Author name: MHProNews

Manufactured Housing Grassroots Reports by state Read More

Manufactured Housing Grassroots Reports by state

By MHProNews / November 19, 2014 / Manufactured and Modular Housing News

Rick Robinson, general counsel for the Manufactured Housing Institute, tells MHProNews about two bills pending in Michigan, as well as other legislative topics from around the U.S. of general or specific interest to manufactured housing professionals. Robinson says that the Michigan Manufactured Housing Association’s Executive Director, Tim DeWitt “informs us

Release of FED minutes send stocks lower, Skyline rises while most others slide Read More

Release of FED minutes send stocks lower, Skyline rises while most others slide

By MHProNews / November 19, 2014 / Manufactured and Modular Housing News

Marketwatch tells MHProNews that divisions inside the Federal Reserve about the timing of rate hikes and other financial issues moved investors in the down direction in trading today. Dow 17,685.73 -2.09 -0.01%. Nasdaq 4,675.71 -26.73 -0.57%. S&P 500 2,048.72 -3.08 -0.15%. The Yahoo! Finance Manufactured Housing Composite Value (MHCV): 566.9 Today’s

FHA loan performance and fund improving, report replete with irony for Manufactured Housing Lenders Read More

FHA loan performance and fund improving, report replete with irony for Manufactured Housing Lenders

By MHProNews / November 19, 2014 / Manufactured and Modular Housing News

The Federal Housing Administration (FHA) recent actuarial report shows that the mortgage insurance fund is back in the black. FHA Title II loans are used for the financing of manufactured and modular homes as well as conventional housing. NationalMortgageNews informs MHProNews that “the FHA’s Mortgage Insurance Fund reached a 0.41%

Residential Warranty and MHWC welcome New MH focused Account Executive, Ron D’Ambra Read More

Residential Warranty and MHWC welcome New MH focused Account Executive, Ron D’Ambra

By MHProNews / November 19, 2014 / Manufactured and Modular Housing News

Ron D’Ambra, recently with Professional Warranty Service Corporation (PWSC) that exited the manufactured housing space, has joined and completed his initial orientation with MHWC and RWC in Harrisburg, PA. D’Ambra is a well know personality in manufactured housing, with 15 years in the industry. Evidence of the respect he has

Another Manufactured Housing Industry News Announcement Pending Read More

Another Manufactured Housing Industry News Announcement Pending

By MHProNews / November 19, 2014 / Manufactured and Modular Housing News

Just as MHProNews heard about the plans for U.S. Bank to exit from manufactured housing direct lending in advance of the announcement, so too we’re hearing from informed sources about another planned announcement expected as soon as this week. In fact, we’ve been hinting about the plans for this anticipated

Modscape says its Tintaldra House operates completely off the grid Read More

Modscape says its Tintaldra House operates completely off the grid

By MHProNews / November 19, 2014 / Manufactured and Modular Housing News

Resembling shipping container housing, the single module Tintaldra House by Modscape claims to be completely off the grid. Built for a vacation cabin, the owner uses it for a few months each year, Jetson Green tells MHProNews. Sited in a remote area, the home had to be designed for long

Healthcare gouging? Stocks rise, Manufactured Housing Composite rises too Read More

Healthcare gouging? Stocks rise, Manufactured Housing Composite rises too

By MHProNews / November 18, 2014 / Manufactured and Modular Housing News

Marketwatch asks is the public getting gouged by ObamaCare? The New York Times says there is a clear alliance between the Administration and health insurance firms – both of which think they’re benefiting – and health stocks indeed continue to rise. Some investors think Apple could become the first trillion

Affordable Housing – Debts, Deficits, Public Policy and the Manufactured Housing Solution? Read More

Affordable Housing – Debts, Deficits, Public Policy and the Manufactured Housing Solution?

