The Federal Housing Finance Agency (FHFA) is requesting public input on considerations that Fannie Mae and Freddie Mac (the Enterprises) should include in their determinations of whether to include manufactured homes chattel loans pilots in their Duty to Serve Underserved Markets Plans, and if so, how such pilots could be designed, taking into account policy and safety and soundness...
Manufactured Housing News In Illinois
The Federal Housing Finance Agency (FHFA) has finalized its 'Duty to Serve' rule which should provide certain credit to Fannie Mae and Freddie Mac for the purchase of chattel manufactured housing loans. The GSEs have not purchased chattel loans for almost a decade.
The Housing and Economic Recovery Act identified manufactured housing as one of three underserved markets which the GSEs...
A Federal Judge in Texas has issued a nation-wide temporary injunction on implementation of the Obama Administration's new overtime rule, which was set to go into effect on December 1.
The injunction is only temporary. However, the decision by the Obama-appointed Judge signaled a strong likelihood that the court would eventually side with the coalition of business groups and state...
From MHI News & Updates
Last Tuesday, voters elected Donald J. Trump (R) as the 45th President of the United States. Voters turned out to vote against the establishment in favor of ending the status quo.
Read more - click here
HUD’s Office of Manufactured Housing Programs has just released a new brochure for Manufactured Home Retailers containing many FAQ’s.
To review a pdf copy of the brochure - click here.
The IMHA Legislative Committee has created a list of candidates for IMHA Members to consider endorsing for the upcoming election. These endorsements are recommended because the candidates have either been very helpful to IMHA in our legislative efforts, are consistently pro manufactured housing when they vote and tend to be pro-business in general. The list was compiled from voting records and...
Changes in the Act that may affect your business:
· Provides that the term "employer" includes any entity which employs at least one (1) employee.
· Provides that leave may be used by an employee who has a family or household member who is the victim of domestic or sexual violence.
· Provides that leave may be used for the time a victim is experiencing an...
Community-Based Dealer Licenses to be available by year’s end
In an effort to address substantive changes in the way a majority of manufactured homes are currently marketed and sold IMHA, in cooperation with the Illinois Secretary of State, sought to create a separate category of dealer licensing for Community-Based home dealers to take into account the many unique requirements of...
Adding an additional layer of bureaucracy and more paperwork -yep. Changing the way you’ve been installing your homes – maybe. Enforcement of the installation regulations that have been on the books since 2000 – for sure.
Manufactured Homes have always needed to be installed in accordance with the manufacturer’s installation instructions, using the manufacturer’s engineering data and...
The following have been approved to serve as At-Large Directors for the next year:
- Aaron Pizer – Zeman Homes
- Frank Rolfe – RV Horizons
- George Allen – Sherwood Forest
- Nancy Hesselmann – Riley Homes
- Karl Breehne – 2 Creeks Community and Home Sales
- Kevin Shaughnessy – Four Leaf Properties...