Volume Buyers

Keeping you informed and updated!

MHI’s 2012 Annual Meeting!

MHI’s 2012 Annual Meeting will be held at the Hotel Contessa in San Antonio, TX on October 7-9, 2012. Click here to register now and save $100. The early-bird hotel and registration fee deadline is September 7th which is coming up soon.

MHI has been working long and hard to hopefully amend the SAFE and Dodd-Frank Acts.  The laws, “threaten to limit the ability of consumers to obtain mortgage financing for manufactured homes and the ability of manufactured home retailers and sellers to provide home-buyers with adequate information to make an informed purchase decision or provide basic information about available lending options.”

Thankfully, progress has been made by the Preserving Access to Manufactured Housing Act, (S. 3484 and H.R. 3849), in the Senate and House of Representatives.  At the Annual Meeting there will be continued work on MHI’s priorities that which include a strategy to pass S. 3484 and H.R. 3849, CFPB regulatory implementation of Dodd-Frank and SAFE Acts; GSE reform and the government’s role in housing; and energy issues.

This year’s highlights include:

  • Initiatives & issues discussions on the recent legislation
  • Featured speakers
  • Information on the upcoming elections and health care reform
  • Special awards presentations, and so much more!

Please contact Cheryl Langley at 703-558-0668 or cheryl@mfghome.org for meeting information and sponsorship opportunities. Click here for a list of sponsorship opportunities.

MHI thanks the following members for their generous sponsorship of MHI’s Annual Meeting:

Gold Sponsors

  • Cavco Industries, Inc.
  • Hart, King & Coldren
  • Style Crest, Inc.
  • Triad Financial Services, Inc.

Silver Sponsors

  • Assurant Specialty Property
  • CU Factory Built Lending
  • follettusa
  • Manufactured Housing Insurance Services
  • McGlinchey Stafford PLLC
  • SSK Communities
  • T.R. Arnold & Associates
  • U.S. Bank

Make your plans today to attend MHI’s 2012 Annual Meeting!

September 6, 2012 Posted by | Events | , , , , , , , , , , , | Leave a comment

New Legislation in effect August 13th, 2012!

There is some very important news I want to share it with all of you…

The Financial Crimes Enforcement Network (FinCEN) which is a bureau of the US Department of Treasury, has published a final rule that requires non-bank residential mortgage lenders and originators to establish Anti-Money Laundering (AML) programs and file Suspicious Activity Reports (SARs) with them.  If your company makes residential loans;  is named as the person to whom residential mortgage loans are initially payable; sells manufactured homes using a retail installment contract; helps consumers complete credit applications; reviews the contents of a credit application; relays loans to/from consumer or residential mortgage lender; discusses specific financing terms with consumers, your company is covered by the FinCEN rule to have an Anti-Money Laundering Program (AML) and a Suspicious Activity Reporting Policy (SAR).

If your company’s activities are described in the definition of residential mortgage lender and/or loan originator, your company must comply.  The rule defines a Residential Mortgage Loan Originator (RMLO) as “A person who accepts a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.”

*Note that this is NOT related to the SAFE Act and the NMLS registered Mortgage Loan Originator (MLO) program.

The FinCEN rule is effective on August 13th, 2012 and here are very important documents you should review:

“The Association has been working with MHI and others, including the Rishel Consulting Group, on the best sources of information and materials to provide to its members, including setting up conference calls and webinars. Rishel Consulting is one of a number of firms that can assist manufactured housing companies to become compliant with AML.  We are encouraging members if they determine they need to become compliant with AML regulations to do their research by going to the FinCEN website www.FinCEN.gov  and other online websites.”

“In the meantime, we are encouraging our members to read the attached materials and do a quick assessment to determine whether the FinCEN rule applies to their company.  If the company is not covered by the FinCEN rule, no further action is required.”

