In its work with Republican members of the House Financial Services Committee, MHI has also been working diligently with Democrats of the committee to develop bipartisan support to fix areas within the Dodd-Frank Act that unfairly impact owners of manufactured homes. We know there is significant interest within the House …
MHI Dodd-Frank Efforts Generate Bipartisan Interest Read More
This week the Department of Housing and Urban Development (HUD) officially released final rules implementing the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act). MHI believes the final rule positively addresses many concerns raised by MHI in its comments to the proposed rule, including: taking an application; offering …
Next week, MHI President Thayer Long will brief members and staff of the Congressional Manufactured Housing Caucus on the current state of the manufactured housing industry. The Caucus, which is chaired by Reps. Ken Calvert (R-CA) and Joe Donnelly (D-IN), is comprised of 52 members of the House of Representatives …
MHI to Brief Congressional Manufactured Housing Caucus Read More
The U.S. Consumer Product Safety Commission (CPSC) has announced an important campaign, “Pool Safely: Simple Steps Save Lives,” to highlight pool safety and encourage aquatic facilities to make drowning prevention a priority. According to the CPSC, since Memorial Day, there have been 48 drownings and 75 near-drowning incidents in 35 …
This week the Department of Housing and Urban Development (HUD) announced a conference call meeting of the Manufactured Housing Consensus Committee (MHCC) for Wednesday, July 20, 2011 from 11:00 AM–1:00 PM EDT. The committee will meet to conduct routine business, receive subcommittee status reports and subcommittee recommendations and proposals before …
Consensus Committee to Meet Via Teleconference on July 20 Read More
As a follow up to an earlier email, I wanted to forward the complete final SAFE Act rule. The rule will not officially be released in the Federal Register until tomorrow. Deborah Robertson of McGlinchey-Stafford is in the process of compiling a detailed analysis and interpretation of the final rule …
MHI continues its advocacy efforts on Capitol Hill to reform targeted portions of the Dodd-Frank Act and provide relief from potential burdensome regulations for millions of low- to moderate-income manufactured homeowners. While the CFPB designated transfer date is less than a month away (July 21, 2011), final regulations could potentially …
MHI Continues Efforts on Manufactured Home Dodd-Frank Issues Read More
On June 23, the House Appropriations Committee approved a $19.9 billion FY2012 Financial Services Appropriations bill (currently unnumbered) that puts significant restrictions on the Consumer Financial Protection Bureau (CFPB). The bill provides $2 billion less that last year’s measure and $6 billion less than the administration’s budget request. The measure …
During a June 22nd press conference, a coalition of lawmakers and nearly 40 industry groups gathered to criticize a proposed mortgage reform rule. In a rare bipartisan display of unity, nearly 340 members of the House and Senate have pressured regulators to revise a proposed mortgage finance rule within the …
Members of Congress Press for Reform of Dodd-Frank Risk Retention Rules Read More
Responding to the need to provide housing for over 600 families in Joplin, Missouri, the Federal Emergency Management Agency (FEMA) will utilize its existing inventory of Temporary Housing Units to build a large, temporary manufactured home community on a 50 acre parcel of city owned land. A number of existing …
With proposals from both President Obama and Republican leaders to increase the tax base, it seems likely that some popular income tax deductions may be reduced or eliminated. One leading candidate for the chopping block is the deduction for mortgage interest. Despite its popularity among homeowners, real estate agents, and …
Recent industry news reports continue to misrepresent MHI’s position on fire sprinklers. MHI has never waivered from its opposition to mandatory fire sprinklers. MHI’s position has been reported in this publication, discussed at numerous MHI meetings, and in public testimony before the Manufactured Housing Consensus Committee (MHCC). MHI has supported …
On June 16, the House Financial Services and General Government Appropriations Subcommittee approved a nearly $20 billion FY 2012 spending bill (currently unnumbered). The measure is roughly $2 billion (nine percent) under current spending. The measure now awaits consideration by the full House Appropriations Committee. The Senate has not yet …
Last month, the ten Republican members of the Senate Banking Committee sent a letter to the Inspectors General (IGs) of the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the Office of the Comptroller of the Currency (OCC) and the Securities and …
On June 9, The Occupational Safety and Health Administration (OSHA) announced a three month phase-in period for new tougher fall-protection rules designed to protect the health and safety of roofers and other residential construction workers. The new rules are effective June 16, 2011. However, unless individual states decided otherwise, contractors …
OSHA Announces a Three Month Phase-In Period for New Fall Protection Rules Read More
During a June 2 hearing of the House Budget Committee, a representative from the Congressional Budget Office (CBO) testified that mortgage guarantees made by Fannie Mae and Freddie Mac could cost the federal government an additional $42 billion over the coming decade. In her testimony, the CBO Assistant Director for …
MHI Disaster Housing Task Force Universal Design Temporary Housing Unit What does the term “Universal Design Temporary Housing Unit” mean? Please expand beyond how it is defined in the Industry Day Agenda. Session I–Codes and Amenities What are the benefits/challenges of building to a HUD code–Small Footprint Universal THU The …
Consensus Recommendations for FEMA Industry Day, June 7, 2011 Read More
MHI’s Monthly Economic Report© for April 2011 is now available. The Manufactured Housing Institute’s shipments report indicates that 3,954 new HUD-code homes were shipped in April 2011, down 17.9 percent from April 2010. Decreases were across the board with both single-section and multi-section home shipments down compared with the same …
3,954 New HUD Code Homes Shipped in April 2011 – Down 17.9 Percent from April 2010 Read More
MHI continues its outreach to Members of Congress to press for the need to revise portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) that restrict the ability of manufactured homebuyers to access financing. In the coming weeks, MHI hopes to release additional details of formal …
This week, both the House Financial Services Committee and Senate Banking Committee held hearings examining the future structure of U.S. housing finance system and elimination of the government-sponsored enterprises. In the House, there was a hearing examining the latest efforts to end GSE conservatorship. Acting Federal Housing Finance Agency (FHFA) …
