The Manufactured Housing Industry has fought hard on regulations that were a result

Transcription

1 A Publication of the Manufactured Housing Industry of Arizona Volume 14, Issue 06 H.R Passes U.S. House of Representatives The Manufactured Housing Industry has fought hard on regulations that were a result of the Dodd-Frank Act during President Obama s first term. The almost 6 year battle has started to sway our way at last. On December 1st, the House of Representatives voted in favor of HR 1699 (Preserving Access to Manufactured Housing Act). Seven of our nine members of Congress (Sinema, Biggs, Franks, Schweikert, McSally, O Halleran, and Gosar) voted in favor of the bill, which passed with a vote of 256 to 153 (see full roll call of ayes on page 8). These seven were also cosponsors of the Bill. Ken Anderson President H.R is bipartisan legislation introduced by Representatives Andy Barr (R-KY), Kyrsten Sinema (D-AZ), Bruce Poliquin (R-ME), Terri Sewell (D-AL), David Kustoff (R- TN), and Kathleen Rice (D-NY). The bill has 65 bipartisan cosponsors from across the country. The bill addresses federal regulations that have jeopardized access to manufactured housing financing, disrupted the market, and as a result caused eroding home values for existing owners. The legislation ensures that manufactured housing financing is available for consumers of manufactured homes. The High Cost test imposed by the Consumer Financial Protection Bureau (CFPB) resulted in reduced access to credit by our borrowers, and also increased lender liability associated with small-balance loans. Some lenders reduced or stopped providing such loans to our consumers. HR 1699 modifies the definition of high-cost loans so that manufactured home loans are not unfairly swept under this designation simply due to their small size HR 1699 also clarifies that the definition of Mortgage Originator and Loan Originator do not include Retailers of manufactured or modular homes, unless a Retailer receives compensation from the sale of the loan or assists the consumer during the loan application process. MHI s government affairs team worked diligently on Capitol Hill with House leadership, H.R cosponsors and champions of manufactured housing to secure passage of this important legislation. The grassroots outreach, which included MHIA President Ken Anderson and MHIA members, Cody Pearce, Joe Stegmayer, Manuel Santana and others - was instrumental in helping Representatives understand the importance of this bill to their constituents and to seeing through the misleading claims made by DC-based consumer groups. In his remarks, Representative Barr said, Homeownership for many is part of the American Dream, but overbroad burdensome regulations arising out of the Dodd-Frank Act are limiting the ability of Americans to realize that dream. As members of Congress we have an obligation to protect the American people from regulations that harm their ability to purchase affordable homes for themselves and their families. We need to end government policies that are issued under the guise of consumer protection, when those policies actually are protecting Americans right out of homeownership. A Senate Bill (S 1751) has also been introduced and has been initially approved by the Senate Banking Committee. During our last Legislative Session, both Senators, McCain and Flake, were cosponsors. Page 1

2 Applications are Being Accepted for the Dave Blank Memorial Scholarship Program The Dave Blank Memorial Scholarship is an educational scholarship created by the Manufactured Housing Industry of Arizona (MHIA) in the fall of 2016 to honor the memory of Dave Blank who worked for an industry manufacturer for 27 years. Dave Blank firmly adhered to a very high code of ethics and led by example. Dave was dedicated to his family and understood the value of a good education and what a difference it can make in a person s life. Dave Blank The Dave Blank Memorial Scholarship establishes educational programs and opportunities for students who are directly related to a member of the Manufactured Housing Industry of Arizona Association, including spouse, children and grandchildren. The Scholarship is currently limited to $1, per calendar year. The Scholarship Committee will make selection awards to outstanding scholars or students with compelling needs. What types of scholarships and grants are available? The Dave Blank Memorial Scholarship will make financial aid available to students accepted to enroll or currently enrolled at any accredited university or college. The amount of the current award is limited to $1, per year and may vary based on individual needs and/or qualifications. How does a student qualify? MHIA Member related students must forward a copy of the application to the Scholarship Committee at the MHIA office. The application s presentation and thoroughness weigh heavily. The Scholarship Committee will base its decisions on need and/or merit. When are the applications due? Applications are due at the Scholarship Committee office no later than March 28th, for the fall semester of the coming school year. All information must be completed for consideration. When are the awards announced? The Scholarship Committee reviews applications and makes award decisions in early June. Recipients will be notified by mail immediately following the meeting. Please contact Kim at (480) or kim@azhousing.org to receive a copy of the application. It s a very simple application with emphasis on the student s word essay and scholastic performance. MHIA Leadership Executive Committee Jim Breen, Chairman Norman Ball, Vice Chairman David Roe, Jr., Treasurer Terry Gleeson, Secretary Cody Pearce, Past Chairman Board of Directors Sam Baird Norman Ball Kory Beickel Rick Boles Jim Breen Jan Esch Chris Foster Terry Gleeson Cody Pearce Scott Roberts David H. Roe, Jr. David Stone Nick Taylor Scott Townsend Joshua Wendt Shane Willson Division Presidents Terry Ragan, Northwest Kory Beickel, Phoenix Michael Bryant, Southwest Scott Townsend, Tucson Chris Foster, White Mountain Gov t & Zoning Committee Norman Ball, Chairman Terry Gleeson Cody Pearce David H. Roe, Jr. In This Issue... Accepting Scholarship Applications Page 2 Redesigned Website Page 6 Holiday Greetings! Page 3 Manufactured Housing Month Page 7 Holiday Hours Page 3 Full Roll Call of Ayes on HR 1699 Page 8 Follow MHIA on Social Media Page 4 Calendar of Events Page 9 Senate Banking Committee Page 5 Page 2

