Tag Archives: Consumer Financial Protection Bureau

What Every Current or Potential Resident of a ‘Predatory’ Mobile Home Park-Manufactured Home Community Operator Should Know-Views of Advocate Tim Sheahan and MHPro L. A. “Tony” Kovach-How to Avoid or Fix Problems

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Perhaps 75 to 80 percent of manufactured home communities are owned by local owners who are often in a good working relationship with their residents. But the other 20 percent or so may fall into a different category, and that segment will be part of the subject of this report with expert analysis. “My name is Tim Sheahan and I …

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Getting More Manufactured Home Lending – Video Interview with MH Owner, Tom Fath

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Financing is always a hot topic in manufactured housing. A very common Google search is for mobile or manufactured home loans! If you want more MHLending, and want to keep it simple, jump near the end of this article to Want more access to MH loans? For those who want more details, let’s dive in with the following. Lending has …

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Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing

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 New Federal regulations, enacted in the wake of the subprime mortgage crisis, are playing a key role in establishing a class of lifetime renters — all in the name of consumer protection. By Jan Hollingsworth for MHLivingNews.com The old man walked into the dealership in rural Kentucky with solid credit and the air of someone who knew exactly what he …

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CFED and CFPB – Confused, Conflicted “Friends” of Manufactured Home Owners and Prospective Buyers?

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Here’s a riddle for you. Why would a federal agency and a nonprofit think tank, both dedicated to consumer protection, choose to pursue a course that is diametrically opposed to their mutual mission? The Center for Enterprise Development (CFED) and the Consumer Financial Protection Bureau (CFPB) have staunchly supported manufactured housing as an important component of affordable housing for low- …

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Dodd-Frank and Manufactured Home Financing: The Place Where Good Intentions and Unintended Consequences Collide

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The path to home ownership lay before him, smooth and attainable as never before. All Eric Powell had to do was secure a small loan. He had a steady job, a decent credit score and a wife who happened to work for a bank: What could possibly go wrong? By Jan Hollingsworth for MHLivingNews.com Christmas came a week early for the …

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Congress, Don’t Be Fooled! The Upcoming Vote on Preserving Access to Manufactured Housing Act, HR 650

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If you want to wear a tent, then one size can fit all. To have something more tailored to you, we have to have the ability to choose clothing that fits your needs, taste and budget. The same is true for homes. One size doesn’t fit all. We must be allowed to choose. Those choices should include financing options that …

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Has the CFPB gone too far on mortgage rules? Prior Federal Reserve Chairman Ben Bernanke can’t get refinanced! (Videos & Graphics)

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Ben Bernanke was the 14th Chairman of the Federal Reserve Bank, the “central bank” in the U.S.. He is no stranger to government, the Consumer Financial Protection Bureau (CFPB) and no enemy of government regulation. He’s been one of the most powerful figures on our economy. So it was more than ironic when this Bernanke – who reportedly makes $200,000 …

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