In honor of Fleetwood Enterprises founder John C. Crean, the Crean Foundation has donated $60,000 to the RV/MH Hall of Fame’s “Burn the Bank Note” initiative to raise $150,000 by April 30, 2013, according to information MHProNews has received. The Robert “Boots” Ingram’s family challenge grant of $50,000 requires the …
MHProNews has learned from delawarenewszap members of the Delaware Manufactured Home Relocation Authority (RTA) testified before the Joint Sunset Committee to extend the authority five more years. The HRA is set to sunset July 1, 2014. Established in 2003 to assist manufactured homeowners who need to relocate due to a …
The Manufactured Housing Institute (MHI) reports home manufacturers Clayton Homes, Fleetwood Homes, Golden West Homes, Hallmark Homes, Karsten Homes, and Skyline Corp. will partner with the Calif. Manufactured Housing Institute and the Systems Building Research Alliance to research new and innovative envelope systems. With wall and roof building technologies expected …
RuralHome.org informs MHProNews the Corporation for Enterprise Development (CFED), a non-profit dedicated to expanding opportunity for low-income families and communities in the U. S., reports manufactured home borrower repayment records are comparable to site-built mortgage borrowers, and in some cases were better than comparable general mortgage portfolios. CFED’s report, Toward …
Strong Loan Performance from Manufactured Home Mortgages Read More
The Manufactured Housing Association of Oklahoma (MHAO) tells MHProNews the rules on the installation of new and used MH have been revised. New homes have to follow the plans laid out by the manufacturer or the engineer/architect, and the homeowner is not responsible for site preparation. For used homes, the …
The santamariatimes tells us the Northern Santa Barbara County Manufactured Homeowners Team (NSBCMHT), which promotes the welfare of MHC residents, is linked to the legislative action arm of the Golden State Manufactured-Home Owners League (GSMOL). This year’s legislative agenda includes AB1205, a measure that would provide mediation services to resolve …
The Texas Manufactured Housing Association (TMHA) reports of the 5,677 bills filed during the state’s 2013 Legislative Session, TMHA is following 175 of them. Included are House Bill (HB) 3361 and Senate Bill (SB) 214 which would continue the Texas Dept. of Housing and Community Affairs (TDHCA–the agency that oversees …
Legislative Initiatives that Affect Manufactured and Modular Housing Read More
The National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for March marks the second consecutive month in which every state is represented on the improving markets list by at least one metropolitan market. The IMI gauges increases in employment, housing permits, and housing prices for six consecutive …
The National Association of Home Builders (NAHB) reports bipartisan legislation has been introduced in the House of Representatives to ease credit for the nation’s home builders. Sponsored by Reps. Carolyn McCarthy (D-NY) and Gary Miller (R-CA), H. R. 1255, the Home Construction Lending Regulatory Improvement Act, would address regulatory obstacles …
Bi-partisan Measure Introduced to Ease Tight Credit Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews the Federal Emergency Management Agency (FEMA)’s “Industry Days” to chart a course for the construction and logistics of emergency Temporary Housing Units (THUs) were largely question and answer sessions. At the March 15 day-long event, however, FEMA did note it …
Federal Emergency Management Agency Seeking Emergency Housing Read More
Mitch Zacks of zacksinvestmentmanagement says one of the major factors driving the stock market as it hits new highs is the strength of the job market, which has witnessed the strongest period of job increases in over five years, and a concurrent drop in unemployment claims to a five-year low. …
HousingWire informs MHProNews a letter from prominent state attorneys general is calling on President Obama to replace Edward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA), because they say his policy of refusing to allow principal reductions on loans backed by the GSEs that could result in …
The dailypilot informs MHProNews from Costa Mesa, Calif., just south of Los Angeles, a number of MHCs, especially those with a view of the ocean, may be on the verge of conversion to condominiums or other types of development. The Golden State Manufactured-Home Owners League (GSMOL) has been meeting with …
The Manufactured Housing Institute (MHI) informs MHProNews at their Board Meeting Feb. 25, president and CEO Richard Jennison presented the three issues which MHI is newly collaborating on with the Manufactured Housing Association for Regulatory Reform (MHARR): 1) have a non-career head of the MH program at HUD; 2) have …
As follow-up to a story we last posted May 17, 2011 whereby the U.S. Supreme Court confirmed a lower court’s ruling that rent control at Rancho Mobile Home Estates in Goleta, Calif. is constitutional, the owner of Rancho, Daniel Guggenheim, recently won a state case that permits him to sell …
HousingWire informs MHProNews Chairman of the House Financial Services Committee, Rep. Randy Neugebauer, (R-TX), during a committee hearing on the private mortgage insurance market, noted that the Federal Housing Administration (FHA) continues to risk taxpayer dollars. In regard to FHA and its Mutual Mortgage Insurance Fund, he says, “FHA does …
NationalMortgageNews reports with the mortgage industry complaining that the qualified mortgage (QM) rule issued by the Consumer Financial Protection Bureau (CFPB) will hinder hundreds of thousands of potential borrowers from obtaining a QM loan, HR Bill 1077 clears up the three percent cap on points and fees in the QM …
GTWeekly informs MHProNews residents and former residents of De Anza Mobile Home Park in Santa Cruz, Calif. gathered recently to discuss the community’s loss of rent control in 2003 after a four-year federal battle between the city and what is now Equity LifeStyle Properties (ELS). The judge ruled rent control …
As washingtonpost informs MHProNews, while Fannie Mae and Freddie Mac have been vilified for allegedly causing the financial meltdown, for being bailed out by the government to the tune of $131 billion, and for taking business from private firms, neither the Democrats nor the Republicans are actively doing much to …
According to Anthony Randazzo, director of economic research at Reason Foundation, the federal government’s continued belief that everyone should own a home is what created the housing bubble in the first place, and it could happen again. Writing in the Orange County Register, he says with Fannie Mae and Freddie …
Eliminating GSEs could Still Leave Taxpayers Exposed to Risk Read More
