Barry Loudermilk: “I thank the chairman for yielding time. Clearly, Mr. Speaker, the overregulation of Dodd-Frank, coupled with unfettered…”

“I thank the chairman for yielding time. Clearly, Mr. Speaker, the overregulation of Dodd-Frank, coupled with unfettered agencies like the CFPB, have hurt Americans from Wall Street to Main Street. But today, Mr. Speaker, I am not here to talk about Wall Street or Main Street but a little two-lane street in Cassville, Georgia, named ``Mac Johnson.'' Cassville is a rural community that has a small post office, a little country store, and a lot of hardworking people who call it their home. Many of the people who live in Cassville work at one of the many factories in the local area. While these hardworking Americans are not the upper middle class, they are the backbone of America's economy. And like 22 million other Americans, many of them live in a manufactured home. Along Mac Johnson, you will find a number of manufactured homes--some on individual lots, some on farmland, and some in quaint, little mobile home parks. As it is across the Nation, almost half of those living in these homes have incomes of less than $30,000 a year, and many are retired or disabled. Historically, manufactured homes have allowed families, who couldn't afford the cost of a traditionally constructed house, the ability to achieve the American Dream. However, the CFPB has expanded enforcement of regulations that were designed for mortgage lending on traditional homes to include manufactured home retailers.…”