By MHProNews / November 18, 2014 / Manufactured and Modular Housing News

CNN Money tells MHProNews that when the new Congress is seated in 2015, Jeff Sessions R-Alabama, may chair the Senate Budget Committee. Sessions has expressed interest in a plan to balance the budget in 10 years. House budget veteran, R-WI Paul Ryan, produced a plan that would do that, with

Sinkholes in Manufactured Home Community and nearby draws national attention Read More

Sinkholes in Manufactured Home Community and nearby draws national attention

By MHProNews / November 18, 2014 / Manufactured and Modular Housing News

NBC News has been among the national media who’ve reported on the sinkholes in and near Holiday manufactured home community in Pasco County, near Tampa FL. The first hole formed last week and was so large it swallowed a car, the vehicle being removed from the hole shown in the

Castro video interview touts FHA improvements, plus calls for GSE reform, pointing to bill promoted by MHARR Read More

Castro video interview touts FHA improvements, plus calls for GSE reform, pointing to bill promoted by MHARR

By MHProNews / November 18, 2014 / Manufactured and Modular Housing News

Secretary of Housing and Urban Development (HUD) Julian Castro said in an interview with Bloomberg TV that for many responsible Americans it is “too difficult” to get a home loan today. Castro reminded viewers with a smile that Ben Bernanke couldn’t get a home loan refi done, due to too

Bill gives more local control of manufactured home communities to local governments Read More

Bill gives more local control of manufactured home communities to local governments

By MHProNews / November 18, 2014 / Manufactured and Modular Housing News

HB 5513 would give local governments more control over ‘troubled’ manufactured home communities, MHProNews is told by the Lansing State Journal (LSJ). Fostered by the reaction to what happened with the condemnation of the Life O’Riley Mobile Home Park & Campground in Lansing, WZZM13 says the bill passed the

“You shouldn’t have to be a lawyer to run a business in America today…” Read More

“You shouldn’t have to be a lawyer to run a business in America today…”

By MHProNews / November 17, 2014 / Manufactured and Modular Housing News

…but that’s about where we are.” So says Heritage Foundation Economist David Burton, who explains that the Securities and Exchange Commission’s (SEC) own numbers makes it clear that it takes $2.5 million dollars to access the public capital market, and another $1.5 million in legal fees. The comments were evoked

Manufactured Home Communities mostly up with the DOW, but MH Composite slips Read More

Manufactured Home Communities mostly up with the DOW, but MH Composite slips

By MHProNews / November 17, 2014 / Manufactured and Modular Housing News

The FED may not hit its target until 2016, news encouraging investors to keep the nearly 6.5% rise year-to-date on the Dow advancing. But that didn’t boost the MH Composite Value, which slid in today’s trading, while manufactured housing land lease communities (aka “mobile home parks”) did better overall. Dow 17,647.75

Hefty fines prove risks of Violating the CFPB’s LO Comp Rules Read More

Hefty fines prove risks of Violating the CFPB’s LO Comp Rules

By MHProNews / November 17, 2014 / Manufactured and Modular Housing News

Ari Karen, writing in National Mortgage News reports a consent order that the Consumer Financial Protection Bureau (CFPB) has entered into a consent decree with Franklin Loan Corporation. The decree mandates the company to pay $730,000 in fines, based upon the allegation that Franklin improperly paid 32 loan officers bonuses.

Manufactured Home Community REIT, Equity LifeStyle Properties, Inc. (ELS), given buy recommendation Read More

Manufactured Home Community REIT, Equity LifeStyle Properties, Inc. (ELS), given buy recommendation

By MHProNews / November 17, 2014 / Manufactured and Modular Housing News

WallStreetScope tells MHProNews that Equity LifeStyle Properties, Inc. (ELS) closed Friday at $48.55, a change from open of 0.41% ($0.12 per share). Equity LifeStyle Properties, Inc. (ELS) had a weekly performance of -1.64%, a monthly performance of 9.92%, and a quarterly performance of 9.42%. Equity LifeStyle Properties, Inc. (ELS) is

3 New 2015 Board Members Elected to RV/MH Heritage Foundation Read More

3 New 2015 Board Members Elected to RV/MH Heritage Foundation

By MHProNews / November 17, 2014 / Manufactured and Modular Housing News

At its recent RV/MH Heritage Foundation board meeting, Darryl Searer was re-elected treasurer and also elected chairman of the board. Searer also serves as president. In addition, the board elected three new members to the board of directors and also elected its executive committee, according to Searer, president. (* Asterisk