Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > Analysis and Commentary, Association, Business, Finance, Legal, Legislation, Manufactured Housing Industry, regulation > While GSEs Play Footsy with MHI, Congressional Leadership Demands Answers on FHFA

While GSEs Play Footsy with MHI, Congressional Leadership Demands Answers on FHFA

October 19th, 2018


There are people in Washington, D.C. that are demonstrably fighting for the interests of small businesses and consumers.


As Daily Business News on MHProNews readers may recall, the hearings last month with the House Financial Services Committee and the Federal Housing Finance Agency (FHFA) were dominated by sexual allegations surrounding soon-to-leave director Mel Watt. 


Mel Watt – FHFA and MH Connected Hearing Today to Feature Sexual Misconduct Allegations


Chairman Jeb Hensarling (R-TX) has raised concerns over improper lobbying efforts by the GSEs, which was also previously reported to the industry by MHProNews.


“Waste, Fraud, and Abuse” – FHFA, GSE Federal Oversight Announcement


The Government Sponsored Enterprises (GSEs) of Fannie Mae and Freddie Mac have both been giving money to the Manufactured Housing Institute, as has also been previously reported.  See but one example captured in the photo below from an MHI event.



Marty Lavin advises, “Follow the Money” and “Pay More Attention to What People Do Than What They Say.” You decide if Lavin’s dictum applies to this case. The GSEs are praising manufactured home quality, but then created a special class of manufactured homes, with key MHI member input, that is aimed at funneling that lending, per informed sources. What about the rest of the manufactured housing industry?



Collage by MHProNews.

The Manufactured Housing Association for Regulatory Reform (MHARR) has been pushing Congress, as well as the FHFA, for a full and proper implementation of their Duty to Serve requirements, including the use of robust use chattel financing.


MHARR Exposes GSES’ Failure On Chattel Financing Before Congress


Sources at MHI, and with the GSEs, tell MHProNews that no serious chattel lending is currently being done by either of the GSEs.  There are reasons to believe that closed door meetings between MHI, industry lenders, and the GSEs may have resulted in deals that kept them from entering the chattel market, in spite of the law.  See the related reports, below the by-line.

With that backdrop, here is the latest from Chairman Hensarling,



Hensarling: Taxpayers Deserve Far Better

Financial Services Committee Jeb Hensarling (R-TX) released the following statement after the Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) issued a report on the potential management and performance challenges of 2019: 

“As was demonstrated at the Committee’s hearing on September 27 with FHFA Director Mel Watt and FHFA’s Inspector General, this country’s government-run housing finance system is broken. The FHFA has failed as both the conservator and the regulator of the Government Sponsored Enterprises.

The FHFA Inspector General’s report confirms this fact, and it is yet another indictment of our broken housing finance system. The report details ‘four serious management and performance challenges facing the Agency’ for 2019, running the gambit from repeated failure to exercise proper oversight as conservator to failure to adequately address ‘critical risk’ as the Enterprise’s supervisor.

Reform is needed now. Taxpayers deserve far better.”



Confidential or on the record on-the-record comments and news tips, are welcomed. Please say NEWS TIPS in the subject line, to help us spot it in our volume of email. News tips can be sent with documents tot this linked email 

Hensarling is arguably correct.  But is there any reason to believe that MHI will do anything on this issue?  ICYMI, it need a refresher, see the related reports, linked below the byline. “We Provide, You Decide.” © ##   (News, analysis, and commentary.) (Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.

To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.
2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and

Related Reports:

Manufactured Housing Institute (MHI), Women, #MeToo and Insider Information

“He’s Lying,” Campaign Insider Video – “Don’t Do Politics?” Tell Jim Clayton, Phil Bredesen, and Marsha Blackburn, Preserving Access to Manufactured Housing Act Supporter

Financing – Dramatic Shift – Manufactured Housing Institute (MHI) Insider News Tips

Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here:
Comments are closed.