MHProNews has learned from Capital One that it arranged a $3.1 million fixed-rate loan package through Ladder Capital Finance to refinance the Orange Grove manufactured home community (MHC) in San Fernando, California. Senior Vice President Chad Thomas Hagwood, the head of Capital One Multifamily’s Birmingham, Ala. office, brokered the transaction …
Capital One Brokers Loan for Orange Grove Land Lease Community Read More
According to scotsmanguide, reports released last week by the government-sponsored enterprises (GSEs) reveal the combined volume of single-family loans purchased and guaranteed by Fannie Mae and Freddie Mac through Q3 2015 have exceeded the total for all of 2014. Total GSE volume hit $640.7 billion for the first nine months …
What’s New in Manufactured Housing Industry Professional News $25k can apply to MH in Ala. and Long Island. Insider trading: Cavco, UMH, Sun, Drew. MH securitizer beats Zacks consensus. Ordinance allows newer homes only. Log cabin builder honored. Former Ginnie Mae head says mortgage reform unlikely. One Fed Head says …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 8-Nov. 15, 2015 Read More
The U. S. Department of Housing and Urban Development (HUD) will provide $500,000 through the Federal HOME Investment Partnerships Program to assist first-time homebuyers in Nassau County, New York purchase a home, including manufactured homes. Eligible applicants can receive up to $25,000 for down payment/closing costs of a new or …
$25k Grant Available for First Time Home Buyers on Long Island Read More
The former president and CEO of Ginnie Mae, Joseph Murin, said the Obama administration is not looking to recapitalize GSEs Fannie Mae and Freddie Mac, preferring to leave them as a conservatorship from which funds can be extracted as needed. Also, he does not believe reform of the government-sponsored enterprises …
Former Head of Ginnie Mae does not Envision GSE Reform Soon Read More
The Mortgage Bankers Association (MBA) tells MHProNews loan originations for multifamily and commercial properties rose in Q3 2015, increasing 12 percent over the third quarter of 2014, and three percent on a quarterly basis. Retail property loans posted the highest percent rise over last year, +39 percent, while multifamily property …
What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing, …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More
On the news of Freddie Mac reporting a net loss of $475 million for the third quarter of 2015, significantly down from the net income of $4.2 billion for the same quarter 2014—the first time in four years– MHProNews has learned from housingwire that Freddie Mac CEO Donald Layton is …
Freddie Mac Drowns in Red; CEO Layton says Lenders need to Lower Down Payment Read More
MHProNews has been informed that Capital One’s Damon Reed, Senior Vice President and Director of MHC Finance for the Multifamily Division, has arranged a $5.8 million Fannie Mae fixed-rate loan for the acquisition of Orosi Estates in Orosi, California, 200 miles north of Los Angeles. The 128 manufactured home community …
Capital One Arranges Financing for Manufactured Home Community Read More
Sun Communities (NYSE:SUI) will host an earnings call for the third quarter of this year on Tue., Oct 27, 2015 at 1:00 PM eastern time, according to dakotafinancialnews. For the quarter ending July 30, 2015 the real estate investment trust (REIT) posted earnings of $0.87 earnings per share (EPS), $0.04 …
MHProNews has learned from yahoobiz that manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) has completed its issuance and sale of 1,801,200 shares of 8.0 percent Series B Cumulative Redeemable Preferred Stock at a sale price of $25.00 per share. These shares are equal to the company’s …
What’s New in public focused Manufactured HomeLivingNews.com Retired Realtor ® and Conventional Housing Pro on Why they Bought a Manufactured Home Comparing Quality to Quality – Conventional On-Site Building vs. Manufactured Homes What’s New in Manufactured Housing Industry Professional News “Duty to Serve” Rule Planned by FHFA, as cost of …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 18-Oct. 25, 2015 Read More
Darryl Searer, chairman and president of the Recreational Vehicle/Manufactured Housing (RV/MH) Hall of Fame in Elkhart, Indiana has announced that a 12-year loan taken out to purchase the David Woodworth antique RV collection has been paid in full— in just 2½ years, saving the Hall $565,000. Searer successfully renegotiated the …
Recalling a story MHProNews posted Sept. 5, 2014 regarding Mel Watt, then the new FHFA head, who said the “duty to serve” (DTS) rule as it impacts manufactured housing will be “revisited,” now says, “In 2016, we also plan to finalize a Duty to Serve rule, which will encourage Fannie …
Final “Duty to Serve” Rule Planned; Average MHC Site Cost Nearly Doubles in 18 Months Read More
The new disclosure rule which combines the previous Truth in Lending Act (TILA) requirements with the Real Estate Settlement Practices Act (RESPA) into one Integrated Disclosure, called TRID, has not rolled out well due to mortgage software problems and Congressional inaction, said CFPB Director Richard Cordray to the Mortgage Bankers …
MHProNews has learned from azbigmedia that Westview Mobile Home and RV Park in Glendale, Arizona has been sold for $1 million by 6331 W Glendale LLC to Westview Park LLC, arranged by John Sheedy with Park Brokerage Inc. The 33 home site all-age manufactured home (MH) and recreational vehicle community …
Land Lease Community Sells for $1 Million in Arizona Read More
What’s New in public focused Manufactured HomeLivingNews.com Pets, Vets, Single Parenting, Student Debt and The Manufactured Home Solution! Take the Manufactured Home Quiz! Weathering the Storms: How Manufactured Homes Can Do It Better What’s New in Manufactured Housing Industry Professional News Marin County seeking more affordable housing. UFPI, Skyline post …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 11-Oct. 18, 2015 Read More
The most bullish Wall Street analyst has a short term price target of $63 for Equity LifeStyle Properties (NYSE:ELS), according to Zacks, and the most bearish has a one-year $57 dollar target. Zacks consensus target price is $60, based on three analysts 12-months projections. As stocksdaily tells MHProNews, Zacks utilizes …
Zacks issues Buy Rating on Equity LifeStyle Properties Read More
Freddie Mac multifamily has financed $1 billion in manufactured housing community loans in 18 months, according to what marketwired tells MHProNews. These are loans made to manufactured home community (MHC) owners, representing over 25,000 home sites in 23 states. “MHC loans are an example of how we are serving new …
Government-Sponsored Enterprise Stabilizes $1 Billion of Affordable Housing Read More
MHProNews has learned from mapmag, the California Association of Realtors Chief Economist Leslie Appleton-Young stated that house price increases will be at the lowest rate since 2011. She predicts in 2016 the median price of a detached house will rise by 3.2 percent to $491,300, which is less than half …
