In the news from CNNMoney: U. S. dollar begins year strong. Gun investors love Obama. Saudi Arabia “cradle-to-grave” perks under threat. Incomes for whites in Chicago rose +33%; for blacks, incomes have dropped -4%, 1990-2012. Europe’s gun laws becoming more stringent. GM invests $500 million in Uber’s competitor Lyft. Tech …
According to a report released by the Government Accountability Office (GAO), as nationalmortgagenews tells MHProNews, the Dodd-Frank Act is expected to have a $100 million impact on the bottom lines of community banks and credit unions in the form of higher expenses and forgone revenues. Regulators continue to verify actual …
Government Accountability Office Evaluates Dodd-Frank Act Effects Read More
The overall amount of fraud risk in home loan documents has been falling, according to what scotsmanguide tells First American, having dropped by 8.2 percent year-over-year Nov., and down 1.3 percent from Oct. to Nov., 2015. First American’s Loan Application Defect Index has dropped 23.5 percent since it reached its …
This graphic from the Virginia Manufactured and Modular Housing Association (VAMMHA) offers a slightly different view of the shipments of HUD Code homes, comparing 2014 to 2015, and broken down into categories. As MHProNews understands, the entire report, from the Institute for Building Technology and Safety (IBTS) is broken down …
In Depth Overview of HUD Code Production for November Read More
According to themortgagereports, home values have reached new highs for the first time in eight years, since early 2007, but not adjusted for inflation. The Federal Housing Finance Agency (FHFA) publishes the Home Price Index (HPI) which reveals that property values rose +0.5 percent in October, marking the 23rd consecutive …
Mortgage Application Approvals and Home Values Rise Read More
In the news from CNNMoney: Gold rises on global fear. Oregon is the number one destination state for people moving. New York state will pay up to two years of student loan bills for residents. Volkswagen may have to pay $18 billion in U. S. fines. Fears of China’s manufacturing …
No Covered MH-related Stock Gains as the Dow Hits the Skids Read More
MHProNews has learned that usmodularinc reports Europeans have been eying the U. S. housing market for years with their improved technology in the area of prefabricated homes, and have begun to jump in, much like the Japanese did with small, high mileage, inexpensive cars. Eschewing converting an existing building to …
U. S. Modular Home Builders need to Sharpen their Saws Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics from the Department of Housing and Urban Development (HUD) indicate the production of HUD Code manufactured homes in Nov. grew 20.6 percent above Nov. 2014, 5,980 over 4,955 last year. On the year, cumulative production stands at 64,887 …
According to a document filed with the Securities and Exchange Commission, MHProNews has learned from dakotafinancialnews Jeffrey L. Et Al Gendell has sold another block of Patrick Industries, Inc. (NASDAQ:PATK) stock. As recorded Dec. 29, 25,000 shares were sold at an average price of $43.01, for a total transaction value …
What’s New in public focused Manufactured HomeLivingNews.com College Education Made In Perpetuity – The Kalamazoo Promise; Von Washington Jr – where Affordability and Quality of Life Meet Home/Manufactured Home Article/Lies, Advocacy Journalism and Statistics – Seattle Times/BuzzFeed Attacks, Warren Buffett’s Clayton Homes Defends – charges of Racism and Discrimination – …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016 Read More
MHProNews has learned from wave3 that Kentucky-based SSK Communities has acquired two manufactured home communities (MHCs) in Evansville, IN comprising 1,100 home sites, both of which will have new names. Eastbrook Manufactured Housing Park will become Waterford Pointe, and Westbrook Manufactured Home Park will be renamed Grandin Pointe. SSK partner …
SSK Adds Two Manufactured Home Communities in Indiana Read More
Adding to the growing number of resident-owned manufactured home communities (MHC) in New Hampshire, Green Meadows Mobile Home Park in Concord has become Freedom Village Cooperative after the residents banded together and purchased the community for $4.25 million, the same price a third party had offered owners James and Kathy …
Manufactured Home Community becomes Co-op in New Hampshire Read More
In a disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned that on Dec. 24, 2015 Jeffrey L. Et Al Gendell unloaded another block of Patrick Industries, Inc. (PATK) stock. The 15,431 shares were sold at an average price of $42.07 for a total value of $645,395.87, …
While the U. S. stock exchanges are closed today in honor of New Year’s Day, MHProNews is offering a comparison of MH-related stocks we cover daily from Jan. 1. 2015 to Dec. 31, 2015. The first quote shown for each stock is from Jan. 1, 2015, the second is from …
Stock Markets Closed Today; Peruse 2015 in MH-Related Stocks Read More
In the news from CNNMoney: Nearly 70 percent of investors lost money in 2015. AT&T getting rid of two-year contracts. Oil dropped three percent to just below $36.50/bbl. BBC hit with cyberattack. Servers at Brooklyn restaurant will receive $27/hr, no tips. George Lucas apologizes for comparing Disney to ‘white slavers.’ …
The Consumer Financial Protection Bureau (CFPB) gave lenders a slight reprieve on the Know Before You Owe rule that provides borrowers with all the charges, fees and line items three days before closing instead of at closing, saying they will not be held accountable for most minor errors in loan …
Lenders Receive Reprieve on Minor Errors in Closings Read More
According to builderonline, the National Association of Home Builders (NAHB) reports the National Association of Realtors (NAR) Pending Home Sales Index (PHI) slipped 0.9 percent from Oct., although it is still 2.7 percent ahead of last year at this time. The drop is considered to be more seasonal than substantive. …
In insider trading, Chales E. Lott, president of Fleetwood Homes, a division of Cavco, Industries (CVCO), sold 1,516 shares of company stock at an average price of $95.25 per share for a transaction valued at $144,399.00. He currently owns 2,000 shares of the company with a value of $190,500, according …
A memorandum from Dick Jennison, Manufactured Housing Institute President and CEO, informs MHProNews that PBS NewsHour has set Sat., Jan. 2 to air its story on the manufactured housing industry. The story has already been delayed, and it may be delayed again depending upon news priorities. MHI expects the segment …
In the news from CNNMoney: Pollution in New Delhi worse than in Beijing, as 1,400 cars are added to the streets daily. Puerto Rico defaults again. Oil prices fell another three percent. Colorful Star Trek and NASA stamps due in the New Year. Five countries damaged by low oil prices: …
Skyline Lives up to its name, Surging 31.58 Percent Read More
