Manufactured Housing News

7/28/2015

HB 2627 “High Risk Home Loan – Personal Property” has been signed into law by Governor Bruce Rauner. This bill brings chattel lending for manufactured homes in Illinois in line with all surrounding states and adopts federal interest caps. The bill becomes...

7/17/2015

 

More than 20 IMHA Members turned out for the Inaugural IMHA Trap Shoot and Regional Membership Meeting. This was an exciting event that was a great and informal opportunity to meet and network with members and directors from across the state. A regional membership meeting which included a regular Board of Directors business meeting was held at The Brandiwine Event Center following the...

5/26/2015

IMHA Members & Guests convened the 2015 Conference and Membership Meeting May 21 & 22 at the Pair-A-Dice Hotel in East Peoria, IL. Industry specific seminars, vendors, suppliers and guest speakers provided a wealth of information on hot topics, finance, legislative issues and valuable lessons learned to those in attendance. A little fun was also had by many on hand for the event.

...
3/19/2015

The IMHA Nominating Committee has presented its Slate of Candidates to serve At-Large on the Board of Directors for the Association and the Bylaw Committee has presented its recommendations for revisions to the Association's bylaws. Both issues will be on the agenda for the 2015 Annual Meeting, May 22nd @ 1:00 PM at the Pair-A-Dice Hotel in East Peoria, IL.

Log in and visit the Members...

3/10/2015

Companion legislation to H.R. 650 was introduced in the U.S. Senate to address recent federal regulations implementing the Dodd-Frank Act that do not reflect the unique nature of the manufactured home financing and sales process.  The underlying consumer protections of the Dodd-Frank Act will remain in place under this legislation.  

"Working families across the country, particularly in...

2/23/2015

RANDY WITTER, IMHA’s long-term lobbyist, was named by the national publication Association Trends as one of five "leading association lobbyists” at a Feb. 6 luncheon in Washington DC.

 

"Good lobbying, like good communication, means involving individuals, organizations and coalitions in the lawmaking process," Witter said in accepting the award. "Accurate information flow must be...

1/29/2015

The weather cooperated and a great home show was held once again in Louisville, KY last week. Many Illinois members were on hand who stopped by our booth to visit and discuss issues they may be having or ideas to help the industry and walked off sporting orange & blue “Illinois” banners on their nametags. We heard from many vendors and exhibitors that it appeared Illinois was well...

1/7/2015

By Jim Woodard, Kankakee Daily Journal

Most housing analysts are predicting substantial growth in housing activity in 2015 -- much more than has been experienced during the past year.

For example, the Wells Fargo Economics Group's "2015 Economic Outlook," subtitled "A whole new ball game," predicts that the housing market will continue its recovery and gain momentum in 2015 after...

12/5/2014

By MHI

 

HUD's Manufactured Housing Consensus Committee (MHCC) met this week in Arlington, Virginia and completed work on a full agenda of pending items. The MHCC considered a number of recommendations, many of which were proposed by MHI and its member representatives on the panel. The committee, in mostly unanimous votes, adopted the following: 

  •  A...
11/13/2014

In a letter to its business partners dated November 12, 2014 US Bank has stated its intentions to “exit the Indirect Manufactured Housing business” as “The limited market size and current regulatory environment of the indirect market make it unrealistic for US Bank to reach its growth objectives”.

US Bank will no longer accept credit applications through indirect programs or retailers...