FHFA Unveils Plan Scaling Back Fannie and Freddie On February 21st, the Federal Housing Finance Agency (FHFA) delivered a proposal to leaders of the Senate Banking and House Financial Services Committees laying out steps to scale back Fannie Mae and Freddie Mac. According to FHFA, the two GSEs have received …
MHI Welcomes New President/CEO Richard A. Jennison On February 16th, an announcement was made that Richard “Dick” Jennison has been appointed as the new President and CEO of MHI. Jennison comes to MHI from Omni Solutions Group where he was partner and Senior Vice President for Marketing and Business Development …
Arlington, VA – February 16, 2012 – The Manufactured Housing Institute welcomes Richard “Dick” Jennison as President and CEO. Jennison comes to MHI from Omni Solutions Group where he was partner and Senior Vice President for Marketing and Business Development overseeing and managing its substantial not-for-profit business practice. Omni Solutions Group …
MHI Welcomes New President/CEO Richard A. Jennison Read More
On February 7, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released final rules extending anti-money laundering (AML) and suspicious activity report (SAR) requirements to non-bank residential mortgage lenders and originators. Non-bank mortgage lenders will now be forced to assist law enforcement agencies with fraud detection just as larger …
Manufactured Home Lenders Subject to New Anti-Money Laundering Rule Read More
Manufactured home shipments for December 2011 were 3,838 new homes, up 38.0 percent from December 2010. Increases were across the board with shipments of both single-section and multi-section homes up compared with the same month last year. Single section homes accounted for the largest portion of the increase, with shipments …
BACKGROUND: On February 2nd, the Insurance, Housing and Community Opportunity Subcommittee of the House Financial Services Committee held a hearing to look at the implementation of the Manufactured Housing Improvement Act of 2000. This hearing provided an important opportunity for industry groups, such as MHI, to provide constructive feedback on …
Action Request: Members of the House Financial Services Committee Need to Hear From You! Read More
Manufactured Housing Finance Legislation Introduced in House On February 1st, during a hearing of the Financial Services Subcommittee on Insurance, Housing and Community Opportunity evaluating the effectiveness of the Department of Housing and Urban Development’s (HUD) implementation of the Manufactured Housing Improvement Act of 2000, Rep. Gary Miller (R-42nd-CA) formally …
Manufactured Housing Finance Relief Legislation Unveiled MHI Praises Efforts to Preserve Financing for the Purchase of Affordable Manufactured Housing (Arlington, VA – February 1, 2012) – During a hearing of the Financial Services Subcommittee on Insurance, Housing and Community Opportunity evaluating the effectiveness to which the Department of Housing and …
Manufactured Housing Finance Relief Legislation Unveiled Read More
MHI Members Urged to Contact District Congressional Offices – Energy Efficiency Home Tax Credit Expired on December 31, 2011 The federal tax credit for manufacturers who build energy efficient homes (Section 45L) expired on December 31, 2011. After extending the Social Security payroll tax cut, unemployment benefits and Medicare …
Homebuilders Show a Bit More Confidence U.S. home builders were more optimistic about the housing market in December due to an increase in interest from prospective buyers. The National Association of Home Builders/Wells Fargo builders sentiment index rose two points to 21, the highest level since May 2010. Still, any …
Congressional Leaders Inch Toward Tax Bill With partisan tensions easing, congressional negotiators are closer to a year-end deal that would address a range of expiring programs, from the Social Security payroll tax cut that has benefitted approximately 160 million workers, to long-term unemployment benefits, and Medicare payments to physicians. Senators …
MHI Members Urged to Contact Members of Congress on Tax Extenders Legislation Once again a number of important temporary tax incentives, frequently called “tax extenders” are scheduled to expire on December 31st, clearing the way for a tax increase on millions of U.S. taxpayers, businesses, and organizations that benefit from …
Congress Slashes HUD Budget for Manufactured Housing Programs The Congress, today, finalized Fiscal Year 2012 budget for the Department of Housing and Urban Development (HUD) and several other federal agencies. Reflecting new budget realities, and concerns expressed by MHI, the House and Senate conferees earlier this week agreed to reduce …
MHI joins Business Coalition in Support of the Extension of Expiring Tax Credits Once again, a number of important temporary tax incentives, frequently called “tax extenders” are scheduled to expire on December 31st, clearing the way for a tax increase on millions of U.S. taxpayers, businesses, and organizations that benefit …
(Arlington, VA – October 27, 2011) – Last week, the National Fire Protection Association (NFPA) testified before a federal advisory committee that occupants of manufactured homes are no more likely to die from a fire in their home than occupants of other single family homes. During the Manufactured Housing Consensus …
NFPA Report Affirms Manufactured Homes Do Not Pose Significant Fire Risk Read More
MHI Fire Sprinkler Proposal Adopted by Manufactured Housing Consensus Committee The Manufactured Housing Consensus Committee (MHCC), at its fall meeting this week in Alexandria, Virginia, voted 15 – 5 to recommended that HUD adopt MHI’s Fire Sprinkler Proposal. The proposed standard explicitly preempts fire sprinklers from the HUD Code and …
Consumer Watchdog Nominee Advances; Cordray Faces GOP Blockade on Senate Floor The Senate Banking Committee has approved ex-Ohio Attorney General Richard Cordray to spearhead the Consumer Financial Protection Bureau. However, Senate Republicans have vowed to block any candidate unless the new watchdog agency is reorganized. GOP legislators are not only …
(Arlington, VA – October 11, 2011) – During MHI’s Annual Meeting, the following members were reelected to serve as MHI Officers in 2012: Chairman, Joe Stegmayer, Cavco Industries, Inc.; Vice Chairman, Don Glisson, Jr., Triad Financial Services, Inc.; Secretary, Kevin Clayton, Clayton Homes; and Treasurer, Nathan Smith, SSK Communities. Ken …
MHI Sets Industry Priorities for 2012 During MHI’s 75th Annual Meeting on October 2-4 in Phoenix, MHI members and the Board of Directors outlined priorities for the industry and the association in preparation for 2012. 2011 has been a pivotal year for MHI and the industry as we have embarked …
Congress Clears Continuing Funding Resolution On September 29, the House of Representatives approved a short-term funding bill (H.R. 2017) that will allow government programs to continue operating through October 4. The Senate approved the measure three days earlier on September 26. The stopgap measure, which the President is expected to …