Two free webinars:

  • Friday, July 20th at 2 p.m. Eastern time, hosted bey Rainmaker Consulting & Rishel Consulting Group
  • Monday, July 23rd at 2 p.m. Eastern time, hosted by MHI

To register go here: https://www1.gotomeeting.com/register/314920736

*The New York Housing Association makes no warranties or guarantees, either express or implied, with respect to the content, products and services provided by either the Manufactured Housing Institute (MHI), Rainmaker Consulting or the Rishel Consulting Group.  The Association shall not be liable to any member or other party for the use of the information, products or services provided, and expressly disclaims all liability arising therefrom.


Monday, July 23rd at 2 p.m. Eastern

July 20, 2012 Posted by | Legislation | , , , , , , | Leave a comment

HUD home shipments up in May 2012

The report for May 2012 is out and the numbers are still looking up, especially in comparison to May 2011.  In fact, 5,197 new manufactured homes were shipped which is up 16.1% from May of 2011.  Single-section and multi-section homes numbers were also up in comparison to last year.

The shipments each month of 2012 have consistently been an increase in each month in comparison to the same time frame of 2011.  From January through the month of May, the 2012 shipments have yielded 22,627 homes in comparison of the same time frame of 2011 which yielded 18,125 homes.

In May of this year a total of 8,032 floors were shipped which is an increase of 16.9% from May 2011.  55,982 was the *SAAR or the seasonally adjusted annual rate of shipments for May of 2012.  This SAAR is up 6.3% from the of 52,642 in April of 2012.

122 plants were reported production in May of 2012.  This number was down by one from April.  The number of active corporations was 45 which was unchanged from the prior month.

To check out the entire report go here.

*The SAAR corrects for normal variations in shipments and projects annual shipments based on the current monthly total.

July 16, 2012 Posted by | General Information | , , , , , , , | Leave a comment

Agencies Set Mortgage-Servicing Rules for Military Members

On June 21st, 2012 the Consumer Financial Protection Bureau (CFPB), Federal Reserve, Federal Deposit Insurance Corp., National Credit Union Administration and The Office of the Comptroller of the Currency issued that mortgage servicers to provide servicemembers with guidance about information that they need to sell their homes.  This guidance also extends to modifying their loans when they must relocate.  For additional information click here for the press release.

The goal here is to provide the servicemembers who are receiving permanent change in station orders are obtaining “Clear, accurate, and timely information about available options such as loan modification or short sale,” declared the CFPB director, Richard Cordray.

According to the CFPB, approximately one-third of active duty servicemembers get these orders each year and the Department of Defense figures about 180,000 members of the military are homeowners.

The guidance also addresses two specific practices: asking servicemembers to waive their rights under the servicemembers Civil Relief Act as a condition for assistance or skip mortgage payments to become eligible for assistance.

June 26, 2012 Posted by | Financial Information | , , , , , , , , | Leave a comment

Numbers are up in April 2012!

More great news – 4,650 new manufactured homes were shipped which is up 17.6% from April in 2011.  The increase was felt across the board with shipments up in both single-section and multisection homes.

Continuing the trend for 2012, single-section homes were the largest portion of the increase for all four months of the year.  The single-section homes in April 2012 were up 23.4% in comparison to April 2011.

In comparison to the first four months of 2011 – the 2012 shipments were up a net increase of 27.7% or in other words 17,430 homes were shipped in 2012 in comparison to the 13,650 homes shipped in 2011.

The *SAAR or the seasonally adjusted annual rate of shipments in April 2012 was 52,642 which was down 8.1% from the rate of 57,286 in March 2012.

A total of 7,124 floors were shipped in the month of April which is an increase of 16.1% from 2011.  Plants reporting production in April was 123 which was one up from March and number of corporations was 45 which was one down from the number in the previous month.

*SAAR – corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.

June 20, 2012 Posted by | General Information | , , , , , , , | Leave a comment

A Survey and other Important Information

Some very important information has been coming down the pipeline and I wanted to share it with you immediately.

