MHI Statement Provides Fannie and Freddie a Pass on DTS Chattel
Ever since Manufactured Housing Institute (MHI) CEO, Lesli Gooch stated at a July 18, 2023 Federal Housing Finance Agency (FHFA) Duty to Serve (DTS) “Listening Session” that “The Duty to Serve statute does not require Fanny and Freddie to purchase [manufactured housing] personal property loans, but does say explicitly that they – quote – ‘may consider’ such loans,” MHARR has been receiving inquiries from industry members regarding the meaning of this statement and its implications for DTS implementation, the HUD Code industry and manufactured housing consumers.
To address these inquiries and to provide further information regarding the problems posed by this statement – as well as potential means and methods for their correction – the attached reprint copy of a Q&A with MHARR President and CEO, Mark Weiss, initially published in the online publication MHProNews, is attached for your review and information.
Please do not hesitate to contact us if you have any further questions or need any additional information regarding this important matter.
Manufactured Housing Association for Regulatory Reform (MHARR)
1331 Pennsylvania Ave N.W., Suite 512
Washington D.C. 20004
Phone: 202/783-4087
Fax: 202/783-4075
Email: MHARR@MHARRPUBLICATIONS.COM
Website: www.manufacturedhousingassociation.org
Ever since Manufactured Housing Institute (MHI) CEO, Lesli Gooch stated at a July 18, 2023 Federal Housing Finance Agency (FHFA) Duty to Serve (DTS) “Listening Session” that “The Duty to Serve statute does not require Fanny and Freddie to purchase [manufactured housing] personal property loans, but does say explicitly that they – quote – ‘may consider’ such loans,” MHARR has been receiving inquiries from industry members regarding the meaning of this statement and its implications for DTS implementation, the HUD Code industry and manufactured housing consumers.
To address these inquiries and to provide further information regarding the problems posed by this statement – as well as potential means and methods for their correction – the attached reprint copy of a Q&A with MHARR President and CEO, Mark Weiss, initially published in the online publication MHProNews, is attached for your review and information.
Please do not hesitate to contact us if you have any further questions or need any additional information regarding this important matter.
Manufactured Housing Association for Regulatory Reform (MHARR)
1331 Pennsylvania Ave N.W., Suite 512
Washington D.C. 20004
Phone: 202/783-4087
Fax: 202/783-4075
Email: MHARR@MHARRPUBLICATIONS.COM
Website: www.manufacturedhousingassociation.org
