The manufactured housing industry is already planning to introduce legislation in the House and Senate to loosen the definition of points and fees under the Qualified Mortgage Rule, an industry source tells MHProNews.

The move could bode well for manufactured housing industry lenders, retailers, communities and their consumers.

The report by GreenbergTraurig (GT), styled Republican Takeover of the U.S. Senate could bring first changes to Dodd-Frank, provides their firm’s 3 ½ page analysis of the post election outcomes, including what the opportunities and hurdles are for changes to Dodd-Frank as a result of the increased Republican presence in the House, and that party’s takeover of the U.S. Senate.

The GT report linked above asserts that the first changes to Dodd-Frank could flow from the election outcomes. Some of those changes would bode well for manufactured housing lenders, and thus the industry and its consumers. ##

Related Masthead commentary, linked here.

(Graphic credit: GT)