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final rule  about extending anti-money laundering (AML) and suspicious activity reporting (SAR) requirements to non-bank residential mortgage lenders and originators (RMLOs – Additional information is here about defining a RMLOs, etc. FINcen Final AML Rule for Non-Bank Mortgage Lenders 2-17-2012).  Now by August the RMLOs will be required to implements AML and SAR programs.

MHI working with McGlinchey-Stafford to create templates to assist lenders, community owners and retailers in becoming compliant with this rule.  We are asking MHI members to complete the survey in a PDF (NOLADB-#998207-v1-MHI_Member_Questionnaire_for_AML_and_SAR_Programs) or in a Word document MHI_Member_Questionnaire_for_AML_and_SAR_Programs.

In addition, we are requesting that lenders and also MHI members that could possibly be considered RMLOs such as community owners/operators, manufactured housing retailers, etc. to complete the survey.

Please follow the directions and note the information within the survey is kept strictly confidential.  Please return at your earliest convenience.  You can return your survey to Marc Lifset at mlifset@mcglinchey.com or by fax at 518.432.7290.  Feel free to contact Marc if there are any questions about the survey.  Your assistance will help us all more easily comply with this new regulatory requirement.

May 18, 2012 Posted by | Legislation | , , , , , , , , , , , , | Leave a comment

Modular Homes…Green Homes?

A lot of people are becoming increasingly concerned about their futures, and therefore are living greener more and more often these days.  Have you done anything in the past few years to make your life a little greener?  How about purchase a a more energy-efficient refrigerator or a water-conserving hot water tank?  But have you purchased a modular home recently because some experts consider it a greener alternative to a “stick built” home?

Modular home construction made up approximately five percent of new home construction in 2010.  Some experts say that modular homes make sense for a sustainable lifestyle.  The prefabricated homes “are inherently more sustainable than their site-built counterparts.  Because modular construction facilities typically use leftover resources for other purposes, the homes cost five percent to twenty percent less then the comparable.”

The Modular home companies therefore use those savings to pass onto energy-saving and water-conserving products for the home.  There are also many additional sustainable features to a modular home (if requested) including bamboo flooring, low-flow faucets and energy-efficient heating and cooling units.  The size of the home (modulars have an overall tendency to be smaller then their “stick-built” comparison homes) which is a fantastic selling feature of any green home.

So Modular = Greener….what do you think?

April 19, 2012 Posted by | General Information | , , , , , , | 1 Comment

HUD Code Home Shipments are Up!

January 2012 was quite a promising month and shipments were up 42.1 percent from January 2011.  The manufactured home shipments for January 2012 were 3,945 new homes.  This increase was not just only single-section but multisection homes as well.  The single-section homes however were the biggest success with shipments up 53.1 percent compared to January 2011.

The seasonally adjusted rates (*SAAR) of shipments was 61,802 in January 2012 which is up from 6.0 percent from December 2011 of 58,299.  Also the total floor shipments for January 2012 were up 38.3 percent from January 2011.

If you would like to access this report please check it out here.



*SAAR corrects for the normal seasonal variations in shipments and projects annual shipments based on the current monthly total.

March 9, 2012 Posted by | General Information | , , , , , | Leave a comment

NMHC’s Quarterly Modular Housing Report©

The fourth quarter of 2011 Modular Housing Report is out!  You will be able to access the report here.  There are a few highlights we would like to share with you below:

NMHC or the National Modular Housing Council’s report indicates actual shipments of 3,030 new modular homes that were shipped in the fourth quarter of 2011.  This is an increase of 7.9 percent from (the same quarter) in 2010.

2011’s fourth quarter in comparison to that of 2010 the following information is as follows:

  • Increases for 11 states
  • Reductions in 11 states
  • No significant changes in 7 states
*Defined as less than or equal to ±5 shipments


March 2, 2012 Posted by | General Information | , , , , , | Leave a comment

Manufactured Housing Finance Relief Legislation Unveiled

This post is from an email via The Manufactured Home Industry.  This email is so important that I decided to post it word-for-word because it is quite important to our industry and could have not said it better myself.  *Note it is quite a lengthy post but important.


