Yesterday, February 15th, HUD proposed in the Federal Register, changes to the Manufactured Home Procedural and Enforcement Regulations, Subpart I, Consumer Complaint Handling and Remedial Actions. This rule incorporates the extensive work and recommendations of the Manufactured Housing Consensus Committee which has considered the issue since at least 2004. Attached …
The 2011 MHI Legislative Conference and Winter Meeting to be held on March 13-15 in Washington, D.C. will feature a prominent array of speakers on timely issues you won’t want to miss.
Invited: U.S. Chamber of Commerce Senior Official
Topic: Regulatory Reform in Changed Political Environment
Confirmed: Panel of Senior Congressional Staff
Topic: 112th Congressional Outlook
Confirmed: Robert Ryan, Deputy Assistant Secretary and Chief Risk Officer for Risk Management and Regulatory Affairs, U.S. Dept. of HUD
Topic: Reforming America’s Housing Market and Future of Fannie Mae and Freddie Mac
Confirmed: Congressman Neugebauer (Texas)
Chair, House Financial Services Subcommittee on Oversight and Investigation
On February 11, the Obama Administration released its plan for reforming the nation’s mortgage finance system and “winding down” Fannie Mae and Freddie Mac, as well as shrinking the federal government’s overall role in housing finance. To view the Administration’s complete report, click here.
On January 31, it was announced that the National Mortgage Licensing System and Registry (NMLSR) would begin accepting registrations for residential mortgage loan originators employed by banks, savings associations, credit unions, or Farm Credit System institutions.
The Federal Motor Carrier Safety Administration (FMSA) has issued a proposed rule revising the hours-of-service requirements for commercial truck drivers, an effort intended to reduce fatigue and increase safety. The rule is in response to a federal court settlement requiring FMSA to review and publish a final rule by July.
The proposed rule:
On Wednesday, February 16th, MHI-PAC will host a fundraising luncheon for Senator Olympia Snowe (ME-R). Representative Snowe is a key Member of the Finance, Commerce, Small Business and Entrepreneurship Committees and a friend of the industry. Senator Snowe has been a supporter of manufactured housing for many years. She was …
MHI-PAC to Host Senator Olympia Snow of Maine This Week Read More
2011 has gotten off to a quick start for MHI and the industry in Washington, DC as we work with a new Republican House of Representatives and a more compromising Democratic Administration. Already we have made substantial headway in dealing with financial reform, energy issues, and HUD regulatory issues. These are all important issues that all industry members must pay attention to and play an important role.
Now in full control of the House of Representatives, Republicans have made reining in regulations and laws initiated by the Democratic Congress and Administration a priority. Many experts and policymakers are anticipating that businesses should expect to see a slower process in implementing new regulations over the next two years. If this holds true, it bodes well for the industry.
MHI’s Monthly Economic Report© for December 2010 is now available. The Manufactured Housing Institute’s actual shipments report indicates that 2,781 new HUDcode homes were shipped in December 2010, down 22.2 percent from December 2009. Decreases were across the board with shipments of both single-section and multi-section homes down compared with …
2,781 New HUD Code Homes Shipped in December 2010 – Down 22.2 Percent from December 2009 Read More
The Manufactured Housing Institute (MHI) reports that on January 26, Reps. Ken Calvert (R-CA) and Joe Donnelly (D-IN) began circulating a “Dear Colleague” letter urging members of the U.S. House of Representatives to support the manufactured housing industry and millions of American families that rely on a manufactured home as …
Congressmen Calvert and Donnelly circulate “Dear Colleague” letter Read More
MHI’s Monthly Economic Report© for November 2010 is now available. The Manufactured Housing Institute’s actual shipments report indicates that 3,463 new HUD Code homes were shipped in November 2010, down 9.7 percent from November 2009. Trends by housing type varied with shipments of multi-section homes down compared with the same …
3,463 New HUD Code Homes Shipped in November 2010 – Down 9.7 Percent from November 2009 Read More
After several delays, the Federal Trade Commission (FTC) will begin enforcement of the Red Flags Rule on December 31, 2010. The FTC issued regulations (the Red Flags Rule) on November 9, 2007 requiring financial institutions and creditors to develop and implement written identity theft prevention programs as part of the Fair and Accurate Credit Transactions (FACT) Act of 2003.
Late last night, Congress finalized and passed a bill to extend the Bush-era tax cuts for two years, jobless benefits for 13 months, and extend other tax incentives to support business expansion. This bill has been sent to President Obama for his signature.
This week, President Obama announced that the Administration and congressional Republicans had arrived at a “bipartisan agreement” to extend Bush-era tax cuts for two years, jobless benefits for 13 months, and other tax incentives to support business expansion. The compromise measure includes an extension of the energy-efficient new home tax credit program (45L) for two years. This provision is vitally important for manufactured and modular home producers and consumers.
On December 9, incoming House Financial Services Chairman Spencer Bachus (R-AL) announced his appointments for subcommittee leadership positions in the 112th Congress. The HFSC plays a critical role in overseeing the manufactured and modular housing industries. Those selected for leadership posts include:
On December 8, the House of Representatives approved a full-year continuing funding resolution (H.R. 3082) that will fund government programs through the remainder of FY2011. The $1.08 trillion bill freezes FY2011 discretionary spending at the FY2010 level. The measure now awaits approval by the Senate.
FEMA’s National Disaster Housing Task Force has just published its Concept of Operations (CONOPS), which describes the Federal coordination of disaster housing assistance preparation in response and recovery. A public teleconference will be held on December 15 from 1:00 p.m. to 2:00 p.m. EST to discuss the paper. Click here to view the Federal Register notice regarding the teleconference.
MHI’s Monthly Economic Report© for October 2010 is now available. The Manufactured Housing Institute’s actual shipments report indicates that 3,841 new HUD Code homes were shipped in October 2010, down 15.7 percent from October 2009. Decreases were across the board with shipments of both single-section and multi-section homes down compared …
3,841 New HUD Code Homes Shipped in October 2010 – Down 15.7 Percent from October 2009 Read More
The mortgage interest for homeowners is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits. The new spotlight on the mortgage deduction and other tax expenditures comes as the National Commission on Fiscal Responsibility and Reform, a bi-partisan panel appointed by President Obama, seek ways to reduce the nation’s ballooning debt. MHI is part of a broad business coalition that opposes changing the current Home Mortgage Interest Deduction.
p>On December 2, the House approved legislation (H.R. 4853) to permanently extend the 2001 and 2003 Bush tax cuts for annual income earners up to $250,000. It is unclear if the bill will be brought up by the Senate, where Republican members are adamantly opposed to any tax extension measure that excludes upper income brackets.
On December 1, the House of Representatives approved a second resolution (CR) to temporarily fund the federal government through December 18. The Senate passed the measure on December 3. The previous CR was set to expire December 3. Congress has yet to complete any work on the 12 annual appropriations measures for FY2011.
