Caitlin Nauert of the Texas Manufactured Housing Association (TMHA) tells MHProNews the TMHA board members raised $16,000 towards a fundraiser it is co-hosting with the Manufactured Housing Institute (MHI) for Rep. Jeb Hensarling (R-TX). As Chairman of the powerful House Financial Services Committee, Rep. Hensarling oversees the mortgage industry, and has long been a strong advocate of private versus public. Noting new capital will not come into the market as long as FHA is offering 3.5 down on loans to people with low scores, he says it is difficult to compete with Uncle Sam, who has the ability to print money. TMHA has another $7,000 it has raised for Rep. Hensarling’s campaign that will be presented at the May 29 fundraiser.

(Photo credit: financialservices.house.gov–Rep. Jeb Hensarling)