Marketwatch points to the the opinion by some that America can win and ‘oil war’ with OPEC, which for now is leaving more money in the hands of U.S. and other consumers. Liberty Homes took the biggest dive in today’s factory-built housing connected stocks tracked by the Daily Business News, […]
Skyline and Sun Rise, Ditto MHCV, Dow, Nasdaq and S&P Read More
Mitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets said: “We are proud to announce our first ever K-Deal that includes a loan backed by a manufactured housing community asset.” MHProNews has learned from Marketwired that the non-recourse loans use Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities. The
Freddie Mac securitized financing for Manufactured Home Communities Read More
Commercial modular structures are non-residential buildings pre-fabricated in a production facility and then assembled on location for permanent installation. As in the case of residential modulars, commercial modulars use the same building materials that are used in conventional construction. So there is no loss of quality, in fact, both
DRM Investments use technology for enhanced Commercial Modulars Read More
Wells Fargo will pay $175 million in compensation to more than 30,000 minority borrowers who allegedly were steered into riskier, more expensive loans during the housing boom. US News tells MHProNews that the Deparment of Justice (DOJ) alleged the nation’s biggest residential home lender charged African-Americans and Latino borrowers higher rates
Think Loan Steering is no big deal? Wells Fargo Settles $175 Million case Read More
The ‘Pick 3’ will be a new, periodic feature here on the Daily Business News. The idea is to give you a snapshot of a stock, based on public information. But there is more… Many investors “discovering” the Walmart of quality, affordable manufactured housing are finding some surprises. In an
Pick Three – Manufactured Housing Stock Summary – Skyline, Cavco, Patrick – Dec 1, 2014 Read More
Black Friday sales slipped, which retailers say was actually a good sign, because buyers aren’t pressured to get the best deals. While the drop in crude oil has helped consumers to the tune of about $1,100 a year, OPEC pressure on North American shale production could hurt job creation too.
Manufactured Housing Composite slips, Black Friday and Dow Dips, big Oil drips Read More
Jim Pakulis, CEO of SearchCore, the parent company of manufactured housing retailer Wisdom Homes of America, announced today what one industry commentator called a “bold growth” vision.. Globewire carried Pakulis’ open letter, which says that after they spun-off the technology sides of their operations earlier this year, they made the
Jim Pakulis proclaims bold growth plan for manufactured housing retailing Read More
Council Members in Osage City, Kansas met and overrode the unanimous decision of their local zoning board about placement of manufactured homes in residential zoned areas. The discussion revolved around concerns by neighbors vs. the law. Bob Fairbanks, City Building Inspector, explained that “Cities were not allowing manufactured homes in
Council over-rides zoning, Manufactured Homes permitted in residential zoned areas Read More
The Wall Street Journal (WSJ) and HousingWire are among the media sources telling MHProNews that Fannie Mae and Freddie Mac will ease requirements on a variety of mortgage loans. The move is not thought to impact personal property (home only) manufactured home (MH) lending, but would apply to those MH loans
Relaxed lending standards to go into effect December 1, 2014 Read More
ABC News tells MHProNews that Massachusetts Democratic Senator, Elizabeth Warren is admired by liberal loyalists and doesn’t mind taking on anyone – including President Obama – when she thinks they are wrong. Warren is known as a key supporter – or Mama – of the agency that became the Consumer Financial
We’re starting another new Sunday Morning Weekly Recap. With your favorite morning beverage in your hand, you’ll see news on Skyline, ELS, DOE and their MH standards, allegations of falsified numbers on new home starts, luxury homes in Michigan MHCs, Louisville Show news and much more. Check out your headlines
Sunday Morning Recap for week November 23-29, 2014 Read More
MHProNews has learned that on November 25, 2014, the Skyline Corporation entered into an Indemnification Agreement with each of the directors of the Corporation. The Indemnification Agreement requires the Corporation to indemnify these individuals to the fullest extent permitted under Indiana law. According to a PRNewswire release, such agreements are subject to “certain
Skyline Enters Indemnification Agreement Read More
Dennis Hill and the Midwest Manufactured Housing Federation (MMHF) have announced two new seminars have been added to the 2015 Louisville Show business building and educational line up. The current plan is for there to be 6 sessions total. In 2014, most sessions were standing room only, so arrangements for
2015 Louisville Show adds 2 more Free Business Building & Educational Seminars! Read More
While manufactured and modular housing is far from shale oil- and gas-dependent, certainly there are boom markets where shale development created additional demand for workforce and other housing. In the big business of big oil, OPEC nations voted to squeeze U.S. shale oil producers, by seeking to move oil prices
OPEC votes to seeks to squeeze U.S. Shale, MH Composite Value Slips Read More
Many factors in the broader housing market directly or indirectly impact manufactured and modular housing, pointing to challenges as well as opportunities. Builderonline (BO) says that 2015 could be a turn around year, an “inflection point” for more first time buyers entering the home buying market. BO cited the National
2015 could be year first time buyers return to housing market Read More
Having a sustainable green home in today’s housing market can mean more than just having solar panels. It can often mean technology and better quality building components. With sustainability and energy key buzz words, homebuyers are often looking to minimize environmental impact and total financial outlays. This can be done
Gizmag says top sustainable housing includes prefabricated homes Read More
Who speaks for you in manufactured housing (MH)? Associations? Individuals? Corporations? There are many voices in MH, and with the Industry Voices (IV) guest blog, any MH Professional, enthusiast or aficionado can submit a letter to the editor or an OpEd guest column. Industry Voices is one of our most
Who Speaks for You in MH? Manufactured Housing’s Industry Voices Read More
M. Mark Weiss, JD, the incoming president for the Manufactured Housing Association for Regulatory Reform (MHARR), laments the Manufactured Housing Institute (MHI) stance on the proposed Department of Energy (DOE) standards for manufactured housing. The essence of MHARR’s position is that the DOE’s standards are far more costly than the
Incoming MHARR president calls on DOE Secretary to Reject Proposed MH Energy Standards Read More
Jobs and economic properity go hand in glove with home sales. What President Bill Clinton and his advisers understood, “It’s the economy, stupid,” may slowly be sinking into Democrats today after their mid-term electoral thrashing. New York Senator (D) Charles “Chuck” Schumer, speaking at the National Press Club this week was
The Manufactured Housing Industry is into year 5 of its recovery. For the next few moments, we will focus on a few facts like which should cause us to be grateful. “Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into
Happy Thanksgiving, Markets Closed Today Read More
