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Home » Store » News » Lawmakers Take on CFPB’s High-Cost Mortgage Thresholds

Lawmakers Take on CFPB’s High-Cost Mortgage Thresholds

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Rep. Gary Miller, R-CA, and two other members of the House recently introduced the Preserving Access to Manufactured Housing Act, legislation they said will ensure that new regulations released earlier this year by the CFPB to address high-cost mortgage loans do not further hinder the availability of mortgage credit for manufactured homes. Miller said the concern is, without their legislation, financing options for manufactured housing would be greatly limited, leaving thousands of manufactured home customers...
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