3 On behalf of the MHIA Board of Directors, we d like to wish you a Joyous Holiday Season and a Prosperous New Year Jim Breen, Chairman & Ken Anderson, President HOLIDAY HOURS The MHIA Office will be closed on December and January 1-2, 2018 Page 3

4 Follow MHIA on Social Media! We are excited to launch our new Social Media Campaign to draw consumers to our website (and YOURS) to buy a manufactured home. We re starting out with Facebook. We ve got a great looking Page designed by our Social Media Guru. Every week we will post interesting stories about the manufactured housing industry and news updates that affect members and consumers, as well as spotlight an MHIA Member. We will also place 2 types of ads targeting certain demographics. One will ask them to "Like" our page and the other will provide a direct link to our website. Please take moment right now and LIKE us on Facebook at Also, help us to increase exposure for your business and our industry by inviting your Friends to LIKE us as well. It s really easy! 1. Go to our FB page ( 2. On the right hand side of the screen click on the link to Invite Your Friends to Like This Page. 3. A list of your Friends will pop up. 4. Click the box saying Invite next to each of your Friend s pictures. 5. This will send a notification to each Friend to also LIKE our FB page. 6. You can also search for specific Friends you d like to invite in the search bar at the top. 7. When you re finished, click Close and you re all done. 8. Now you ll be able to see our posts in your newsfeed or simply visit our page anytime you want to catch up. We re also setting up on Twitter, Instagram, Pinterest and Google+. Be sure to follow us on all of our accounts! Page 4

5 Senate Banking Committee Passes Bill Giving MH Retailers Relief from Dodd-Frank Act On December 5th, the Senate Banking Committee passed legislation to clarify that a manufactured housing retailer or seller is not considered a loan originator simply because they provide a customer with some assistance in the mortgage loan process. This is a key tenet of S. 1751, the Preserving Access to Manufactured Housing Act, which excludes manufactured housing retailers and sellers from the definition of a loan originator so long as they are only receiving compensation for the sale of a home. The language was passed as a part of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, which is a package of reforms intended to improve the national financial regulatory framework and promote economic growth. S was passed by the Senate Banking Committee by a bipartisan vote of 16 to 7. In opening the Committee s consideration of the bill, Senate Banking Committee Chairman Crapo (R-ID) said, The reforms in this bipartisan bill help tailor the current regulatory landscape, while ensuring safety and soundness and relieving the burden on American businesses that are unfairly being treated like the largest companies in our economy. MHI worked closely with Senator Joe Donnelly (D-IN), author of the Preserving Access to Manufactured Housing Act (S. 1751) and long-time supporter of manufactured housing, to include this important consumer access provision in the package. The language, included in Section 107 of the package, amends the Truth in Lending Act (TILA) to exclude from the definition of mortgage originator an employee of a retailer of manufactured or modular homes who does not receive compensation or gain for taking residential mortgage loan applications while maintaining consumer protections. U.S. Senator Joe Donnelly said, For many hard-working Hoosiers and Americans, manufactured housing provides the most affordable option available when they look to buy a home. I m pleased the bipartisan regulatory relief legislation that I helped craft and that passed the Senate Banking Committee includes a provision based on my Preserving Access to Manufactured Housing Act. This measure would help prevent federal regulations from getting in the way of financing that families need as they step into homeownership. The passage of S by the Senate Banking Committee affirms MHI s longstanding position that it is inappropriate for a manufactured housing retailer or seller - whose business is to sell homes and who is not receiving any gain or compensation for minimally helping the borrower with the mortgage loan process - to be subjected to compliance requirements and potential liability for areas that are clearly designed to apply only to the actual entity making the mortgage loan. MHI will continue working with its champions as the bill moves through the legislative process. The inclusion of this language in the Senate s financial regulatory relief package is the result of MHI s persistent efforts to ensure the needed changes contained in the Preserving Access to Manufactured Housing Act are passed into law as soon as possible. In addition to the Senate regulatory reform package, H.R. 1699, the Preserving Access to Manufactured House Act, was passed by the U.S. House of Representatives on December 1. The language was also passed as a part of the House s financial reform package (H.R. 10) in June. In September, the House also passed the bill s provisions as a part of its Fiscal Year 2018 Appropriations package. Page 5

