Finance

House Reaffirms Support for MH by Defeating two Potentially Crippling Amendments

By / July 8, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

The Manufactured Housing Institute (MHI) and the Indiana MH Association informs MHProNews that in the U. S. House of Representatives, two amendments to the Fiscal Year 2017 Financial Services Appropriations bill were defeated that would have stripped language from the bill that make necessary changes to the Dodd-Frank Act in …

House Reaffirms Support for MH by Defeating two Potentially Crippling Amendments Read More

Northpoint Commercial Finance Expands

By / June 29, 2016 / Announcements, Business, Company News, Finance, Manufactured and Modular Housing News, People

A diversified finance company that provides flexible inventory lending and floor plan financing solutions, Northpoint Commercial Finance has hired two new Directors of Business Development to its Field Sales Organization. With a strong background in floor plan financing, and 20 years overall in financial services, Richard Derbonne comes to the …

Northpoint Commercial Finance Expands Read More

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American Banking News – Key MHI Staff “Excoriated” for Failing Their Mission, Members

By / June 30, 2016 / Advocacy, Business, Factory-Built Homes, Finance, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

With Dodd-Frank, financing and CFPB related issues routinely on the minds of manufactured housing industry professionals, The Daily Business News  has learned from American Banking News the following report on the Manufactured Housing Institute (MHI), which is made available below. “The Manufactured Housing Institute has been leading the campaign to bring more …

American Banking News – Key MHI Staff “Excoriated” for Failing Their Mission, Members Read More

Sunday Morning Recap-Manufactured Housing Industry News June 19-June 26, 2016

By / June 25, 2016 / Advocacy, Announcements, Business, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Entry Level v Residential Style Manufactured Homes, Modular Homes and MH Appraisals – Tom Papszycki, Arrowhead Homes – Inside What’s New in Manufactured Housing Industry Professional News Louisiana Approves 336 home site MH community. Polish modular builder marketing in Sweden. Oregon legislator tryhing …

Sunday Morning Recap-Manufactured Housing Industry News June 19-June 26, 2016 Read More

Freddie Mac may Finance Rental-only Community for UMH

By / June 24, 2016 / Business, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

In a video interview at REITWeek 2016:NAREIT’s Investor Forum, Sam Landy, President and CEO of UMH Properties, Inc. (NYSE:UMH), commenting on the 31 percent increase in core funds from operations (FFO) in Q1 2016, said: “It’s what we have been planning going back about six years when we started doing …

Freddie Mac may Finance Rental-only Community for UMH Read More

Appropriations Bill Amendment will Provide Access to MH Financing

By / June 21, 2016 / Advocacy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

An amendment sponsored by Rep. Chuck Fleischmann (R-Tenn) and passed by the House Appropriations Committee is designed to strengthen access to safe, affordable and available financing for manufactured homes while preserving important consumer protections, according to what the Manufactured Housing Institute (MHI) tells MHProNews. Passed by a bipartisan vote of …

Appropriations Bill Amendment will Provide Access to MH Financing Read More

Measure would Replace Dilapidated Manufactured Homes in NY

By / June 17, 2016 / Advocacy, Business, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

A bill that passed in the New York State Senate, sponsored by Sen. Betty Little (R-Queensberry), would fund a home replacement program for qualifying state residents who have older, dilapidated mobile and manufactured homes, and own the property. The replacement units would be new, affordable energy-efficient units, according to adirondackdailyenterprise, …

Measure would Replace Dilapidated Manufactured Homes in NY Read More

House GOP Aiming to Lift Crippling CFPB Regulations

By / June 15, 2016 / Advocacy, Business, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes

Dubbed “A Better Way,” House Republicans stated the red tape of bureaucracies has gotten out of hand, and they have proposed rules easing the drilling for oil, coal mining, governing internet traffic and promoting small business employment, according to what washingtontimes tells MHProNews. House Speaker Paul Ryan (R-WI), in presenting …

