In discussing the future roles of Fannie Mae and Freddie Mac in multifamily housing finance, HousingWire tells us the Mortgage Bankers Association (MBA), in a White Paper, outlined a method for government to attract large private capital. New policies need to be enacted that provide a stability and insurance backstop …
Private Capital, Government Insurance for Multifamily Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews according to HUD and Census Bureau data, the shipment of manufactured homes for Oct. 2012 dropped five percent from Oct. 2011, 5,418 down to 5,127, but rose by 734 homes over Sept. 2012. Cumulative production for 2012 of 47,036 is …
MHProNews has learned from HK&C attorney Robert Coldren that the Huntington Beach (CA) City Council has tentatively approved the subdivision map application for Pacific Mobile Home Park to become a resident-owned community. A recent ruling from the state supreme court requires communities in coastal zones be subject to the Mello …
American Banker reports the Senate Banking Committee, two years after implementing Dodd-Frank, will likely review the impact of the regulations on the marketplace to determine what may need to be altered. The agenda has not been set yet for the coming year because Committee Chairman Tim Johnson (D-S.D.) wants to …
Will the Senate Alter Dodd-Frank and CFPB Regulations? Read More
MHProNews has been informed by attorney Robert Coldren about a 6-1 decision handed down by the California Supreme Court Nov. 28, 2012. The court held that an MHC being converted to resident ownership within the Coastal Zone (defined as within 1,000 yards from the mean high tide line) is considered …
Do not buy a home, a municipal bond, or invest capital in a state where private sector workers are outnumbered by people who receive government funds, whether as a government employee (local, state or federal) or recipient of Social Security or welfare, says William Baldwin in Forbes. Dividing the states …
With legislators looking for revenue sources to avert the fiscal cliff, the housing industry once again feels pressure that the mortgage interest tax deduction may be on the block, according to CNNMoney. Their lobbying expenditure has increased from $27 million last year to $30 million this year, according to the …
The Santa Fe New Mexican says as the city is preparing to annex land that includes MHCs, Santa Fe City Councilor Carmichael Dominguez wants to ensure that new manufactured housing developments comply with the same standards as other new neighborhoods, which includes sidewalks, drainage, landscaping and parks. Further, acknowledging the …
MHCs Should have Amenities like other Neighborhoods Read More
In a New York Times op-ed piece, billionaire investor Warren Buffett says its ridiculous to think higher capital gains taxes will prevent the super wealthy from investing their money. He notes in the 1950s when the capital gains rate rose from 25 to 27.5 percent no one complained of not …
A group of ten residents of Westview Village Mobile Home Park in Kelowna, British Columbia, Canada, frustrated that management was not enforcing maintenance rules on some of the properties, attempted to form a neighborhood association. Kelownacapnews informs MHProNews a group calling itself Westview Village Concerned Homeowners sent a letter to …
Forbes reports that if the Democrats truly want to restore the economy to the prosperity enjoyed during the Clinton years and avoid the “fiscal cliff,” the administration needs to enact policies that mimic those years, which include repealing ObamaCare and reducing federal regulation. In addition, federal spending was much smaller …
According to ArchDaily, shipping containers are in great supply because it is more expensive to ship them back to China or Europe, than it is to make new ones in Asia. The advantages to using them are cost, durability, and strength as well as availability. The downsides include the coatings …
In another sign of an improving housing market, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for new, single-family homes gained five points to 46. Marking the seventh consecutive monthly gain, and this is the highest reading since May 2006. Says …
The Nebraska Public Service Commission (NPSC), noting each transportable section of a manufactured home should display a Federal Manufactured Home label on the exterior, says if consumers have a question about the label and the home was built in Nebraska, contact the NPSC. If the home was built in another …
Following a story we last covered June 6, 2012, when a ballot measure (Proposition E) to eliminate rent control in MHCs was defeated in Oceanside, Calif., residents of the city’s 17 MHCs said they would exact their revenge against city council members who voted in favor of the proposal in …
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), 74.1 percent of all homes sold nationwide in Q3 2012 were affordable to families who earned the U.S. median income of $65,000, up from 73.8 of homes sold in the second quarter that were affordable to median …
NationalMortgageNews tells MHProNews the delinquency rate for government-backed loans inched down third quarter 2012 over the second quarter, from 11.89 percent to 11.14 percent as of Sept. 30. The Mortgage Bankers Association (MBA) reports the rate a year ago was 12.09 percent. Federal Housing Administration (FHA) loans late 90 days …
According to usgovinfo, a recent report from the Government Accountability Office (GAO) says the air quality in manufactured housing may be compromised by carbon monoxide entering the homes. GAO says the problem stems from fresh air intake and exhaust vents constructed too close together, which could allow CO2 and other …
Dr. Mark Dotzour, chief economist at Texas A & M’s Real Estate Center, proclaims tax credits to buy homes or cars represents a fake economic recovery. When people buy because they want to marks a real recovery, which he says is starting to happen now because there is so much …
According to the Fannie Mae October National Housing Survey of 1,000 Americans, 50 percent expect home rental costs to increase, providing more incentive to buy a home. RealtorMag tells MHProNews the survey revealed 72 percent of respondents say now is a good time to purchase a home, while only 18 …
