Calling mortgage loan fraud virtually a cottage industry during the housing feeding frenzy that lead to the Great Recession, that practice did not end with the sudden creation of the Consumer Financial Protection Bureau (CFPB), Pat Dalrymple tells MHProNews. Big money on the table can draw a conspiracy of mortgage …
Operating its manufactured home retail centers through Wisdom Homes of America, Inc., SearchCore touts that Merriman Capital, Inc. issued a research report update on their company. OTCmarkets tells MHProNews that Merriman maintained their speculative buy rating on SearchCore with a target price of $0.30 based on the company’s sales and …
Under a program administered by the Warren Public Housing Authority in Arkansas, manufactured homeowners who meet income guidelines can upgrade their homes with assistance from the Arkansas Development Finance Authority, as salineriverchronicle.blogspot.com informs MHProNews. A family in the Banks, AR area recently received a new, handicapped accessible manufactured home with …
Arkansas Program Replaces MH at One Percent Interest Read More
The Workforce Housing Coalition (WHC) of Greater Seacoast is considering five parcels of land in York, Maine near the Kittery town line that could be developed as housing for people who earn modest salaries such as laborers, teachers, firemen and police. WHC Executive Director Ashlee Iber Amenti says the owners …
Factory-built Homes Could Alleviate Coastal Housing Issues Read More
Designed by ABI in East Yorkshire, England, with its moveable walls the Concept Van features a cinema, a ten-seat dining table and beds to sleep ten people, according to what dailymail.co.uk informs MHProNews. The 30 foot by 13 foot manufactured home (called “Caravan” in the UK) prototype has beds …
While the Great Recession took the wind out of the sails of Elkhart County, Indiana’s two largest industries – manufactured housing (MH) and recreational vehicle (RV) – RV manufacturers are now cheering their great recovery while the MH industry continues to slowly move forward, locally as well as nationally. The …
Indiana RV Industry Recovering Well; MH Industry Recovering Steadily Read More
Following a story MHProNews posted Oct. 22, 2013 entitled Will Texans take to Tiny Homes, a recent story about small homes on BillMoyers.com, asked if respondents could live in a tiny home, drew a series of responses. Gordon Billingsley said he lived in a 920 square-foot passive solar home and …
Tiny Homes/Factory-built Housing could Replace the Blight Read More
While refinance lending in rural and small town communities fell by 23 percent in 2013 compared to 2012, purchase lending in the same areas rose 2.3 percent for the similar period, after hitting a ten-year low in 2011, according to what daily.yonder tells MHProNews. Just as rising interest rates and tighter …
Rural Home Purchase Loans Still over 50 Percent Below Pre-Recession Read More
While the Consumer Financial Protection Bureau’s recent report on financing the purchase of manufactured homes (MH) notes buyers of MH are often poor, elderly, rural and vulnerable to high-cost “chattel” (“home only,” personal property) loans, the bureau wants to ensure consumers have access to “responsible credit.” Their report, comments and …
Following up on a story MHProNews last covered Sept. 22, 2014 regarding a 16-year battle between residents of Naples Estates MHC and the owner, Norton Karno, over residents’ attempt to buy the community in Florida, a settlement, if approved, would leave the community in Karno’s hands but he would add …
Residents Reject Community Owner’s Offer, Go Back to Court Read More
Noting that manufactured housing can provide affordable housing to many low and moderate income families, especially in non-metro areas, several nonprofits are working to reverse the negative image of factory-made homes and their occupants by establishing programs to replace the dilapidated homes with new, high efficiency models. According to Matthew …
Energy Efficient Manufactured Homes to Replace Dilapidated Units Read More
While analysts expected the jobs report to indicate 215,000 new jobs had been created in Sept., following the tepid 142,000 in August, the government says 248,000 new jobs were realized in September, more in line with the previous six months (before August) of job growth above 200,000. In addition, according …
New Job Growth, Falling Unemployment: Sufficient to Spur Homeownership Growth? Read More
Following up on a story MHProNews posted Sept. 20, 2013 regarding damage to 560 manufactured homes (MH) in Vermont by Tropical Storm Irene in 2011, the Vermont Housing and Conservation Board (VHCB) is funding ten MH by the Vermont Energy Investment Corporation as part of the Manufactured Housing Innovation Project. …
Energy Efficient Manufactured Homes Replace Storm Irene Damage Read More
The California homeownership rate for Hispanics was 41.9 percent in 2013 versus 62.7 percent for non-Hispanic whites, according to U. S. Census records. The Hispanic rate in 2006 was 47.9 percent. A 2013 study by Harvard University’s Joint Center for Housing Studies, noting homeownership continues to be a significant source …
California Home Prices Rising above Affordability for Hispanics Read More
The Mortgage Bankers Association (MBA) reports for the week ending Sept. 26, mortgage applications slipped 0.2 percent on a seasonally adjusted basis from the previous week, while on an unadjusted basis the Market Composite Index (MCI) decreased 0.4 percent. The Refinance Index fell 0.3 percent from the week prior, while …
Mortgage Applications Dip for week Ending Sept. 26 Read More
The Lloydminster City Council in west central Saskatchewan, Canada, just over the line from Alberta, voted for a 97 percent increase for daily manufactured home (MH) licensing fees over the next two years, according to wireservice.ca. The province’s Greens leader, Victor Lau, noting this is sending the wrong message to …
The 2015 Louisville Manufactured Housing Show will be held Wed., January 21 through Friday January 23 at the Kentucky Exposition Center near the Louisville Airport. The show has grown each year recently in attendance, number of exhibitors and number of manufactured homes on display, providing a marketplace for builders, developers, …
Dates Set for Louisville Manufactured Housing Show Read More
The Renew Collection of Deltec Homes of Asheville, North Carolina offers homes with net-zero level of efficiency, reducing energy consumption by two-thirds compared to a traditional site-built home, according to sbcmag.info. Featuring double-stud walls, solar panels, triple-paned windows, exterior insulation and fresh air ventilation, their first net-zero home was delivered …
An architect from Australia visiting modular home manufacturers in Japan notes the factories are similar to automobile assembly lines with many robots, houses moving along assembly lines and technicians doing the jobs the robots cannot. Mathew Aitchison from the University of Queensland says he visited four different companies making modular …
Japanese Modular Homes Standardized but Warrantied for 20 Years Read More
According to the National Association of Realtors (NAR), the Pending Homes Sales Index (PHSI) slipped 1.0 percent in August to 104.7 from 105.8 in July, and is now below the August 2013 reading of 107.1. Regardless of the slight decline, as the worldpropertychannel.com reports,the index remains above 100 (an average …