6 Introducing Our Redesigned Website and New Member Profile Management We re very proud to reintroduce you to the MHIA Website! The website has been revamped to run more quickly and smoothly and provide better response. The new look is sleek and inviting, and has excellent resources for consumers and members alike. Resources for consumers include a Home Buying Guide; a quick link to Member Retailers and Brokers; Sample Floor Plans; a Searchable Directory of Member Companies; a Photo Gallery; and a Downloadable Full-Color Brochure. We invite you to take a look at the new website and encourage customers to use the website. Our Members Only section is being upgraded with a new software program to help members get the best experience with their Member Listing. One of the greatest benefits of being a member of the MHIA is that your business is provided a listing on our website so that when potential customers visit our website looking for more information on the industry and who to contact, they ll find your full business contact information, including a link to your website. We ve now upgraded this benefit to allow our members to maintain their own contact information as well as give you access to your membership records, and the ability to access a great deal of Members Only content, including important industry updates, statistical information and newsletters. Very soon, you ll be receiving an granting you access to your new Member Profile and asking you to create a log-in. We hope you ll enjoy this new feature of your membership with MHIA! Page 6

7 Manufactured Housing Month in 2018 Ken Anderson met with Governor Ducey s staff this week to request that the Governor consider a month in the near future Manufactured Housing Month. The request has been approved and we should be getting this recognition during Below is a draft of the requested recognition. OFFICE OF THE GOVERNOR MANUFACTURED HOUSING MONTH WHEREAS, the Manufactured Housing Industry Arizona provides jobs to over 5,000 employees in over 2,500 manufactured housing businesses in Arizona; and WHEREAS, the Manufactured Housing Industry sells over 1,800 new homes and 2,400 used homes per year to Arizona families; and WHEREAS, the Manufactured Housing Industry builds more than 2,600 new homes per year in Arizona under state of the art conditions, using the latest technology and design innovations; and WHEREAS, the Manufactured Housing Industry has provided affordable homes that are safe, comfortable, durable and built with quality for approximately 314,000 Arizona families; and WHEREAS, the Manufactured Housing Industry is celebrating the 42nd Anniversary of the National Building Code for Manufactured Housing during 2018; NOW, THEREFORE, I, Doug Ducey, Governor of the State of Arizona, do hereby proclaim the month of as MANUFACTURED HOUSING MONTH IN WITNESS WHEREOF, I have hereunto set my hand and caused to be affixed the Great Seal of the State of Arizona GOVERNOR DONE at the Capitol in Phoenix on this day of in the year Two Thousand Eighteen and of the Independence of the United States of America the Two Hundred and Thirty Second. Page 7

