Finance

MHI’s Lesli Gooch Underscores the Need for GSE’s Purchase of Chattel Loans

By / February 1, 2016 / Advocacy, Business, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

Writing for nationalmortgagenews, the Manufactured Housing Institute’s (MHI) senior vice president for government affairs, Lesli M. Gooch, noting the average price of a new manufactured home is $64,000 as compared to a new site-built home price of $374,100, states manufactured housing presents the single most affordable option for lower income …

MHI’s Lesli Gooch Underscores the Need for GSE’s Purchase of Chattel Loans Read More

Survey Reveals Millennials Maintain Belief in American Dream

By / February 1, 2016 / Economy, Finance, home buyers, Manufactured and Modular Housing News, People, Trends

According to a study commissioned by the American Modern Insurance Group (AMIG), 81 percent of millennials still view home ownership as part of the American Dream, in the survey of 1,000 respondents from the greater San Francisco area. The millennials (ages 18-34) were more interested in owning a home than …

Survey Reveals Millennials Maintain Belief in American Dream Read More

Policy Institute says Dodd-Frank is a Bust

By / February 1, 2016 / Business, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

The American Action Forum (AAF) has determined there has been a 20.5 percent drop in community banks with assets under $1 billion dollar in assets since Dodd-Frank became law five + years ago, according to data supplied MHProNews by the Federal Deposit Insurance Corp (FDIC). That is a substantial increase …

Policy Institute says Dodd-Frank is a Bust Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016

By / January 31, 2016 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with Don Glisson, Jr. of Triad Financial Services. Another media attack on manufactured housing? Residents of Florida city opposes modular homes. HUD sets up more …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 Read More

SeattleTimesNextRoundofManufacturedHousingMediaWar

Next Negative Media Freight Train is Coming towards Manufactured Housing

By / January 30, 2016 / Business, Factory-Built Homes, Finance, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes

A number of informed sources are telling MHProNews that the Seattle Times is about to launch their next story targeting Berkshire Hathaway companies and through them, the manufactured housing industry. According to the most recent of these sources, their next story on manufactured housing could be published “any day now.” …

Next Negative Media Freight Train is Coming towards Manufactured Housing Read More

DonGlissonJrTriadFinancialServicesChairmanCEO-postedDailyBusinessNews-MHProNews-com

Don Glisson Jr., Triad Financial Services Chairman, Manufactured Home Lending, 2016 Louisville Show Video Interview

By / January 30, 2016 / Communities, Factory-Built Homes, Finance, Louisville Show, Manufactured Homes, People, regulation, Trade Shows

As some 1500 attendees know, it was cold outside, but climate controlled inside the 2016 Louisville Manufactured Housing Show. MHProNews caught up with Don Glisson Jr., Chairman of Triad Financial Services during the show, and found a quiet room to do the exclusive video interview you see below. Triad originates …

Don Glisson Jr., Triad Financial Services Chairman, Manufactured Home Lending, 2016 Louisville Show Video Interview Read More

Wells Fargo has money in Manufactured Home Community Owner UMH

By / January 31, 2016 / Business, Company News, Finance, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

In a Schedule 13G/A Disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned Wells Fargo & Company owns 6.3 percent of manufactured home community owner UMH Properties, Inc. The 1,697,525 shares of stock are valued at $16,126,488. UMH stock has a one-year low of $9.01 and a …

Wells Fargo has money in Manufactured Home Community Owner UMH Read More

Block Grant Funds available for Manufactured Home Repair

By / January 24, 2016 / Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has been informed by redrocknews that the city of Sedona, Arizona, will receive $309,000 in federal Community Development Block Grant (CDBG) funds for a citywide housing rehabilitation program. The funds are aimed at helping moderate-to-low-income homeowners make needed health and safety upgrades to their homes. Manufactured homes are included …

Block Grant Funds available for Manufactured Home Repair Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 17 -Jan. 24, 2016

By / January 23, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Louisville Show, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, RV, Trade Shows

What’s New in public focused Manufactured HomeLivingNews.com Reality Check – Living Better When Quality Living Costs Less Outside the Box: Inventing New Looks for Manufactured Homes What’s New in Manufactured Housing Industry Professional News Manufactured Housing Administrator Danner speaks at Louisville. What could slow retail sales mean for manufactured housing. …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 17 -Jan. 24, 2016 Read More

Existing Home Sales hit Nine-year High

By / January 23, 2016 / Business, Economy, Finance, home buyers, Manufactured and Modular Housing News

