In this letter (2 pages), 16 consumer, civil rights, and housing groups ask Members of Congress to oppose H.R. 650, The Preserving Access to Manufactured Housing Act 2015. The groups argue that the bill would roll back protections established by the landmark Dodd Frank Wall Street Reform and Consumer Protection Act and hurt low and moderate income families.

The groups state H.R. 650 would:

  • Raise the interest-rate trigger for protections under the high-cost mortgage protections of the Home Ownership and Equity Protection act (HOEPA)
  • Raise the points-and-fees trigger for HOEPA protections
  • Exempt manufactured-home retailers from the definition of "mortgage originators"

The full text of the letter provides more details into these arguments.