Analysts at Barclays report more homeowners are staying current on their mortgages, thereby reducing the rate of delinquent loans, as housingwire.com informs MHProNews.com. The March Mortgage Credit Tracker says, however, the rate of foreclosure is rising, as is the foreclosure-to-REO (real estate-owned) hopper, bringing foreclosures back to the rate of …
According to theiet.org, the world is beginning to realize the advantages of modular construction methods in the wake of the desire for quicker, cheaper, cleaner and more environmentally friendly building techniques. Two years ago China’s Broad Construction stunned the world when it assembled a 30-story modular hotel working round the …
Off Site Construction Methods Gaining Recognition and Advocates Read More
Deputy Director of the Consumer Financial Protection Bureau (CFPB), Steven Antonakes, speaking at the Mortgage Bankers Association’s (MBA) Servicing Conference, pointedly blamed the servicers for the many foreclosures outstanding and the home owners still underwater on their mortgages. According to nationalmortgagenews.com he said, “This kind of continued sloppiness is difficult …
Unlike days gone by when factory-built homes were more prone to wind damage and not well sealed from the elements, the manufactured homes of 2014 are energy efficient and can have many of the same amenities as site-built homes: Whirlpool baths, ENERGY STAR appliances, solar panels for heat and hot …
The National Association of Home Builders (NAHB) chairman Kevin Kelly, a homebuilder from Wilmington, Delaware issued a statement lauding the Senate Banking Committee’s announcement that they had reached an agreement on a housing finance reform proposal, as MHProNews.com has learned. He said: “NAHB commends Sens. Johnson and Crapo for reaching …
National Association of Home Builders Welcomes Housing Finance Reform Read More
MHProNews.com has been informed by mortgagenewsdaily.com that M&T Bank has updated its United States Department of Agriculture (USDA) guidelines and is removing its combined loan to value (CLTV) limit where the second lien is an affordable housing grant. In addition, it is no longer permitting manufactured homes on its SONYMA …
A company in Troy, Michigan that provides appraisal management services for the real estate industry, including modular home companies, has seven positions open in operations and sales and is seeking summer interns. According to semichiganstartup.com, Dart Appraisal employs 43 people, and hired 14 people in the last year. MHProNews.com has …
In a survey that includes 41 million single-family mortgages across the country, accounting for 88 percent of all mortgages serviced, the Mortgage Bankers Association (MBA) reports oil boom state North Dakota has the lowest foreclosure starts rate in the country for Q4 2013 at only 20 basis points. The state …
Fracking Oils the Mortgage Industry in North Dakota Read More
Once an online platform for selling only distressed real estate, Auction.com touts itself as being the leader in online real estate sales, including high quality commercial properties. Sources in Auction.com tell MHProNews.com Google has purchased the company, which sold over 35,000 properties, residential and commercial, in 2013 valued at more …
According to CoreLogic, U. S. home prices increased in January by the strongest margin in seven years, up 12 percent from the previous Jan., marking the 23rd consecutive month of yearly increases, worldpropertychannel.com reports. Said Dr. Mark Fleming, chief economist for CoreLogic, “The last time January month-over-month and year-over-year price …
The owners of Hendrickson Estates and Hendrickson Heritage Park manufactured home communities in Sequim, Washington, just northwest of Seattle, say city fees for installing new homes have risen, adding insult to injury in the face of a housing industry battered by the recession. Jeanne Murray and Mel Hendrickson, co-owners of …
Assorted Fees a Deterrent to Siting Manufactured Homes Read More
While the housing market helped lift the U. S. economy out of past recessions in 1981, 1990 and 2001, according to fxempire.com, it is not happening this time. Historically, residential investment has averaged five percent of gross domestic product (GDP), but it has only returned to three percent since the …
Technology-based marketing services company SearchCore, Inc., which connects consumers with brands, products and services through comprehensive websites, announces additions to their ManufacturedHomes.com site including the most extensive list of producers of manufactured homes (MH), retail centers and floor plans available in the entire industry. The company’s next step will be …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports figures from the Department of Housing and Urban Development (HUD) indicate shipment of HUD Code homes hit 4,405 in January, a 3.8 percent increase over the 4,242 homes shipped in Jan., 2013. As MHProNews.com has learned, the top ten shipment states …
Manufactured Home Production Continues Upward Trend Read More
There is one number, often overlooked, that affects the growth of the housing sector as much as any other—the percent of the 25-to-34-year-olds who are working. Many of these young adults continue to live at home, which holds down household formation. As their employment numbers grow, they are more likely …
Sponsored by House Financial Services Committee member Rep. Sean Duffy (R-WI), the Consumer Financial Freedom and Washington Accountability Act, HR 3193, passed on a mostly party-line vote, would replace the director with a five-member commission and give Congress oversight of the budget. House Financial Services Committee Chairman Jeb Hensarling (R-TX) …
Consumer Financial Protection Bureau Reform Bill Passes House Read More
Following a story MHProNews.com posted Feb. 24, 2014 regarding assistance the state of Michigan is offering to repeat homebuyers, including those buying manufactured homes, we have been informed the Mi Next Home program offers $7,500 maximum assist, or four percent of the purchase price, whichever is lower. Northern Homes Executive …
More than 100 modular homes previously used by the U. S. military are now home to residents of the Apache Mescalero Reservation in New Mexico, where the lack of adequate housing has been a long-standing issue, according to ruidosonews.com. On March 7, at the invitation of tribal president Danny Brueninger, …
Military Modular Homes now Accommodate Apache Native Americans Read More
According to statistics released by the Department of Housing and Urban Development (HUD) and the Census Bureau, the National Association of Home Builders (NAHB) reports sales of newly-built single-family homes rose 9.6 percent in January to a seasonally-adjusted annual rate (SAAR) of 468,000 units, marking the strongest pace since July …
Updating a story MHProNews.com published Feb. 21, 2014 regarding U. S. Senate bill S 1828, Preserving Access to Manufactured Housing Act, introduced by Sen. Joe Donnelly (D-IN) Dec. 16, 2013, MHProNews.com has been informed Sen. John McCain (R-AZ) has signed on as a co-sponsor of the bill. A companion to …
