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This comment letter urges the Federal Housing Finance Agency (FHFA) not to repeal the specific requirements that it imposed on the Government Sponsored Enterprises to better serve the manufactured housing market. These requirements include certain minimum lease protections for homeowners in manufactured home communities. The comment letter also addresses many other aspects of the FHFA’s…
This letter from the Underserved Mortgage Markets Coalition to Fannie Mae raises concerns regarding several changes to the Duty to Serve plan, including rollbacks on strong rules for Manufactured Home Communities lending, and also recognizes several improvements to the plan.
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The letter supports inclusion of the PRICE Act in the Congressional housing legislative package. The PRICE Act would establish a permanent program to provide federal funding for key manufactured home community infrastructure.
Read More about National Coalition Letter Supporting the PRICE Act
This letter urges the House leadership to include the PRICE Act in the larger homeownership bill package under consideration. The PRICE Act formally authorizes PRICE, a manufactured housing community revitalization program, at the U.S. Department of Housing and Urban Development (HUD), which would involve competitive grants to state and local government and manufactured home communities…
Read More about Letter to U.S. House In Support of PRICE Act
The National Consumer Law Center urges the Bureau to modify the mortgage servicing rules in Regulation X, 12 C.F.R. Part 1024, to provide consistent, fair, and transparent protections to borrowers across the mortgage market. NCLC requests that the Bureau remove the HELOC exemption from Regulation X sub-part C; remove the reverse mortgage exemption from Regulation…
The Corporation for Enterprise Development (CFED) and National Consumer Law Center, on behalf of its low-income clients submit comments to the Federal Housing Finance Agency (FHFA) on a Potential Manufactured Home Chattel Loans Pilot program to help facilitate Fannie Mae’s and Freddie Mac’s duty to serve the manufactured housing single-family finance market, identified by Congress…
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These comments will focus on the Plans’ activities and objectives, which aim to improve the manufactured housing marketplace. However, the three markets addressed in the Plans overlap considerably, and manufactured housing cannot be addressed in a vacuum. We strongly encourage the Enterprises and the FHFA to encourage innovations that can impact multiple markets. For example,…
The manufactured housing finance market has traditionally been, and remains, underserved. The lack of affordable and safe financing options has not only made it more difficult and expensive for those purchasing a manufactured home, but also reduced the value of existing homes. This is of particular concern as manufactured housing is the largest source of…
Read More about Comments to the FHFA on the Duty to Serve Underserved Markets for Enterprises
The National Consumer Law Center (NCLC) and Manufactured Home Owners Association of America (MHOAA) submit these comments in response to the Federal Housing Finance Agency’s (FHFA) proposed rule regarding the Government Sponsored Enterprises’ (“Enterprises”) duty to serve the manufactured housing market. We commend the FHFA for recognizing the importance of the manufactured housing market. The…
Comments to the Federal Housing Finance Agency re: Request for Public Input on Potential Manufactured Home Chattel Loans Pilots.
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Group Comments on implementation of Fannie Mae’s and Freddie Mac’s duty to serve the manufactured housing market, July 10, 2017
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Comments of the National Consumer Law Center (on behalf of its low-income clients) and Manufactured Home Owners Association of America Regarding Notice of Proposed Rulemaking: Enterprise Duty to Serve Underserved Markets Federal Housing Finance Agency; 12 C.F.R. Part 1282 RIN 2590-AA27. July 22, 2010
Read More about Comments Regarding Government Sponsored Enterprises to Serve Underserved Markets