8 Full Roll Call of Ayes on HR 1699 Abraham Aderholt Allen Amash Amodei Arrington Babin Bacon Banks (IN) Barletta Barr Barton Bergman Biggs Bilirakis Bishop (GA) Bishop (MI) Bishop (UT) Black Blackburn Blum Bost Brady (TX) Brat Brooks (AL) Brooks (IN) Buchanan Buck Bucshon Budd Burgess Byrne Calvert Carbajal Carter (GA) Carter (TX) Chabot Cheney Coffman Cole Collins (GA) Collins (NY) Comer Comstock Conaway Cook Correa Costa Costello (PA) Cramer Crawford Cuellar Culberson Curbelo (FL) Curtis Davidson Davis, Rodney DeFazio Delaney Denham Dent DeSantis DesJarlais Diaz-Balart Donovan Duffy Duncan (SC) Duncan (TN) Dunn Emmer Estes (KS) Farenthold Faso Ferguson Fitzpatrick Fleischmann Fortenberry Foxx Franks (AZ) Frelinghuysen Gaetz Gallagher Garrett Gianforte Gibbs Gohmert Gonzalez (TX) Goodlatte Gosar Gottheimer Gowdy Granger Graves (GA) Graves (LA) Graves (MO) Griffith Grothman Guthrie Handel Harper Harris Hartzler Hensarling Herrera Beutler Hice, Jody B. Higgins (LA) Hill Holding Hollingsworth Hudson Huizenga Hultgren Hunter Hurd Issa Jenkins (KS) Jenkins (WV) Johnson (LA) Johnson (OH) Johnson, Sam Jordan Joyce (OH) Katko Kelly (MS) Kelly (PA) Kind King (IA) King (NY) Kinzinger Knight Kustoff (TN) LaHood LaMalfa Lamborn Lance Latta Lewis (MN) LoBiondo Long Loudermilk Love Lucas Luetkemeyer Marino Marshall Massie Mast McCarthy McCaul McClintock McHenry McKinley McMorris Rodgers McSally Meadows Meehan Meeks Messer Mitchell Moolenaar Mooney (WV) Moulton Mullin Murphy (FL) Newhouse Noem Norman Nunes O'Halleran Olson Palazzo Palmer Panetta Paulsen Pearce Perry Peters Peterson Pittenger Poe (TX) Poliquin Polis Ratcliffe Reed Reichert Rice (NY) Rice (SC) Roby Roe (TN) Rogers (AL) Rogers (KY) Rohrabacher Rokita Rooney, Francis Rooney, Thomas J. Ros-Lehtinen Rosen Roskam Ross Rothfus Rouzer Royce (CA) Ruppersberger Russell Rutherford Sanford Scalise Schneider Schweikert Scott, Austin Scott, David Sensenbrenner Sessions Sewell (AL) Sherman Shimkus Shuster Simpson Sinema Smith (MO) Smith (NE) Smith (NJ) Smith (TX) Smucker Stefanik Stewart Stivers Suozzi Tenney Thompson (PA) Thornberry Tiberi Tipton Trott Turner Upton Valadao Wagner Walberg Walden Walker Walorski Walters, Mimi Weber (TX) Wenstrup Westerman Williams Wilson (SC) Wittman Womack Woodall Yoder Yoho Young (AK) Young (IA) Zeldin Page 8

9 SM New name, same great service Specialized programs for: Retailers and brokers Single and multi-section homes Low fixed and one-step rates Primary and secondary homes Purchase, equity and refinance New or existing homes For more information on our transition from CUFBL and how we can help your clients become home owners, contact us. Home only, park model and land/home Even lower rates with shorter terms Anthony Silcox Business Development Executive ext st Way S, Ste 100, Federal Way, WA P: F: Calendar of Events DECEMBER MHIA Office Closed for Christmas Holiday Happy Holidays!! JANUARY (cont) 30th Phoenix Division Meeting, 12:00 pm MHIAZ Office, Tempe Kory Beickel, Division President kbeickel@countryplacemortgage.com TBD Northwest Division Meeting Terry Ragan, Division President sunwest1@frontiernet.net JANUARY 1-2 MHIA Office Closed for New Year Holiday TBD Tucson Division Meeting Scott Townsend, Division President stownsend@westernamericanhousing.com Visit our website for an archive of past newsletters, shipment reports and other information! Manufactured Housing Industry of Arizona 4525 South Lakeshore Drive, Suite 105, Tempe, Arizona Phone: (480) Fax: (480) info@azhousing.org Web: Ken Anderson, President - ken@azhousing.org July December 28, , 2009 Kimberly Merrill, The Director Arizona of Housing Operations Newsletter - kim@azhousing.org Page 86