by Josh Ducharme Are you currently offering captive financing for manufactured homes? Does it make sense given the new regulatory era ushered in by Dodd-Frank? There are common-sense, regulatory compliant options for business owners who want to address the non-compliant captive financing within their portfolio and do it in a …
(Editor’s Note: This article was originally published in Manufactured Home MERCHANDISER ~ August 1990 Edition. Consider how the points made then may also apply today.) WESTERN REPORT Parity: Equivalent/like in quality, nature or status. Equivalent: Corresponding or virtually identical, especially in effect or function. Achieving parity in land use, regulations …
Back to the Future for Manufactured Housing Professionals Read More
In Alana Semuels’ The Case for Trailer Parks, The Atlantic picks up on a prior MH report made in 2011 by Derek Thompson during the IBISWorld flap which headlined – incorrectly – that Manufactured Housing (MH) was “a dying industry.” Semuels’ article weaves between the sensationalistic, to ‘cutesy-humorous’ and complimentary-to-the-MH-Industry. …
by Dick Ernst As many in the manufactured housing industry know, the new Dodd Frank Regulations, specifically the Home Owners Equity Protection Act (HOEPA), which for the first time includes Purchase Money Transactions is very problematic for the manufactured housing industry. The reasons are more obscure than even those that …
Odds are excellent that most manufactured housing professionals have not yet seen the Department of Housing and Urban Development (HUD) consumer information handout piece on the manufactured housing program. Entitled “Your Manufactured Home,” the flyer looks like what you see below, which was thoughtfully passed out by HUD MH Program …
HUD’s Manufactured Housing Program Consumer Handout – Your Manufactured Home Read More
The Consumer Financial Protection Bureau (CFPB) “is committed to ensuring that consumers have access to responsible credit in the manufactured housing market,” Director Richard Cordray said in an agency report. “Manufactured housing is a critical source of affordable housing for some consumers, particularly those who are older, live in a rural …
by L. A. “Tony” Kovach This is a great example of how tips or suggestions on topics come in routinely to my email, by phone, text, social media or through iReportMHNewsTips@mhmsm.com. There’s a growing interest among millennials in housing beyond rent! House buying is good for the business – and …
The Tiny House movement has caught the media’s eye, has given rise to a cable TV show and has caused some to wonder why manufactured housing isn’t getting the same kind of love as Tiny Houses are? Well, Newport Pacific’s Modular Lifestyles division is tapping into the many green, off-grid …
Off Grid backyard “Quest” factory-built home wows media at Sacramento, CA state capitol Read More
Perhaps the best way to begin an introduction to the Government Accountability Office (GAO) on the federal manufactured housing program administered by the Department of Housing and Urban Development (HUD) is to quote from the Manufactured Housing Institute (MHI) and the Manufactured Housing Association for Regulatory Reform (MHARR) press releases …
GAO releases long awaited report on the HUD Code Manufactured Housing Program Read More
There are some 45,000 +/- manufactured home land lease communities (MHCs) in the U.S. today. When MH Retailers began to tumble in the post 1998 slide that finally bottomed out in 2010, a growing number of MHC owner-operators realized their traditional source for many of their new home placements – …
by Anthony Ducharme The Direct Team has always been a consumer-focused service platform. Historically we viewed our business partners as one of the conduits to the end consumer and customer. It became clear when we at Mountainside Financial started soliciting feedback from our business partners – specifically about ways that …
In April 2014, Webalizer reported that individuals from 154 countries visited MHProNews; many to read stories and/or watch videos about manufactured and modular housing movers, shakers and news-makers. While the vast majority (some 90%) of that global audience is here in the U.S., Canadians and nationals from virtually every nation …
Global Eyes on Manufactured/Modular Home Movers, Shakers and News Makers Read More
Investors are discovering the modern manufactured housing (MH) and ‘off site’ home building industry in a variety of ways. Some appear to be from negative media coverage (a pair of recent examples shown below), others in print, online or TV are clearly positive. Some non-profits are also interested-to-focused on manufactured …
Investors Discover the Walmart of Affordable Housing Read More
Grand Rapids, Michigan – JLT & Associates (JLT), a leading market research company for the manufactured housing industry, announced on March 26th, 2014 a 14-year summary report of its manufactured home community rent surveys for 13 Michigan markets. Recognized by many as the industry standard for manufactured home community market …
by Bill Matchneer, JD It was nice to cap off my first week of retirement from CFPB with an invitation from MHI to speak at their recent Legislative Conference & Winter Meeting in Arlington, Virginia. I was asked to speak at the Financial Services Committee meeting about new Dodd-Frank rules …
A View of Manufactured Housing Finance Issues from Inside the Washington DC Beltway Read More
MHARR is an acronym that means Manufactured Housing Association for Regulatory Reform. Documents filed with the federal government indicate that MHARR has the mission “To improve relations between government and the industry engaged in the production of manufactured housing.” In a recent communique from one of MHARR’s president’s – Danny Ghorbani – …
by Andy Gallagher New rules effective in January, 2014, implement the Dodd-Frank Act, federal legislation aimed, in part, at protecting consumers from financial problems relating to home mortgages. One of the new rules relates to loan originator compensation (“LO Comp Rule”). Similar to the SAFE Act, which deals with state …
I spoke with Tim Dewitt with the Michigan association concerning the attached National retail numbers and the excellent Growth the industry has experienced . The report was updated today and with the Show next week we agreed that it would be great to break these numbers to the industry. We are unsure …
Statistcial Surveys Report on Manufactured Housing 2013 vs. 2012 Read More
Before diving into the concept outlined and ways that it might benefit manufactured housing and our American home-buying public in general, let’s define the legal term, “writ of mandamus.” From Princeton’s WordNet: “mandamus: an extraordinary writ commanding an official to perform a ministerial act that the law recognizes as an …
Editor’s Note: On November 20, 2013 the Manufactured Housing Institute (MHI) sent out another notice, warning their members about scams that are targeting potential trade show attendees. Here below is the meat of their message, between the — lines, quoting their email. — Subject Line: …Beware of Scams Targeting Trade …
Special Notice Regarding Scams Targeting Industry Trade Events Read More
