"According to that narrative, the Manufactured Housing Institute (MHI) represent all segments of the factory-built housing industry. Quoting MHI, they are: Leading advocates for manufactured housing. The MHI home page tells the credulous: We are your trusted partner, advocate and industry leader. Indeed, casual looks at the MHI website may appear much like other trade association websites. It is only with a closer look by the well-informed that a different reality begins to emerge to what they claim."
"I would have to say yes. Inventory levels are very good and back to balanced levels. The high level repossessions from loans made during the 1990s, which have plagued the industry, have returned to manageable levels. The performance of loans made over the last several years continues to improve. The underwriting guidelines and terms for financing the homes has been vastly improve"
Manufactured Housing Institute (MHI) asserts it serves as the federal policy voice and unified advocate for all offsite-built housing industry segments. The MHI website states it is a trusted partner and industry leader. Statements from former MHI presidents and CEOs and comparative data from the recreational vehicle and manufactured housing industries reveal discrepancies between MHI's public claims and industry realities. Chris Stinebert, then MHI president and CEO, reported improving inventory balance, reduced repossessions from 1990s loans, improving recent loan performance, and vastly improved underwriting and financing terms. Industry data and leadership statements together raise questions about the scope and effectiveness of MHI's representation.
Read at www.housingwire.com
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