(Arlington, VA – February 1, 2012) – “During a hearing of the Financial Services Subcommittee on Insurance, Housing and Community Opportunity evaluating the effectiveness to which the Department of Housing and Urban Development (HUD) has implemented key provisions of the Manufactured Housing Improvement Act of 2000, Rep. Gary Miller (R-CA) formally unveiled legislation (H.R. 3849) to reduce regulatory burdens impeding access to affordable manufactured housing financing”.

“In detailing challenges facing the manufactured housing industry, Congressman Miller cited a number of difficulties the industry has suffered over the past decade, including: a decline in new manufactured home construction of roughly 80 percent; the closure of more than 160 plants; and the loss of over 200,000 jobs.  He specified that “Congress must address the problems with regulatory overreach that impedes the ability of consumers to obtain mortgage financing for manufactured homes.”

The bill (titled the Preserving Access to Manufactured Housing Act) was developed on a bipartisan basis by Reps. Joe Donnelly (D-IN), Stephen Fincher (R-TN) and Gary Miller, in consultation with the Manufactured Housing Institute (MHI), to address two significant issues impacting the manufactured housing industry:

  • Reducing the threshold by which small balance manufactured home personal property loans are considered High-Cost Mortgage Loans under provisions within the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) and thereby subject to punitive and onerous liabilities.
  • Clarifying that those selling manufactured homes—who are not fundamentally engaged in the business of mortgage origination —are not to be considered mortgage originators under the federal SAFE Act and thereby better able to provide adequate technical assistance to consumers throughout the manufactured home buying process—similar to the SAFE Act treatment of real estate brokers.

Upon introduction of the legislation, MHI Chairman and Cavco Industries Chairman and CEO Joe Stegmayer stated “we are truly grateful for the dedicated leadership and work of Representatives Joe Donnelly, Stephen Fincher and Gary Miller on this very important issue.  Serving the financing needs of the manufactured housing market has always been a unique challenge.   It has grown more challenging by the establishment of new federal guidelines that do not adequately account for the complexities and realities facing the industry and consumers alike. The legislation is an essential step in preserving the affordability advantage of manufactured housing and protecting the equity that 19 million existing manufactured home residents have built in their homes.”

During the hearing, several members of the subcommittee reaffirmed the important role manufactured housing plays as an affordable, high quality housing source and the need for improved access to financing, including Rep. Robert Hurt (R-VA) who stated that the manufactured housing industry has been “hindered by a lack of financing availability.”  Rep. Sean Duffy (R-WI) highlighted the valuable role manufactured housing plays as an “important source of affordable housing” that is “threatened by a lack of financing options.”

In his testimony, Cavco Industries Director of Engineering Manuel Santana, P.E. – testifying on behalf of MHI – reinforced these points and stated that “the single most important issue impacting the manufactured housing market remains the availability of accessible and affordable financing for those seeking to purchase manufactured housing.”  Mr. Santana added that “lack of a viable secondary market for manufactured home loans coupled with growing regulatory burdens threaten to further constrict the limited financing options that currently exist within the manufactured housing market.”

MHI will continue to work on a bipartisan basis to educate Members of Congress and develop solutions to the financing crisis within the manufactured housing market.  For a copy of the legislation, click here.  A description of the bill’s impact on SAFE Act and the Dodd-Frank Act is available here.

MHI is the preeminent national trade association for the manufactured and modular housing industries, representing all segments of the industry before Congress and the Federal government. From its Washington, D.C. area headquarters, MHI actively works to promote fair laws and regulation that will help provide quality, affordable housing for homebuyers. For more information on MHI, visit www.manufacturedhousing.org.

February 10, 2012 Posted by | Legislation | , , , , , | Leave a comment