The source of the following memo is known to have served on one or more Duty to Serve (DTS) committee(s) with the Government Sponsored Enterprises (GSE) of Fannie Mae, Freddie Mac, other Manufactured Housing Institute (MHI) staff, and MHI member companies that participated in various discussions about access to lower …
Never underestimate the power of money in Washington, D. C., or in the districts and states that send legislators to Capitol Hill. Legislators or other public officials can be influenced about matters that moneyed interests care about in a variety of ways, as an examination of the power of money …
Among the featured reports below is a surprising look at possible points of agreement between Senator Elizabeth Warren – a 2020 Democratic Presidential hopeful – and President Donald J. Trump (GOP). If so, it’s arguably a big plus for our industry, consumers, and nation. See that on What’s New …
Can Close Reading of Facts Bring Left & Right Together for MHVille, Nation? Read More
“I recently discussed the differences between manufactured and modular homes along with the available mortgage options, but today we are going to be very specific and talk about how it can be possible to qualify for a manufactured home with a no down payment USDA loan,” said Sean Stephens, …
Metroplex Video Touts No Down Payment Loans on Manufactured Housing and Modular Homes Read More
The rebranded Bureau of Consumer Financial Protection – formerly the CFPB, now the BCFP – has produced a January 2019 report that contains new data regarding manufactured housing lending. There are over 200 pages. We’ll simplify that for busy readers. MHProNews will hereby provide the entire document here as a …
Shutdown theater continues in Washington, D.C. So, yesterday afternoon, the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) requested that approved lenders consider the financial hardships caused by the partial federal shutdown. That press release is below, including a letter linked from FHA’s Brian Montgomery. …
FHA Call to Lenders on Workers, Contractors, re: Federal Government Shutdown Read More
In the days before GPS, Apple or Google Maps a good paper road-map had a rectangular box with ‘the legend.’ The legend in this sense of the word explained the meaning of the various circles, lines, symbols and how many miles-to-an-inch. ‘The legend’ unlocked the meaning of the map. In …
Legends, Battle of Bedford Falls, and Christmas in Affordable Housing’s MH Land Read More
“FHA is in good hands, guarding against excessive risks, protecting the American taxpayer, and remaining true to our core mission to facilitate safe and affordable mortgage options for qualified borrowers.” – HUD Secretary Ben Carson, M.D. “As we look to the future, FHA must continue to seek the …
Latest on the FHA, New Federal Report to Congress, Insider Insight Read More
Pay more attention to what people do than to what they’ve said or promised. Then, “Follow the Money.” There have been several reports in recent years that have spotlighted troubling claims of problems with respect to Clayton Homes, and their Berkshire Hathaway lending affiliates, 21st Mortgage Corp and …
Former Clayton Homes Team, Employees Speak Out – Mainstream Media, Trade Media Reports Read More
As a reminder to readers, the Federal Housing Finance Agency (FHFA) said the following last month about a request by Fannie Mae to modify their Duty to Serve (DTS) manufactured housing plan. Here’s the release below, which will be followed by the MHProNews attached comments and related links. …
Earlier this month, the Manufactured Housing Institute produced a handout to their members. One of those was provided to the Daily Business News on MHProNews. It came with a question. “Has former MHI Chairman, Nathan Smith violated federal law? Isn’t that what MHI’s FAQ #6 implies, given SSK’s past …
The Ford-Kavanaugh hearing wasn’t the only place in Washington, D.C. that charges of sexual misconduct were being publicly discussed yesterday. As was noted by the Daily Business News on MHProNews, the Federal Housing Finance Agency (FHFA), featured a pile-on by members of both parties aimed at Mel Watt. But …
FHFA Hearing Before Congress Raises GSEs’ Failure on Manufactured Home Chattel Financing Read More
In today’s tip, we’re using business-to-consumer (B2C) examples below, but the same principles apply businesses-to-businesses (B2B). It is up to each business to define itself in its own market(s). Those in the manufactured home industry that don’t define themselves will likely be defined by their competitors, and/or by …
“HUD Secretary, Dr. Ben Carson, as the saying goes, “gets it.” – wrote Mark Weiss, JD, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) in a new Issues and Perspectives. “First, and most fundamentally, he understands – and has very plainly stated — that to …
MHI SVP Lesli Gooch & MHARR CEO Mark Weiss Bookend New, Prior HUD Controversies Read More
Let’s be honest. Not everyone gets it. So, savvy industry pros must help others ‘get it.’ That’s a transparent reason why we do reports like this one. With a pro-business builder in the Oval Office, it’s wise to flashback to a time before President Gerald R. Ford praised …
Help Others “Get It” – Loans on “Mobile Homes” Promoted by Another U.S. President Read More
We’ll weigh in on this Freddie Mac handout promoting manufactured housing another time, but would value that of the readers of Daily Business News on MHProNews. Here it is, below. We just have this suggestion, as you look at this handout from Freddie Mac, meant to promote manufactured housing. Please …
Freddie Mac’s Manufactured Housing, Myths vs Facts – Your Professional Thoughts? Read More
They Did It Before, They Can Do It Again The headline is a play on words, and can be taken in a good way, or a problematic one. “We did it Before, We Can Do It Again” was a World War II song, aimed to remind Americans …
After years of arguably failed polite talk, perhaps more direct and blunt words are needed. The logic of research economists Chang-Tai Hsieh and Enrico Moretti is that improper land use policies are costing the nation some $2 trillion dollars a year. The reasoning of National Association of Realtors (NAR) …
“Despite news reports that Fannie Mae and Freddie Mac will start pilot programs for chattel manufactured home loans, don’t look for a big move by them any time soon in this arena,” said the CU Insight yesterday. The CU Insight’s about us page says, “…is the place for all things …
Third-party information can be a powerful resource for savvy industry professionals, including those who are on the front-lines with retail buying customers. What you say on your website, or on your own authority may or may not be believed. But research reveals, that third-party information is far more trusted. …
Tell Your Home Buyers, “Higher Rates Ahead,” Per Mainstream Reports Read More
