Reviewing the qualified mortgage (QM) rule handed down by the Consumer Financial Protection Bureau (CFPB), the Dept. of Housing and Urban Development (HUD), in trying to broaden access to Federal Housing Administration (FHA)-insured loans, may modify the safe harbor provision, as nationalmortgagenews informs MHProNews. Any interest rate that exceeds the …
The Massachusetts Manufactured Housing Association (MMHA) is asking members to oppose Senate Bill 610 and House Bill 1116 (the same bill) because the proposed changes to the manufactured housing regulations include adding annual site fees of $10 per for a statewide dispute resolution program. Another bill would tie MHC licenses …
The estevanmercury tells MHProNews the city council in Estevan, Saskatchewan, Canada is considering two proposals to help ease the housing shortage in the city. One is a modular subdivision with room for 474 homes proposed by developer Kurtis Dmuchowski of Regina-based West D Construction. He has offered to buy the …
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews Jeb Hensarling, (R-TX) Chairman of the House Financial Services Committee, says he cannot accept testimony from the Consumer Financial Protection Bureau’s (CFPB) director Richard Cordray on the semi-annual report since he is not a valid director. A federal appeals court …
According to tampabay, the Hernando County Commissioners meeting in Brooksville, Fla. are considering reinstating an ordinance similar to one originally passed in 2000 that required homes in single-family residential neighborhoods to look the same. The ordinance was eliminated in 2010 because it was an unnecessary regulation that necessitated too much …
According to nationalmortgagenews, bankers were relieved when the Consumer Financial Protection Bureau (CFPB) released its qualified mortgage rule (QM) in January, which gives the lender protection if a borrower defaults. But now some bank executives are hesitant to make loans outside the QM rule, and worry they could be rapped …
The newsherald informs MHProNews from Panama City, Fla., a battle going on since June 2012 is pitting city commissioners against the owner of Mill-Village MHC, Katy Adair, for having two Federal Emergency Management Agency (FEMA) park model trailers in the community in violation of a city ordinance. Code enforcement says …
Battle Awakes over Placement of FEMA Park Model Trailers Read More
A bill introduced in the North Carolina legislature would bar counties from enforcing laws that exclude manufactured housing from residential areas with other single-family homes, according to citizentimes of Asheville. State Rep. Nathan Ramsey, Republican from Buncombe County, informs MHProNews, “Everyone knows affordable housing is a problem in Western North …
According to vcstar, legislation introduced by state Sen. Hannah Beth-Jackson of California would require that a majority of residents of an MHC favor the conversion of their community into resident-owned homesites, or the plan can be denied. The Ventura City Council voted 7-0 in favor of the resolution, as MHProNews …
The carrollnews informs MHProNews the Hillsville (Ohio) Town Council has changed several town codes, including the following that applies to non-conforming manufactured homes (using non-conforming spelling): “Removal and replacement of a manufactured home which constitutes a nonconforming used on an individual lot or within a manufactured home park ore removal …
Regulation will Require Replacing Older MH with HUD Code Homes Read More
The Advocate informs MHProNews from Clinton, LA north of Baton Rouge, the Police Jury has a new ordinance that governs the siting of manufactured homes in unincorporated areas of the parish. The version chosen was the one supported by the parish’s Planning and Zoning Commission over one proposed by jury …
According to the Conference of State Bank Supervisors, nationalmortgagenews says as of April 1, 2013, 20 states have signed on to a uniform state test for loan originators, allowing them to operate in those states without being re-tested. Another six states will be on board by October. As MHProNews has …
DelMarVa report from north of Millsboro Del. owner Helen Cropper has been unable to repair the drinking water problem at Forest Park MHC, and will now have to raise rents to pay for the fix. In he past ten years the water has had an unacceptable level of nitrates 95 …
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) informs MHProNews the Iowa House of Representatives has passed HF495, affecting 562A, applies to landlords who own the home and land. On properties that rent for under $700/mth, the late fee charge could be no greater than $12 a day, with …
The santamariatimes tells us the Northern Santa Barbara County Manufactured Homeowners Team (NSBCMHT), which promotes the welfare of MHC residents, is linked to the legislative action arm of the Golden State Manufactured-Home Owners League (GSMOL). This year’s legislative agenda includes AB1205, a measure that would provide mediation services to resolve …
According to bizjournals, the North Carolina House of Representatives passed an ordinance which prevents local government from enacting zoning ordinances that dictates the appearance, layout, design, number of rooms, materials, type of windows or doors for single-family and duplex dwellings. It may regulate the height and bulk of a building …
Although Baldwin County’s planning director recommended to the planning and zoning commission and to the county commission that 1.4 acres be re-zoned from single-family to manufactured housing in far south Alabama to permit siting of seven manufactured homes, the county commissioners denied the request. AL.com tells MHProNews a small contingent …
Proposal for Rezoning to Accommodate Manufactured Homes Denied Read More
HousingWire informs MHProNews a letter from prominent state attorneys general is calling on President Obama to replace Edward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA), because they say his policy of refusing to allow principal reductions on loans backed by the GSEs that could result in …
The Manufactured Housing Institute (MHI) informs MHProNews at their Board Meeting Feb. 25, president and CEO Richard Jennison presented the three issues which MHI is newly collaborating on with the Manufactured Housing Association for Regulatory Reform (MHARR): 1) have a non-career head of the MH program at HUD; 2) have …
NationalMortgageNews reports with the mortgage industry complaining that the qualified mortgage (QM) rule issued by the Consumer Financial Protection Bureau (CFPB) will hinder hundreds of thousands of potential borrowers from obtaining a QM loan, HR Bill 1077 clears up the three percent cap on points and fees in the QM …