House GOP Aiming to Lift Crippling CFPB Regulations Read More

Frank Rolfe, Bob Crawford Video Comments on Current and New MH Association

By / June 13, 2016 / Advocacy, Business, Communities, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

In a video presentation, Frank Rolfe, a partner with Dave Reynolds in Mobile Home University, RV Horizons and MHP Funds, says he can call his congressional representative in Missouri and find out the chances of legislation passing that could positively affect the manufactured home industry, like altering Dodd-Frank. Since it …

Frank Rolfe, Bob Crawford Video Comments on Current and New MH Association Read More

Sunday Morning Recap-Manufactured Housing Industry News June 5-June 12, 2016

By / June 11, 2016 / Advocacy, Announcements, Awards, Business, Canada, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Media Should Re-Visit Dodd-Frank Reporting in Light of Congressional Testimony Modular Versus Manufactured Homes: Which Is Right for You?   What’s New in Manufactured Housing Industry Professional News Lake Villa MH community sells for $11.3 million. HUD Code production climbs 9.9% in April. …

Sunday Morning Recap-Manufactured Housing Industry News June 5-June 12, 2016 Read More

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Congressional Testimony Negates Sensationalized Charges of Predatory Lending

By / June 11, 2016 / Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

With all the negative publicity swirling around alleged predatory lending for purchasers of manufactured homes by the Seattle Times, National Public Radio and BuzzFeed within the last year, it’s time the media paid attention to congressional testimony that refutes these notions, according to L. A. “Tony” Kovach, publisher of MHLivingNews …

Congressional Testimony Negates Sensationalized Charges of Predatory Lending Read More

Montana Resident-owned Community Getting Affordable Water System

By / June 6, 2016 / Business, Communities, Finance, Manufactured and Modular Housing News, Manufactured Homes

The resident-owned Trailer Terrace manufactured home community (MHC) just outside Great Falls, Montana is set to have its water system totally redone compliments of $1 million in funds from the State Revolving Loan Fund Loan Program. The money was previously approved for the community through the South Winds Water and …

Montana Resident-owned Community Getting Affordable Water System Read More

New CFPB Ruling Broadens Lending in Rural Areas

By / June 6, 2016 / Announcements, Business, Economy, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

For many years rural housing issues have been to the housing market what middle America has been to the east and west coasts—the flyover zone. Eighty percent of U. S. land is rural comprising just 20 percent of the population, says CoreLogic‘s Faith Schwartz, adding that rural housing is “a …

New CFPB Ruling Broadens Lending in Rural Areas Read More

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Manufactured Housing Institute members react-Allegations of Misleading MHI Housing Alert

By / June 5, 2016 / Advocacy, Finance, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

MHProNews has been fielding industry responses via email, phone and text to the report and analysis linked below. Why did 4-9-2016 MHI Housing Alert mislead Association and industry members? Based upon early feedback, MHProNews sent the following inquiry to MHI members for their response. The inquiry included the link above, …

Manufactured Housing Institute members react-Allegations of Misleading MHI Housing Alert Read More

Manufactured Home Lender Opening Branch in Jupiter, Fla.

By / June 2, 2016 / Business, Company News, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

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

Tremont Realty Secures $6.6M refi for New York MHC

By / June 1, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

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

Rep. Hensarling’s Talk will Lay Groundwork for Replacing Dodd-Frank

By / June 1, 2016 / Announcements, Events, Finance, Legal, Legislation, Manufactured and Modular Housing News, People

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

Drew Hits New Stock High; Equity LifeStyle Properties Declares Dividend

By / May 31, 2016 / Business, Communities, Company News, Finance, Manufactured Homes

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

mhi photo credit mh under production posted MHProNews.com

Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending

By / May 31, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

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

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016

By / May 28, 2016 / Advocacy, Announcements, Awards, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com NeighborWorks, Clayton Homes Partner with Next Step Homes in Waco, Texas How a Professional Couple saved $100,000 on a New Home in Tennessee What’s New in Manufactured Housing Industry Professional News MH Communities closing in Minnesota, New York. Cavco stock closes above $100. …

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016 Read More

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