4,382 New HUD-Code Homes Shipped in September 2012 – Down 13.0 Percent from September 2011 MHI’s Monthly Economic Report© for September 2012 is now available. In September 2012, 4,382 new manufactured homes were shipped, down 13.0 percent from September 2011. The trend varied by housing type with shipments of …
MHI Dodd-Frank CFPB Activities Update MHI Prepares for Lame Duck Session of Congress Regardless of the outcomes of the November 6th Presidential and Congressional elections, the House and Senate are guaranteed to return post-election to continue work on a number of tax, appropriations and spending issues. It is unclear what …
5,567 New HUD-Code Homes Shipped in August 2012 – Up 7.8 Percent from August 2011 MHI’s Monthly Economic Report© for August 2012 is now available. In August 2012, 5,567 new manufactured homes were shipped, up 7.8 percent from August 2011. The trend varied by housing type with shipments of single section …
Arlington, VA, October 1, 2012 – Richard Jennison, President and CEO of the Manufactured Housing Institute (MHI), today announced that Kelli B. Nelson has been named MHI’s new Director of Government Relations. Nelson will assume her new duties October 4 and will be attending the MHI Annual Meeting, being held …
MHI Announces Appointment of Kelli B. Nelson as New Director of Government Relations Read More
CFPB and Dodd-Frank Updates CFPB Releases Five-Year Work Plan On September 27th, the CFPB released for comment its 2008-2013 work plan. The plan outlines four strategic goals and eleven desired outcomes, as well as how the CFPB will measure its performance for each desired outcome. The desired outcomes include creating, …
CFPB Opposes 20 Percent Down Payment, Won’t Abuse Powers: Cordray The Consumer Financial Protection Bureau (CFPB) will not mandate a 20 percent down payment in new underwriting rules for low-risk loans, agency head Richard Cordray testified before the Senate Banking Committee on Sept. 13. The declaration was in response …
Housing Finance, Dodd-Frank and CFPB Updates Industry Assistance Still Needed on Manufactured Housing Legislation On September 10th, Congress returned for a brief work session before it recesses for what is expected to be a lengthy lame duck session after the elections in November. Both the House and Senate are scheduled …
In July 2012, 4,217 new manufactured homes were shipped, up 14.6 percent from July 2011. Increases were across the board with shipments of both single-section and multi-section homes up compared with the same month last year. Compared with the prior year, 2012 has recorded shipment increases in every month. …
Hodge Named MHI Vice President – National Communities Council MHI President and CEO Richard Jennison announced yesterday that Jenny Hodge has been named MHI’s Vice President – National Communities Council. Hodge, formerly Vice President of Marketing for the American Integrity Insurance Group of Tampa, Fla., will be responsible for creating, …
US Treasury Hastens Demise of GSEs The Treasury has revamped its bailout terms for Fannie Mae and Freddie Mac, accelerating the pace at which taxpayers will see their money returned. The firms will have to shrink their investment portfolios faster, and the Treasury will claim all profits that they earn …
5,087 New HUD Code Homes Shipped in June 2012 – Up 1.3 Percent from June 2011 MHI’s Monthly Economic Report© for June 2012 is now available. In June 2012, 5,087 new manufactured homes were shipped, up 1.3 percent from June 2011. Increases were across the board with shipments of both single-section …
Action Alert – Encourage Your U.S. Senators and Members of Congress to Support the Preserving Access to Manufactured Housing Act (S. 3484 and H.R. 3849) MHI Members, Your assistance is needed to encourage your U.S. Senators and Members of Congress to support the Preserving Access to Manufactured Housing Act (S. …
Key Senate Banking Leader Unveils Manufactured Housing Relief Legislation On August 2nd, Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing, and Urban Affairs’ Subcommittee on Financial Institutions and Consumer Protection, formally introduced legislation (S. 3484) to reduce regulatory burdens impeding access to affordable manufactured housing financing. The bill …
MHI Praises Measure to Preserve Access to Affordable Manufactured Housing Washington, D.C., August 3, 2012 —Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing, and Urban Affairs’ Subcommittee on Financial Institutions and Consumer Protection, yesterday formally introduced legislation (S. 3484) to reduce regulatory burdens impeding access to affordable manufactured housing …
Key Senate Banking Leader Unveils Manufactured Housing Relief Legislation Read More
House Passes FY 2013 Appropriations for HUD — Manufactured Housing Program Reductions Enacted On June 29th, the House passed the FY 2013 Transportation-HUD Appropriations bill, H.R. 5972, which includes funding of up to $4 million for the Manufactured Housing Program. These funding levels remain substantially unchanged from the House Appropriations …
Top National News Mortgage Rates May Not Have Hit Bottom Record-low interest on 30-year mortgages could drop even lower due to a sluggish economy and European recession, predicts Freddie Mac chief economist Frank Nothaft. The rate hit its lowest mark ever last week at 3.56 percent, but Nothaft says it …
5,197 New HUD Code Homes Shipped in May 2012 – Up 16.1 Percent from May 2011 MHI’s Monthly Economic Report© for May 2012 is now available. In May 2012, 5,197 new manufactured homes were shipped, up 16.1 percent from May 2011. Increases were across the board with shipments of both single-section …
MHI to Testify on Impact of Dodd-Frank on Manufactured Housing MHI will testify July 11th at a hearing before the House Financial Services Subcommittee on Financial Institutions and Capital Markets on the impact of the Dodd-Frank Act’s home mortgage reforms. MHI, the only manufactured housing industry association to testify, will …
The month of May 2012 saw 5,211 new manufactured homes shipped, up 16.7 percent from May 2011 numbers. Increases were across the board with shipments of both single-section and multi-section homes up compared with the same month last year. Compared to 2011, 2012 has recorded shipment increases every month so …
Manufactured Home Shipments Rise for Fifth Consecutive Month in 2012 Read More
Congressional Committees Propose Cuts to the Fiscal Year 2013 Budget for the HUD Manufactured Housing Program On June 20th, the U.S. House Appropriations Committee passed the Fiscal Year 2013 budget for the Department of Housing and Urban Development (HUD) and as expected, voted to cut the budget for the Manufactured …
