With President Obama’s questioned recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau (CFPB), the agency can now implement the full authority of the Dodd-Frank Act, according to BusinessWeek. Dodd-Frank resulted from lawmakers complaining that regulators did not do enough to protect borrowers, and was passed …
With New Director, CFPB May Emerge Swinging—or Not Read More
MhproNews.com has learned from the HuffingtonPost that Federal Reserve Chairman Ben Bernanke says foreclosure is not a good way to deal with delinquent mortgage holders because it leads to deteriorating houses and depression of area home prices. In a report sent to the housing affairs and banking services committees of …
NationalMortgageNews tells MHProNews.com a survey by mortgage lender Lending Tree reveals Americans who can afford to buy homes are putting 12 percent down on average, even more where the property is more expensive. While some regulatory proposals push for down payments of 20 percent in order to be exempt from …
Following a story we reported here Dec. 13 regarding Alabama’s new immigration law, in light of a Federal judge’s injunction against enforcing certain provisions of the law, the Alabama Department of Revenue has altered its interpretation of HB 56, according to TheWetumpkaHerald. Section 30 prohibits illegal immigrants from conducting any …
NationalMortgageNews reports the battle over President Obama’s nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) has stymied three uncontroversial confirmations in related areas. Senate Minority Leader Mitch McConnell (R-Kent.) has put a hold on Martin Gruenberg’s nomination to head the Federal Deposit Insurance Corp. (FDIC), Thomas …
Partisan Battle Continues to Dog Richard Cordray as Head of CFPB Read More
Following up on a story from Dec. 6, 2011, Daily-Times reports from Farmington, New Mexico, the San Juan County Commissioners passed an ordinance requiring new MHC and RV developments to have their waste systems approved by the New Mexico Environment Department (NMED). Dennis McQuillan, Liquid Waste Manager with NMED, says …
Mlive reports a blueberry farmer wants a special permit to house 17 migrant laborers in an 1,820 square foot modular home in Port Sheldon Township in Ottawa County, Michigan. Opponents say it will hurt property values and increase the risk of crime. Someone anonymously distributed fliers in the area that …
Following up on a story we published Nov. 28, 2011, MontgomeryAdvertiser reports Federal Judge Myron Thompson issued an injunction Monday against part of the Alabama immigration law that prevents undocumented aliens from entering into any type of business transaction with the state. He called the law “discriminatorily based.” The injunction …
Judge Calls Alabama Immigration Law Discriminatory Read More
TampaBay reports a $33 million program over the past 12 years to retrofit thousands of pre-HUD Code homes with anchors to make them more storm resistant has come under fire for not living up to its expectations. Longtime manufactured housing supply businessman and lobbyist for the MH industry, Ken Cashin, …
NationalMortgageNews reports a Senate Banking Committee hearing to discuss the work regulators are doing at six different agencies to implement Dodd-Frank became embroiled in an exchange about a seventh agency not in the room. Legislators sparred over the impending vote of Richard Cordray to head the Consumer Financial Protection Bureau …
Senate Committee Sidetracked by CFPB Head Nomination Read More
The U.S. Department of Housing and Urban Development (HUD) announces $40 million in grants for housing counseling will be awarded competitively to HUD-approved counseling agencies and State Housing Finance Agencies across the country. Topics include avoiding foreclosure and mortgage scams, improving credit score, purchasing or renting a home, and qualifying …
In a follow-up to a story we published Nov. 30, MontgomeryAdvertiser reports from Alabama some state probate officials continue to impede registration of manufactured homes belonging to undocumented aliens despite a federal court issuing a temporary restraining order through Dec.7 blocking that part of the Alabama law. Section 30 of …
MHProNews has received a communique from the Manufactured Housing Association for Regulatory Reform (MHARR) noting a copy of a letter on the stationery of Rep. Spencer Bacchus (R-Ala.), Chairman of the House of Representatives Financial Services Committee, and Rep. Barney Frank (D-Mass.), Ranking Member of the Committee. The letter is …
Congressional Committee asks for GAO Probe of HUD MH Program Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) participated in the House of Representatives Financial Services Committee’s field hearing on “The State of Manufactured Housing” held in Danville, VA Nov. 29, 2011, submitting written testimony on the need for congressional oversight of the Housing and Urban Development (HUD)’s manufactured housing …
MHARR Pans Field Hearing: HUD is the Bigger Hurdle Read More
At the “State of the Manufactured Housing Industry” Congressional Field Hearings in Danville, Virginia, Nov. 29, members of the House Congressional Subcommittee on Housing, Insurance, and Community Opportunity heard from a variety of persons in the MH arena. Henry Czauski, Acting Deputy Administrator for the Office of Manufactured Housing programs, …
MH Field Hearing Yields HUD, MHI, Industry, and Resident Viewpoints Read More
In a follow-up to a story from Nov. 25, 2011, TheWetumpkaHerald in Elnore, Alabama, reports a federal lawsuit challenging Alabama’s illegal immigration enforcement act has been filed, naming Elnore County’s Probate Judge Jimmy Stubbs and Revenue Commissioner Julie Magee as defendants. Two illegal immigrants, named John Doe 1 and John …
Alabama Illegal Immigrant Law Leads to Class Action Suit Read More
In a follow-up to our story Nov. 22, USAToday reports from Alabama a federal court struck down parts of Alabama’s HB 56 that forbids illegal immigrants from conducting any business transactions with the state, which would include manufactured housing permits. U.S. Judge Myron Thompson ruled illegal immigrants cannot be denied …
The Manufactured Housing Association for Regulatory Reform (MHARR) and the Manufactured Housing Institute, acting jointly as the Coalition to Advance Manufactured Housing (Coalition), held a 30-minute follow-up conference call Nov. 22, 2011 with Federal Housing Authority (FHA) Commissioner Carole Galante, and Housing and Urban Development’s program manager, Henry Czauski, to …
NLRTimes reports the North Little Rock (AR) City Council could not reach agreement on whether to change the zoning laws that would ban manufactured housing from an area called Crystal Hill. Crystal Hill residents have expressed opposition to becoming subject to zoning laws of North Little Rock, while Mayor Patrick …
Bill to Allow MH in Neighborhood Returned to Planning Commission Read More
HousingWire reports a bill reinstalling higher conforming loan limits for the Federal Housing Administration (FHA) was singed into law Friday morning, Nov. 18, by President Obama. Both the House and Senate had passed the bill by over a two-thirds majority on Thursday. The FHA can now insure loans up to …
