A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. Manufactured, modular and prefabricated home …
News/Analysis. The Duty to Serve (DTS) is widely seen as important for the future of manufactured housing financing by sellers, and for refinancing with personal property loans made more widely available for manufactured home consumers. The DTS issue is not without controversy, as commentary by M. Mark Weiss of MHARR …
Mortgages are a complicated thing. Between bad loan quotes, potentially having to commit in advance of information verification, and “Lock Abuse,” which is a lock price that is above the lender’s posted price at the time of commitment, the home loan market is prime for a change. Jack Guttentag, also …
A Solution for the Dysfunctional Home Loan Market? Read More
Throughout the 2016 presidential campaign, Donald Trump was very clear on one thing he wanted to change – regulations. President Trump talked about the Obama-era financial regulations, including Dodd-Frank, as “bad for business” and responsible for the nation’s slow growing economy. For many, the President’s anti-regulatory stance is a …
Trump’s Regulation Cuts Could Have Major Impact on MH Read More
A new year, a new month, and a new set of featured articles are found on the MHProNews.com home page. Our theme for will be posted on the Masthead blog Tuesday. More Featured Articles will be posted Tuesday, including addtional ones that are upcoming trade show related. To see the …
“Right now, there is an incredible amount of pressure to sell just about every type of currency and buy the dollar,” Financial Stock Market (FSM) reports that Sunrise Capital Partners LLC, chief investment officer Christopher Stanton said. The Wall Street Journal (WSJ) said, “On Wall Street, the rising dollar has …
It’s Not Just Stocks – Dollar Energized, Moving Up vs World Currencies – MH Impact? Read More
Coming out in support of a government commissioned review, Zing Mortgages director Paul Flavin said that the introduction of a more affordable modular housing package was needed to encourage investors to return to a market where some yields in the United Kingdom (UK) have fallen to unsustainable lows. “I am …
As you no doubt have heard, we’re just a little over a month away from a big U.S. presidential election. Whether you’re watching cable or network news on TV, or are reading political articles online, it’s hard to avoid seeing that all-important electoral collage map. While the pundits break down …
Realtor Spotlights Red vs Blue States, MH and Housing Read More
Equity Lifestyle Properties, Inc. (NYSE:ELS) stock was down 1.74% on September 30th, hitting a price of $77.18, which has raised concerns for some traders who wonder – is part of a new pattern? According to the Press Telegraph, analysts expect earnings of $0.83 per share, which would be an increase …
ELS Shares Down, Bank of Montreal Acquires New Stake Read More
Noteworthy headlines on CNNMoney – FUBU CEO Stop and Frisked “Maybe 20 Times. U.S.: Wells Fargo Mistreated Military Members. WSJ Columnist Calls Trump “Unstable.” Why The Federal Reserve Isn’t Political. From WSJ: Ghost of Lehman Brothers Haunts Deutsche Bank. Some bullets from MarketWatch – ‘Housing party’ in the U.S. may be coming …
COAP, Inc. recently joined the SmartMH KY™ program, a strategic alliance of the manufactured housing industry producers, lenders, retailers, utilities, non-profits and stakeholders who’ve made it their mission to make ENERGY STAR™ homes more accessible via better loans throughout Kentucky, the Harlan Daily Enterprise reports. COAP’s mission, per their website, …
“U.S. Manufacturing Hits Rough Spot in Possible Warning on Growth,” says Bloomberg, which also notes that “It’s Hard to Overstate How Quiet Stock Markets Are Right Now.” In the wake of their spectacular explosion on the launch pad, CNBC asks – “Why was Facebook launching a satellite?” The three main …
AMG sliding, MHCV rising, Other Markets Close Mixed Read More
U.S. stocks are adjusting to an expected Federal Reserve rate hike, MarketWatch reports. CNBC, which was panned for its GOP primary debate moderation in 2015, is now playing the role of cheerleader for Hillary Clinton’s presidential hopes, saying Wall Street expects her to win over Trump in November. Trump ally, …
Manufactured Housing CompValue slips, 3 Markets Rise, but Oil Retreats Read More
Investment management leader, Robert Robotti’s firm acquired 15,865 additional shares in Cavco Industries during the most recent quarter end according to SEC filings, reports TradeCalls. That places the firm’s total stake in the #2 producer of HUD Code manufactured homes at $18,886,291, or about 6.41% of Robotti’s portfolio. Other hedge …
Robert Robotti’s stake in Cavco Industries (CVCO) Grows, Stock hovers at 52 Week High Read More
The purported road-to-home ownership cloaked as “Rent to Own” is often found to be harmful and misleading, reports The New York Times. Although housing prices have recovered from the financial collapse of 2008, borrowers with less than stellar credit reports and those seeking to finance lower priced properties are left …
NYT – Rent to Own Houses Blur Lines, can harm Tenants Seeking Ownership Read More
According to indiancountrytodaymedianetwork, the 2015 Home Mortgage Disclosure Act reveals Quicken Loans of Michigan has replaced Wells Fargo Bank as the top lender to Native Americans with $283 million in lending. San Francisco-based Wells slipped to second place with $276 million in lending, while Mid America Mortgage of Addison, Texas …
Native Americans Rack up $1.7 Billion in Mortgages as of Aug. 11 Read More
While Sen. Elizabeth Warren(D-Mass.) sings the praises of the six-year-old Dodd-Frank Act, saying, “If a bank screws up, you have someone to call so you don’t get stuck with the bill,” in fact, consumers get stuck with the bill whether a bank makes mistakes or not. The American Action Forum, …
Dodd-Frank Inspired Regulations Harming the Poor at Bank and Check-out Counters Read More
What’s New in public focused Manufactured HomeLivingNews.com Tiny Houses Owners face Big Legal Trouble? What’s New in Manufactured Housing Industry Professional News Financial Services Committee says Dodd-Frank is damaging. YES! Communities redistributes assets. Private enterprise ready to supply modular buildings to flooded LA. MHI, MHARR spar with DOE, as MHI …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 14-Aug. 21, 2016 Read More
While the White House continues to claim that regulations coming from Dodd-Frank are not having an negative effect on community banks, credit union leaders, community bankers and small business owners are saying quite the opposite, according to fsc.gop.press. A report from Bloomberg states mergers and acquisitions hit $18 billion last …
Financial Services Committee Slams Dodd-Frank as Damaging Read More
Schwab Charles Investment Management Inc. has upped its stake in manufactured home community (MHC) owner Equity LifeStyle Properties, Inc. (NYSE:ELS), buying 149,218 shares during the last quarter, increasing its holdings in ELS by 15.2%. The firm increased its investment by $25,243,000 to $90,756,000, as fidaily reports. Hedge Fund Cohen & …
Hedge Fund Investors Bustling over Equity LifeStyle Properties Read More