In the largest monthly increase the National Association of Realtors (NAR) has ever experienced, sales of existing homes spiked 14.7 percent in Dec., putting a shining finish on the end of the year with 5.26 million previously-owned homes sold in 2015, the best year since 6.48 million homes were sold …

Existing Home Sales hit Nine-year High Read More

Sun Communities Distributes Dividend

By / January 18, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has learned from equitiesfocus that Sun Communities, Inc. distributed a dividend of $0.65 per share to its shareholders of record as of Dec. 31, 2015. The payout date was Jan. 15, 2016, and was the same amount as the dividend last year. Earnings per share (EPS) one year ago …

Sun Communities Distributes Dividend Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016

By / January 17, 2016 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation

What’s New in public focused Manufactured HomeLivingNews.com Bad and Good – Two Sides – Manufactured Home Living and News Reporting What’s New in Manufactured Housing Industry Professional News Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016 Read More

New Tax Law will only Increase Affordable Housing Units Tepidly

By / January 15, 2016 / Business, Economy, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, People, Trends

Amid the pressing need for affordable housing in this country, as rents rise and incomes remain static, a federal tax law enacted last month may lead to the increased production of affordable rental housing, although the rise may be minimal, according to what housing experts tell nationalmortgagenews. A part of …

New Tax Law will only Increase Affordable Housing Units Tepidly Read More

Government Sponsored Enterprises Grew Multifamily Loans in 2015

By / January 14, 2016 / Business, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

GSEs Fannie Mae and Freddie Mac both increased their multifamily loans and credit enhancements business in 2015, totaling $89.6 billion on the year. Freddie edged out Fannie in volume, with Freddie writing $47.3 billion, a 67 percent increase from 2014’s $28.3 billion, while Fannie reported $42.3 billion, a 46% increase …

Government Sponsored Enterprises Grew Multifamily Loans in 2015 Read More

Why did Ishbel Dickens/NMHOA decline a Debate with Carla Burr about PBS NewsHour’s Manufactured Housing Report?

By / January 14, 2016 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, People

Opening with an analysis about the dynamics behind mainstream media coverage, MHLivingNews publisher L. A. ‘Tony’ Kovach used that to focus attention on the recent PBS NewsHour report that featured Carla Burr, titled Bad and Good – Two Sides – Manufactured Home Living and News Reporting. Kovach reminds us of the rule of …

Why did Ishbel Dickens/NMHOA decline a Debate with Carla Burr about PBS NewsHour’s Manufactured Housing Report? Read More

Unique Homes may be Tough to Finance

By / January 13, 2016 / Business, Factory-Built Homes, Finance, Green, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

Mortgage lenders are reluctant to finance unusual residences because they are difficult to appraise, and if they should fall into foreclosure, they are tough to sell, according to themoretgagereports. The article includes a manufactured home with a couple of barns on ten acres as an unusual asset to evaluate, and …

Unique Homes may be Tough to Finance Read More

UMH to Release Financials in March

By / January 13, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from prnewswire that real estate investment trust (REIT) UMH Properties, Inc. (NYSE:UMH) will release its fourth quarter and 2015 year-end financial results on Wed., March 9, 2015 following the close of the New York Stock Exchange. Senior management will discuss the results the following day, Thurs., March …

UMH to Release Financials in March Read More

Democratic Lawmakers want DOJ to Investigate Clayton Homes, lenders in wake of Seattle Times/BuzzFeed report

By / January 13, 2016 / Business, Company News, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

Four Democratic House Representatives have asked the Justice Department to look into allegations of Clayton Homes and their related lenders alleged targeting of minority borrowers, based on the advocacy journalism of the Seattle Times and BuzzzFeed’s Mike Baker and Daniel Wagner. Baker and Wagner have been described as making a career …

Democratic Lawmakers want DOJ to Investigate Clayton Homes, lenders in wake of Seattle Times/BuzzFeed report Read More

Manufactured Housing REITs Return Over 25 Percent

By / January 10, 2016 / Business, Communities, Company News, Economy, Finance, Manufactured and Modular Housing News, Manufactured Homes, Trends

The National Association of Real Estate Investment Trust’s (NAREIT) Senior Vice President for Research and Information, Brad Case, said in 2015 stock exchange-listed equity REITs outperformed most other asset classes, even though the year was not particularly strong for REITs. Noting that December was a microcosm of the 2015, Case …

Manufactured Housing REITs Return Over 25 Percent Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016

By / January 10, 2016 / Advocacy, Awards, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com What PBS NewsHour Missed About Manufactured Home Living Nicole Barker compares her Modular Home with conventional construction What’s New in Manufactured Housing Industry Professional News FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 Read More

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