MHProNews has learned from the Alabaster Reporter in Alabaster, Alabama, just south of Birmingham, AL State Sen. Cam Ward wants to pass legislation establishing uniform regulations dealing with the manufactured housing industry. Presiding over the Uniform Law Conference, Ward says manufactured housing is produced in one state and often transported …
State Senator: Establish Interstate Regulations for MH Industry Read More
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) states builder confidence for newly built, single-family homes rose six points in July, the biggest monthly jump in nearly ten years, and at 35 points, the highest number since 2007. The survey gauges builders’ perceptions based on prospective buyers, …
Contributions to the RV/MH Hall of Fame and Museum have reached 90 percent of the $100,000 Ingram Family Challenge Grant. When Darryl Searer, president of the Hall, asked for a couple of angels to step forward on July 3, he got his wish: Roy Beck, retired co-founder of The Beck …
The Joint Center for Housing Studies at Harvard University says the echo boomers, those born between the late 70’s and early 90’s, while many live with parents, are no less interested in owning their own homes than past generations, and will drive the housing market in the near future. Numbering …
In its Washington Update, the Manufactured Housing Association for Regulatory Reform (MHARR) is seeking federal support for public and private chattel lending to expand capital, liquidity, and number of lenders for the low to moderate income manufactured home buying market. Noting it is not likely for any major policy change …
MHARR to HUD: You’re Not Hitting the Nail on the Head Read More
Following a story we last published Sept. 19,2001 concerning the five year battle over a proposed development of two MHCs in Oxford, Connecticut, Garden Homes Management has resubmitted plans for the property, this time proposing 126 manufactured homes, reports the oxford-ctpatch. Opposition has come from the neighborhood and the Oxford …
Speaking for the Manufactured Housing Institute (MHI) at a hearing on the impact of Dodd-Frank mortgage requirements before the House Financial Services subcommittee on Financial Institutions and Consumer Credit Wed. July 11, Tom Hodges, General Counsel for Clayton Homes, suggested Congress create a secondary market for manufactured home buyers so …
HousingWire says a report by the National Association of Home Builders (NAHB) reveals 40 percent of single-family homebuilders plan on hiring skilled workers within the next year, but 62 percent fear a shortage because so many have left the trades because of a lack of jobs. One study reports shortages …
In an interview with Rob Blackwell of NationalMortgageNews, new Consumer Financial Protection Bureau (CFPB) Director Richard Cordray says his biggest accomplishment is creating the complaint database so consumers can contact the agency directly if they have a problem. Noting this kind of job is never done because an avalanche of …
Charges of unfair labor practices lodged with the National Labor Relations Board (NLRB) against Blu Homes of Vallejo, California by San Francisco’s Carpenters Union Local 180 have been mostly dismissed, according to ModularHomeCoach. When Blu moved to CA last fall from Massachusetts and renovated part of an old Naval base …
azstarnet reports the two major mortgage market overseers in the federal government are trying to convince private lenders to ease up on lending restrictions that have become tighter than those required by Fannie Mae and Freddie Mac, which are under the jurisdiction of the Federal Housing Finance Agency, and the …
The Manufactured Housing Institute (MHI) will testify before the House Financial Services Subcommittee on Financial Institutions and Capital Markets July 11 concerning the impact of Dodd-Frank on residential mortgage reforms. Clayton Homes General Counsel Tom Hodges, representing MHI during the hearing, will address the measure’s unintended consequences that limit credit …
Writing in OriginationNews, Paul Muolo expresses the mortgage industry’s contempt for the Consumer Financial Protection Bureau’s (CFPB) loan officer compensation proposal, particularly the ‘flat fee’ payments. Some industry officials, thinking the agency is more intent on meeting the deadline of early 2013 than making sure the rule is equitable, are …
NationalMortgageNews reports the Tuscaloosa Credit Union (TCU) in Alabama is backing a program to help home buyers with poor credit realize their dreams of home ownership, following the departure of the big banks. After the mortgage rules changed, the second and third mortgages attached to the four homes prevented the …
NationalMortgageNews reports senior citizens, the primary target of reverse mortgages, do not fully understand its risks and features and the tradeoffs involved, leading the Consumer Financial Protection Bureau (CFPB) to plan stronger disclosure requirements. In a conference call with reporters, CFPB Director Richard Cordray said, “They may focus primarily on …
CFPB to Require more Transparency in Reverse Mortgage Market Read More
Benzinga asks if investors should buy stock based on what Warren Buffett’s Berkshire Hathaway purchases. Alex Shek reports that on May 15, Berkshire reported General Motors and Viacom were added to its portfolio as of March 31. The obvious first question is, can it be worthwhile to buy what may …
Whale Watching May not be Good Investment Strategy Read More
Considered the toughest in the nation, Alabama’s immigration law requires state regulatory boards to check the residency status of everyone who is licensed to do business in AL. NECN reports the Alabama Manufactured Housing Commission (AMHC) is one of several that has not been compliant in enforcing the law. Jim …
The decision by the U.S. Supreme Court this morning to uphold the individual mandate and the Patient Protection and Affordable Care Act (PPACA) went against the National Federation of Independent Business (NFIB) and 26 states in their argument before the Justices challenging the constitutionality of the measure. Yahoo!News reports Dan …
Loansafe tells us The Daily Star in Oneonta, New York reports Otsego County and Otsego Rural Housing Assistance are putting together a Community Development Block Grant application to rehabilitate manufactured homes. Applicants must meet income eligibility requirements to qualify for the program in this county west of Albany. The amount …
Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), says the Architectural and Transportation Barriers Compliance Board (Access Board) is proposing to amend the Americans with Disabilities Act (ADA) and the Architectural Barriers Act (ABA) to ensure that temporary housing, following a catastrophe, whether provided by …
