Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
Google Secures Pentagon AI Deal for Classified Projects 
U.S. Budget Airlines Seek $2.5 Billion Government Aid Amid Rising Jet Fuel Costs 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
ARLINGTON, Va., May 09, 2017 -- The Manufactured Housing Institute (MHI) issued the following statement in response to the Federal Housing Finance Agency (FHFA)’s release of Fannie Mae and Freddie Mac’s draft Duty to Serve plans. The statement is from Lesli Gooch, senior vice president for government affairs and chief lobbyist for MHI.
“We are pleased to see details of how Fannie Mae and Freddie Mac propose to move toward the creation of a secondary market for manufactured home chattel loans. However, since FHFA has acknowledged that chattel loans make up 80 percent of all new manufactured home placements, MHI believes that the Enterprises should not be able to receive a satisfactory rating without a significantly more meaningful commitment to purchase chattel loans.”
“We appreciate that Fannie Mae identified specific loan volumes as a goal, but the amounts are wholly insufficient for either Enterprise to launch a meaningful commitment to serving the market.”
“MHI is disappointed that neither Plan makes a commitment during the three-year plan period to purchase chattel loans on a flow basis -- instead limiting their goals to the bulk purchase of loans.”
“Fannie Mae and Freddie Mac’s plans must lead to chattel manufactured home loan purchases. Their plans need specific volume targets that lead to meaningful purchases on a flow basis during the three-year plan period. The plans should include measurable benchmarks and Duty to Serve credit must only come from achieving these benchmarks. Duty to Serve credits should be outcome-based and focused on actual and meaningful impacts.”
MHI is the only national trade organization representing all segments of the factory-built housing industry. MHI members include home builders, lenders, home retailers, community owners and managers, suppliers and more than 50-affiliated state organizations. Visit us on Twitter @MHIUpdate and on Facebook.
Media Contact: Patti Boerger 571-325-0785 [email protected]
