house Bill H.R. 650
Changing the Financing Rules for Mobile Homes and Other Manufactured Housing
Argument in favor
Manufactured housing is typically used by people of low and moderate incomes, and modifying these regulations will save those consumers money and help them into affordable housing situations.
04/21/2015
"These changes will allow thousands of mobile/manufactured homeowners in CA more affordable living conditions."
Argument opposed
The change in disclosure thresholds serves special interests and will undermine consumer protections, which could lead to predatory loans and home buyers who are over-extended.
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04/29/2015
This is not a function of the Federal government. They should not be involved at all.
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04/16/2015
Any financial related needs to revert back to the Glass-Stegal Act. Again it worked for 75 years
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04/21/2015
It seems to me there are enough Mobile Homes around to prove it isn't too difficult to buy one. The regulations, as they are, seem more than adequate. What we are doing here is making it easer for the manufacture to sell them. That might not be a good thing either.
This actually allows young people to get better overall financing.
This is not a function of the Federal government. They should not be involved at all.
Any financial related needs to revert back to the Glass-Stegal Act. Again it worked for 75 years
"These changes will allow thousands of mobile/manufactured homeowners in CA more affordable living conditions."
It seems to me there are enough Mobile Homes around to prove it isn't too difficult to buy one. The regulations, as they are, seem more than adequate. What we are doing here is making it easer for the manufacture to sell them. That might not be a good thing either.
This is a joke. Only the bottom 50% live in mobile homes, and they don't pay federal income tax anyway. In Bay County the tax collector (a democrat) doesn't even enforce the stickers that should be purchased every year. She said poor people need a break. More prosecutorial discretion, I guess.
Disclosure is important in the financial industry, so I cannot support this bill.
This is where seniors trying to get by on social security end up. Help them as much as possible.
Saving low income housing buyers the cost of higher priced home mortgage fees seems like a good thing to do.
Didn't we learn our lesson These Banks should not be ANY LOANS to people that cannot afford to make the payments period. Just my opinion
This could lead to a mortgage crisis such as the one in 2008.
Steal from the poor and give to the rich scam. More class warfare
modifying these regulations will save those consumers money and help them into affordable housing situations.
Encourages lenders to take advantage of unsuspecting/ignorant buyers of financial risks they are assuming.
Still to much government... Plus if you're dumb enough to be to lazy to research a loaner before you accept one then you don't deserve the responsibility of maintaining a home