Benzinga tells MHProNews.com the Pending Home Sales Index rose to 101.4 in March, up 4.1 percent from the 97.4 figure in Feb. 2012. Based on signed real estate contracts for all types of housing, the Index is 12.8 percent above March 2011 when it was 89.9, according to the National …
The VCStar in Ventura, California reports the Ventura County Supervisors have endorsed a measure that protects MHC residents who sign multi-year leases. AB 1938 is scheduled for a hearing in the California State Assembly before an Assembly housing committee. The bill would require MHC operators to provide a one-page summary …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports a joint letter dated April 17, 2012 from the chairmen of the House Financial Services Committee and the Housing, Insurance, and Community Development Subcommittee to HUD Secretary Shaun Donovan seeks follow-up from HUD regarding its implementation of the Manufactured Housing Improvement …
Noting a story we posted April 10, 2012, outlining the Preserving Access to Manufactured Housing Act, the Manufactured Housing Institute (MHI), fresh from its annual National Congress and Expo for Manufactured and Modular Housing in Las Vegas, announces in it’s newsletter the bi-partisan support it has gained for the legislation …
According to Housing and Urban Development (HUD) Secretary Shaun Donovan, 400,000 HARP (Home Affordable Refinance Program) 2.0 applications have been picked up by five of the largest loan servicers. HARP 2.0 is targeted to underwater borrowers with Fannie Mae and Freddie Mac loans. NationalMortgageNews tells MHProNews.com President Obama has proposed …
Noting that current underwriting standards are too restrictive and may be holding back a housing recovery, a combination of 33 private firms and non-profit organizations have signed a letter to Richard Cordray, head of the Consumer Financial Protection Bureau (CFPB), advocating for a broadly defined Qualified Mortgage (QM) policy, termed …
J.D. Pendleton, Executive Director of the Texas Manufactured Housing Association, tells MHProNews.com the San Antonio Quality of Life Committee may propose changes to the city code that affects MHCs. The changes relate to building/rebuilding manufactured homes in a flood plain, signage responsibilities, and possible increased fines for violations. The Quality …
A report from the Manufactured Housing Association for Regulatory Reform (MHARR) dated April 16, 2012 states HUD has returned to its authoritarian roots as it continues to disregard the Reform Act of 2000. MHARR cites its continuing discrimination especially against the smaller manufacturers, which ultimately raises the costs to the …
Deanna Fields of the Manufactured Housing Association of Oklahoma tells us Gov. Mary Fallin vetoed a bill that would have provided liability protection for MHC owners who shelter residents in their office during severe weather. HB 2296, which would protect the owners from civil liability passed unanimously in the House …
The Manufactured Housing Institute (MHI)’s “Supplier of the Year” award was presented to NTA, Inc. of Nappanee, Indiana at the MHI National Congress and Expo for Manufactured and Modular Housing in Las Vegas, April 11. Sys-Con tells MHProNews.com NTA has a cadre of engineers, draftsmen, technicians, and consultants who do …
The Santa Fe Association of Realtors (SFAR) tells the SantaFeNewMexican home sales are up in the area due to low interest rates and buyers fears that interest and prices will soon rise, but inventory is down as potential sellers wait for prices to improve. The median sales price for a …
The National Association of Home Builders (NAHB) states if certain legislators have their way, this could be the last year for the mortgage interest deduction (MID). Calling it “the most important tax deduction for tens of millions of middle-class families”, NAHB says “more than 33 million families benefited from the …
The GadsdenTimes reports from the statehouse in Montgomery, Alabama that legislators continue to discuss moving tornado shelter inspection from the Alabama Manufactured Housing Commission (AMHC) to the state’s Emergency Management Agency (EMA) when the shelters are eligible to be reimbursed with federal funding. MHProNews.com has learned the AMHC currently inspects …
AL Legislature Discussing Inspection (Fees) of Storm Shelters Read More
In its Week in Review newsletter, the Manufactured Housing Institute (MHI) is urging its members to contact their congressional delegation to support H.R. 3849, legislation introduced by Reps. Stephen Fincher of Tennessee, Joe Donnelly of Indiana, and Gary Miller of California. The Preserving Access to Manufactured Housing Act seeks to …
At the Modular Building Institute’s (MBI) annual conference in Orlando, Florida last week, the president of Whitley Manufacturing, Simon Dragan, was inducted into the association’s Hall of Fame as part of its World of Modular event. A veteran of the modular industry for over 30 years, Dragan came to the …
Modular Trade Association Honors Hall of Fame Inductee Read More
The National Association of Home Builders (NAHB) Improving Markets Index (IMI), based on employment, housing permits, and house prices showed a slight improvement, adding a net gain of two, March to April. Thirteen markets were added and eleven fell from the ranking, while 88 markets remained, rising just above the …
A program offered by Puget Sound Energy (PSE) offers residents of manufactured homes in Bonney Lake and Sumner, Washington the opportunity to receive free duct work sealing and other energy- saving devices. As Bonneylake-SumnerPatch tells MHProNews.com, the service has up to a $500 value and can reduce energy usage by …
OriginationNews tells MHProNews.com Peter Carroll, the acting assistant director for the Consumer Financial Protection Bureau (CFPB) in charge of the Office of Mortgage Markets, is examining the Federal Reserve’s loan officer (LO) compensation rule. Jurisdiction for the rule was moved to the CFPB in July 2011 from the Fed’s control …
At a League of Women Voters (LWV) forum on affordable housing in Midland, Texas, it was noted the housing shortage is evidenced in the availability of only 150 homes for sale in this west-central city of over 100,000. A one bedroom apartment now costs $900/month, and the increase each time …
From the headquarters in Concord, New Hampshire of ROC (resident-owned communities) USA, LLC President Paul Bradley informs MHProNews.com Michael Bullard has joined the ROC team as Communications and Marketing Manager effective April 9, 2012. For nearly ten years Bullard has been Executive Editor of the Cecil Whig newspaper in Cecil …
