MHProNews has learned from fidaily that the common stock of UMH Properties, Inc. (NYSE:UMH) reached a 52-week high of $10.79 on Friday, March 18 before slipping -0.58 and ending at $10.07. The company recently declared a quarterly dividend of $0.18 per share, representing an annualized payment of $0.72 to shareholders …
What’s New in public focused Manufactured HomeLivingNews.com Surprising Solution, Roadblocks to U.S. Affordable Housing Crisis What’s New in Manufactured Housing Industry Professional News Manufactured home communities sell in VA, FL and MN. MHI insists GSEs make individual chattel loans. Letter to editor compliments MH. Community fined for violating Fair Housing …
Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016 Read More
In a letter to the Federal Housing Finance Agency (FHFA), the Manufactured Housing Institute (MHI) is pressing the government-sponsored enterprises (GSEs) to back chattel loans, which apply to manufactured homes (MH) not secured by real estate, according to nationalmortgagenews. “Requiring the GSEs to purchase chattel loans as part of their …
MHI Raps FHFA’s Duty to Serve Rule for not Aiding Individual Homebuyers Read More
While governmental officials, industry leaders and financial executives agree that manufactured housing (MH) is a solution to the problem of affordable housing in the nation—Julian Castro, head of the U. S. Department of Housing and Urban Affairs (HUD) calls MH a “vital solution for folks of modest means”–regulations imposed by …
MHI’s Dick Jennison, CFPB’s Richard Cordray on Manufactured Home Loan Regulations Read More
What’s New in public focused Manufactured HomeLivingNews.com Rancho El Mirage, new 55+ Manufactured Home Community Opening near Yuma, AZ What’s New in Manufactured Housing Industry Professional News New manufactured home community planned Down Under. Legacy Homes assumes building abandoned byRV/MH Hall home builder. Home show features MH. Ordinance to site …
Sunday Morning Recap-Manufactured Housing Industry News March 6, 2016-March 13, 2016 Read More
The 32-homesite Ladd Hill Mobile Home Park just became the 118th manufactured home community (MHC) in New Hampshire to convert from privately owned to resident-owned, as citizen informs MHProNews. Now called Ladd Hill Cooperative, Inc., the Belmont, NH community deal was finalized March 1, and the purchase price of $525,000 …
Another Manufactured Home Community in New Hampshire Converts to Resident-Owned Read More
What’s New in public focused Manufactured HomeLivingNews.com Rancho El Mirage, new 55+ Manufactured Home Community Opening near Yuma, AZ Tired of renting? Get the Scoop on Manufactured Homes What’s New in Manufactured Housing Industry Professional News American Dream lives. HUD Code production starts year strong. Patrick, Drew Industries acquire ancillary …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 28-March 6, 2016 Read More
In a letter to Melvin Watt, Director of the Federal Housing Finance Agency (FHFA), Rep. David A. Scott (D-GA) reminds Dir. Watt the Housing and Economic Recovery Act (HERA) pinpointed manufactured housing (MH) as an underserved market. Noting the importance of MH as a source of homeownership for millions of …
Rep. David Scott: GSEs should Purchase Chattel Loans Read More
Democratic National Committee (DNC) Chair Rep. Debbie Wasserman Schultz has teamed up with conservative lawmakers opposing Consumer Financial Protection Bureau (CFPB) regulations about predatory payday lending, feeding into a rift in the party already fractured by a bitter presidential primary. The agency is trying to disrupt the cycle of debt …
According to a survey by the American Bankers Association (ABA), the Truth-in-Lending/Real Estate Settlement Procedures Act integrated disclosures (TRID) that took effect Oct. 3, 2015, continues to leave a trail of vendor software problems, longer processing times, and closing delays that average eight days, although some have taken as long …
TRID Rule Continues to Hamper Mortgage Lending Industry Read More
Manufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED). But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds, …
Doug Ryan: Expand the Lending Opportunities for MH Buyers Read More
Millions of manufactured home MH owners and thousands of MH professionals are being adversely impacted by the current state of CFPB regulations. Yet the fog created by interest groups that oppose changes to Dodd-Frank or the Consumer Financial Protection Bureau (CFPB) current policies have slowed the progress in the Senate …
Cutting through Media Fog for Manufactured Home Owners and Pros Read More
What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U. …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More
The Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures rule, or TRID, that went into effect in Oct. has a slight typographical error in the supplementary information, as housingwire tells MHProNews. The section in question deals with the application of tolerances to property insurance premiums and taxes, homeowner’s association dues, …
What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More
Following a story MHProNews posted Jan. 14, 2016 regarding GSEs Fannie Mae and Freddie Mac’s multifamily loans for 2015, which totaled just under $90 billion, rebusinessonline reports CBRE was Freddie’s highest-producing multifamily mortgage seller with $6.96 billion in originations. Making the announcement at the Mortgage Bankers Association (MBA) convention in …
As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing …
Effective for mortgages with settlement dates after Jan. 4, 2016, a bulletin from Freddie Mac says as part of their initiative “to responsibly expand homeownership,” it is updating mortgage insurance requirements for Home Possible Mortgages. If an H P Mortgage is secured by a manufactured home, it will be subject …
Freddie Mac Updates Manufactured Home Mortgage Insurance Read More
Hitting a record high of nearly $90 billion in multifamily lending in 2015, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, are poised to hit another new lending record this year as their volume lending caps are adjusted by the government. Freddie Mac topped the two multifamily lenders …
The featured articles on the home page of MHProNews for the month of February are as follows. You Have A Bad Review! by Wayne Coakley. Marketing Category. Fair Housing Hunt! by Nadeen Green, JD. Fair Housing, Legal, Communities Category. MHPark Safety Inspections and Pride of Ownership, by Kurt Kelley, JD …
Fearless, Fix-It February 2016 Featured Articles and new Videos on MHProNews Read More
