of white collar workers are optimistic about their future.

Many workers feel they can find another job easily.  That was confirmed by the latest JOLTs report, see that further below.

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The survey found that most blue-collar and white-collar workers are happy, feel respected, and like each other.

Consumer confidence, manufacturers, and business confidence have also been on the rise, as MHProNews has been tracking those trends since the election of President Donald J. Trump.

See the related reports, further below.  This is another survey that may suggest a trend counter to what political polling is indicating, and thus is important to manufactured housing investors and businesses. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

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Matt Drudge Alert – Hateful Leader Warning – TANSTAFL

July 24th, 2017 Comments off
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Original Matt Drudge photo credit, Huffington Post, shared under fair use guidelines.  Text, collage credits, MHProNews.

As a prologue to the headline topic, macro trends are often overlooked for their potential impact on our industry.  Further, polarized politics can dim the understanding of an issue.

Let’s draw a bright-line distinction between those voting for ‘progressive’ causes, and their leaders.

There are also leaders who may seem ‘conservative,’ but whose business or political postures are harmful to those whose rights they claim to protect.

It’s necessary to clearly differentiate between the mass of voters – or non-voters – and specific titans or leaders of business, tech, and finance who influence the direction of the politicos of the two major parties.

Thoughtful Daily Business News readers will glean why the distinctions between voters – certain leaders with their spin – and macro trends are all critical to this rapidly emerging issue.

How the following impacts housing professionals will become clear, and will be underscored later below.

Anti-People Business, Policy Practices 

There are business, tech, and political leaders who essentially –  or de facto – are harming, opposing – or one might say, advancing hateful policies with respect to millions of people.

HatefulDefinedCreditDictionary-postedDailyBusinessNewsmHProNewsConsider:
SelfCheckOutMHProNewsGraphicStockDailyBusinessNewsResearchDataReports1> Walmart, Sam’s and Costco are among those stores using job eliminating self-checkout.

> Sam’s Club introduced an app that allows members to scan and go, skipping checkout entirely.

> Several restaurants are testing tablets and other kiosks to avoid a human order taker or checker.

> For years, banks have been using ATM machines.

> Human operators or phone room caller positions have been eliminated by numerous companies in growing numbers over a decade.

> Uber is among those pursuing self-driving cars to replace human drivers.

> How many trucking, taxi or other companies might follow Uber’s lead?

> An airline is said to be testing a self-flying plane.

> There are estimates that perhaps some 86 percent of all jobs could be done by artificial intelligence (AI), robots or other machines.

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Sam’s Club “Scan and Go” app – like self-checkout – are ways of eliminating human jobs. While some politicos and pundits like to suggest that such tech advances have always resulted in more jobs, there are voices rising within and outside of our industry that suggest this time may be different. The need to create a defense for workers is now.

What all the above have in common is that they eliminate people from jobs.  Other examples could be added, but the point is made.

Previous Industrial Revolution vs. the Current Automated Revolution

On the one hand, in the past industrial revolutions, devices such as sewing machines or bull dozers enhanced the performance of humans.  People were still needed to operate those machines.

But in the current automated revolution underway, people are being replaced.  This is unlike farm workers moving to cities to find work in factories or shops. Now, there are no serious plans for replacing the human roles of tens to hundreds of millions – or billions? – of people.

The moral, business, economic, and political problems with the above or related ‘anti-people’ practices in society are numerous. What will be done with those millions of souls whose work is eliminated?  Will certain elite…care?

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To see that report, click the image above. 

Elon Musk’s Warnings

Consider these trends through the lens of Elon Musk’s warnings about regulating robots, which MHProNews was the first to spotlight within the Manufactured Housing Industry’s trade media.

There are economic, security, and other risks that arise – due to the possibility of the mass hacking of electronic devices.  These are mentioned in Noah Smith’s economic viewpoint, see that report – linked here.

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Credits as shown, to see that report, click the image above.

Selfishly beyond those issues, you can’t sell a house to a robot, can you?

Does self-checkout, ATMs, or driverless vehicles need housing?

When the working or middle class makes up much of our industry’s current base is further squeezed economically by such developments, how will millions be able to buy a home?

tristar-estates-bourbonnais-il-CreditMHC-MD-com, posted MHPorNews.com.

If blue or white collar workers are replaced by machines, who will buy homes, and how? What if management is replaced by AI? Arial photo credit of TriStar Estates, MHC-MD.com.

