Fannie Mae/Freddie Mac seller/servicer and Ginnie Mae issuer, Platinum Home Mortgage tells MHProNews it has opened a branch in Jupiter, Florida, its seventh new location this year. In addition to an in-house manufactured home financing program, the bank will offer conventional, non-qualified mortgage, Federal Housing Administration (FHA), Veterans Affairs, U. …
Manufactured Home Lender Opening Branch in Jupiter, Fla. Read More
Following a post MHProNews last covered Dec. 17, 2015 regarding Spruceland Properties, Inc.’s disposition of its assets, as of June 1, 2016 it has finalized the sale of its two manufactured home communities for $40.6 million. Jubilee Landing in Sherwood Park, Alberta, and Willow Park Estates in Leduc, Alberta went …
Spruceland of Canada now Divested of its Two Manufactured Home Communities Read More
In the news from CNNMoney: United Airlines unveils luxury business cabin. OPEC continues to flood market with oil. Saudi Arabia says $60 oil is coming soon. European airline Ryanair slashing some baggage fees by jup to 50 percent. Don’t write off American oil boom yet. CEO of JPMorgan Chase, Jamie …
MH-related Stocks, Dow, NASDAQ and S&P Nudge a Little Up, a Little Down Read More
In an effort to determine more methods of providing counseling for new homebuyers and troubled homeowners, the U. S. Department of Housing and Urban Development (HUD) has created a new Housing Counseling Federal Advisory Committee as mandated by the Dodd-Frank Act. Made up of three representatives from each of the …
Housing Counseling Advisory Committee Created by HUD Read More
A survey of 150 homebuyers by the National Association of Home Builders (NAHB) revealed they have remained consistent in their preferences for green features in their homes and their communities from 2007 to 2015. Similar to results from previous years, of those surveyed 90 percent said ENERGY STAR were important, …
Commercial Interest in Green Growing, but not for Home Buyers Read More
Three possible manufactured home (MH) siting requests were on the agenda for the City Council of Jourdanton (Texas) Board of Adjustment’s public hearing meeting May 16, as related to MHProNews by pleasantonexpress. The first was for a variance to the zoning ordinance to install a manufactured home at 1906 “A” …
UMH Properties, Inc. (NYSE:UMH) announces it will host three-time champion World Series pitcher Dwight “Doc” Gooden on June 18, 2016 at the manufactured home community owner’s Kinnebrook Estates in Monticello, New York. Gooden will sign fans’ sports memorabilia or a free photo of the storied pitcher that attendees will receive …
UMH Community Hosting Baseball Legend “Doc” Gooden ; UMH Chair to Present at NAREIT Read More
MHProNews has learned from rebusinessonline that John Chase of Tremont Realty Capital has arranged a $6.6 million refinance loan for Oakland Ridge MHC (manufactured home community) in Riverhead, New York, on Long Island. The non-recourse loan for the 100 home site community was structured with a ten-year term and a …
Tremont Realty Secures $6.6M refi for New York MHC Read More
In the news from CNNMoney: Car rental companies must repair recalled cars. 36,000 striking Verizon workers may affect monthly jobs report. Saudi Arabia invests $3.5 billion in Uber as it diversifies away from oil. Among some of the harshest critics of Trump University were people who once worked there. Jeff …
A longtime builder of surfboards in Australia, Nev Hyman became increasingly concerned about plastic waste he saw in the ocean, which led him to consider building inexpensive housing from recycled materials, as mashable informs MHProNews. Initially, he wanted to build homes using plastics, so he invested in a plastics recycling …
From Surfboard Builder to Sustainable Home Builder Read More
MHProNews has been notified by financialservices.house.gov that House Financial Services Committee Chairman Jeb Hensarling (R-TX), will outline the Republican plan for replacing the Dodd-Frank Act to stimulate economic growth in a speech to the Economic Club of New York on Tuesday, June 7. The meeting will be held at the …
Rep. Hensarling’s Talk will Lay Groundwork for Replacing Dodd-Frank Read More
In a letter to the city of Maple Ridge, British Columbia, Canada, B. C. Housing requested a second extension, this one for nine-months, to continue using the temporary housing shelter on Lougheed Highway, which would allow more time to prepare a more permanent modular housing facility, according to mapleridgenews. The …
Modular Homeless Shelter Planned for British Columbia Read More
Following a story MHProNews last posted May 11, 2016 regarding the sudden end of operations for Innovative Building Systems (IBS) and the fall out that closed Excel Homes, and Mod-U-Kraf Homes in Rocky Mount, VA, roanoke reports the Franklin Center in Rocky Mount held a support and job-seeking gathering for …
Employment Services Offered to Former Mod-U-Kraf Workers Read More
A team of designers and engineers from Daytona State College (DSC) and Embry-Riddle Aeronautical University (ERAU) in Florida–known as Team Daytona Beach–is building a solar-powered home as one of 14 international teams chosen to compete in the 2017 U. S. Department of Energy Solar Decathlon. The competition requires students to …
Modular Home on Tap as Students Partner to Prepare for Solar Decathlon 2017 Read More
Fans of 1970s TV shows may recall that James Garner played a private eye named Jim Rockford in The Rockford Files, and he lived in a pre-HUD Code home sited on a deserted parking lot in Paradise Cove with a view of the Malibu coastline. The deserted parking lot with …
In the news from CNNMoney: The three major indices all end up for the month of May. Glenn Beck suspended by Sirius XM because a guest intimated Donald Trump might be assassinated should he become president. Walmart criticized over factory conditions in Asia. Saudi Arabia seeks to borrow $15 billion. …
Drew Industries, Inc. (NYSE:DW) stock hit a new 52-week high Fri., May 27, $77.31, 44 cents shy of a ten dollar bill increase over the 50-day moving average of $67.63, and finally closing at $77.19. Brokerage analysts at Citigroup on May 20 issued a “buy” rating for the stock and …
Drew Hits New Stock High; Equity LifeStyle Properties Declares Dividend Read More
Claiming senior managers within her office bullied and demoted her for filing a complaint with the Equal Employment Opportunity (EEO) office, Angela Martin said in testimony before the House Committee on Financial Services that the Consumer Financial Protection Bureau (CFPB) had a “pervasive” culture of intimidation and hostility within the …
CFPB Director Cordray tells Whistleblower to have her Attorneys “Back Down” Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews that one of the last bills of the session that Gov. Terry Branstad signed, HF 2459, which makes last minute adjustments to state government funding, included revised language to prevent cities from filing liens against manufactured home communities where …
Iowa Manufactured Housing Association helps Guide Legislation Read More
Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in manufactured housing. However, financing costs are being driven up by the Consumer Financial Protection Bureau (CFPB) implementation of the Dodd-Frank law. Additionally, …
Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending Read More
