According to a report Monday from the El Paso County Public Trustee’s Office in Colorado Springs, Colorado foreclosure activity dropped to a 14-year low in 2015, as 1,470 foreclosure notices went out to area property owners, the fewest since 1,165 went out in 2001. MHProNews has learned from nationalmortgagenews that …
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 …
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
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
What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the so-called “new” duty to serve (DTS) rule issued by the Federal Housing Finance Agency (FHFA) Dec. 18, 2015, much like the original 2010 implementation, continues the exclusion of manufactured home (MH) chattel loans, which make up some 70 percent …
MHARR Criticizes FHFA for Continuing to exclude Chattel Loans Read More
National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance …
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
The Federal Housing Finance Agency (FHFA) released a plan today, Dec. 15, 2015, that gives owners of manufactured home communities (MHCs) the opportunity to access financing by Fannie Mae and Freddie Mac (the GSEs), according to what nationalmortgagenews tells MHProNews. It also would provide incentives for states to convert manufactured …
FHFA Proposal could Reform Sale of Manufactured Homes Read More
A bipartisan House supermajority has turned back the Consumer Financial Protection Bureau’s (CFPB) auto loan rules after discovering the agency was guessing the racial identity of auto borrowers and filing suit against the auto dealers for discrimination in lending, based on who they thought was a minority and who they …
CFPB based Car Loan Lawsuits on Information it Knew was Bogus Read More
MHProNews has learned from foxnews the Senate has passed a short-term spending bill that will keep the government open until Wednesday, Dec. 16, so negotiators can have more time to hammer out a longer term measure. While lawmakers are trying to come together on a $1.1 trillion budget deal to …
Temporary Spending Measure Passes to Keep Government Open Read More
From Southfield, Michigan, the board of directors for real estate investment trust (REI)T Sun Communities, Inc. (NYSE:SUI) announces quarterly dividends on three different stocks, according to euroinvestor: $0.65 per share of common stock payable Jan. 15, 2016 to shareholders of record Dec. 31, 2015; $0.4453125per share on the Company’s 7.125% …
MHProNews has received word from Capital One that it has arranged an $11 million Fannie Mae fixed-rate loan to refinance Old Plantation manufactured home community (MHC) in Riverside, California. Damon Reed, Senior Vice President and Capital One Multifamily’s Director of MHC Finance, originated the transaction for the 223, all-age home …
$11M Fannie Mae MHC Loan comes through Capital One Read More
MHProNews has learned from abladvisor that Damon Reed, Senior Vice President and Capital One’s Director of MHC Finance, arranged a $7.7 million refinance Fannie Mae loan for Casa de Flores manufactured home community (MHC) in Chico, California. The owner intends to retire higher-rate interest debt and make improvements to the …
Capital One Arranges $7.7M Loan for Manufactured Home Community Read More
As the deadline nears for the mega spending bills to be passed in Congress that will keep the government running, as MHProNews reported Nov. 26, 2015, the Obama administration has indicated it will push back against any attempt to substantially weaken the 2010 financial overhaul, according to the nytimes. Congressional Republicans …
Obama Administration: Unacceptable to Include Dodd-Frank Amendments in Appropriations Bill Read More
If Saudi Arabia succeeds in building the Jeddah Tower, it will replace Dubai’s Burj Khalifa as the tallest building in the world. CNNMoney reports a Saudi government press release says the tower will be 3,280 feet tall, a full kilometer, while the Burj Khalifa is 2,716 feet tall. Overlooking the …
What’s New in public focused Manufactured HomeLivingNews.com “It’s not a trailer, it’s a manufactured home!” Inside MH with Mary Johnson, Retired Nurse Getting More Manufactured Home Lending – Video Interview with MH Owner, Tom Fath What’s New in Manufactured Housing Industry Professional News MHARR slams HUD over monitoring contract. Australia …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 22-Nov. 29, 2015 Read More
What’s New in public focused Manufactured HomeLivingNews.com HUD Secretary Julian Castro praises Quality, Safe and Affordable Manufactured Homes From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide What’s New in Manufactured Housing Industry Professional News HUD Secretary Castro Lauds …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 15-Nov. 22, 2015 Read More
MHProNews has learned from indsidertradingreport that M. Scott Welch, a board member of Patrick Industries, Inc., purchased 9,800 shares of company stock at $39.71 per share for a net of $ 391,353.44 on Nov. 18, 2015 and was disclosed to the Securities and Exchange Commission on Nov. 20,2015. As MHProNews …
Patrick Board Member Welch Acquires 9,800 Shares of Stock Read More