Is your job needed if the emerging trend outlined continues and accelerates?

If you aren’t the biggest in your field – as the larger firms automate, won’t your business rapidly be placed at an economic disadvantage?

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Facebook’s Mark Zuckerberg appears to be preparing for an entry into affordable – potentially modular/prefab housing – for that story, click the image above. Zuckerberg also appears to be preparing for a run for the Oval Office in 2020. For some related commentary on that and more, click here.

While some like Facebook’s Mark Zuckerberg are promoting policies that call for “universal income” – others for a $15 an hour minimum wage – these are among the issues that MHProNews has uniquely spotlighted within the industry’s trade media.  These policies have or could have serious impact on business and investments.

One reason in recent weeks and months the Daily Business News has been demonstrating the fallacies behind those concepts, is  precisely to lead up to points like today’s.  Such proposed plans may sound appealing to many, but so would $100 or $1000 an hour minimum wage.

Promises like “free college” – or “free” anything – may cause people to vote for someone, but in practice don’t work as promised. See those prior reports – and the economic liberty report below – can be read at their respective links.

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Or keep in mind the old high school adage, “TANSTAFL” – “There ain’t no such thing as a free lunch.”  Someone always pays.

There will be a high cost to these trends in replacing humans with automation if it isn’t rapidly – and successfully – addressed.

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Matt Drudge is the one quietly – over several years – sounding the alert. Don’t think that we imply that he is among the hateful leaders…he could be celebrated one day as an American hero.

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As regular Daily Business News readers know, a number of our reports are sparked by items found on the dominant news aggregator – Matt Drudge and his highly influential Drudge Report.  As of the date/time of this post, Drudge and his team’s website traffic count stood as follows, per their home page report: VISITS TO DRUDGE 07/22/2017
027,714,964 PAST 24 HOURS
868,857,608 PAST 31 DAYS
11,077,449,662 PAST YEAR

MHProNews editorially is far from being alone in raising these concerns.

The Drudge Report has tracked this troubling pattern for several years. Thank God for Matt Drudge and his team’s thoughtful work, as they scour the nation and world for trends that impact daily economic, political, moral, and social life.  Part of the genius of Drudge is that it spans the left-right media divide daily in its coverage.

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Full Measure’s Sharyl Attiksson’s media bias chart is useful in sorting out the agendas behind various headlines and news sources.

Most estimates of the AI/Automation/Robotics trend are in the 35 to 40 percent range of human jobs ended. Other are north of 80 percent of all jobs and careers.  Those higher percentages would include roles such as mangers, stock traders, and CEOs which could be eliminated by machines, robots, AI, and apps.

Isn’t it time to draw a line in the sand, rather than plant one’s head in it?

Is it time to start with something simple, like a Boycott of Self-Checkout?

To insist on dealing more with people, rather than machines?

Not Advocating Returning to the Stone Age

This column isn’t suggesting that you toss your computers, smartphones, or tablets.

It is suggesting that Drudge, Musk, Smith, and others are making a powerful – urgent – point.

Isn’t it time to create people-first protecting policies?

IWillLowerTaxesEliminateUnnecesaryRegulationUnleashAmercianEnergyPlacingAMericanBusienssandWorkersFirst-DOnalTrumpNationViewsMHProNews

President Trump and VP Mike Pence have both said they will be in the promise keeping business. For a summary of many of the president’s policies, click the image above. 

President Trump has indirectly addressed this in a variety of ways.

But Mr. President, could you formalize and address your specific plans on the above issues for tens of millions of threatened workers, please?

Americans, seriously – this isn’t a time to wait.  Whichever group grabs the nation’s trust on the above, will swing businesses, professionals, investors, and workers lives for generations to come.   There are leaders who could care less about “We, the People.”  They are sadly ‘hateful leaders’ in the purest sense of the term.

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Graphic credit, Sentinel News.

A Baby Step You Can Take, Starting Today

If you told the manager of every store you shopped that you:

  • will not use self-check-out,
  • to bring in the additional cashiers needed,
  • do so politely yet publicly, where other employees can hear,
  • then urge your friends to do the same — don’t you think they would respond?

We know from first hand experience that this can work, because we did so at a local Sam’s Club.  Employees that overheard, thanked us.  Customers also stepped up and did the same.  The next time we shopped, more checkout lanes were open, with humans managing the registers.

Isn’t it urgent to consider the consequences of inaction? (Cf. Dt. 30:19.) ## (News, analysis, commentary.)

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