Effective for mortgages with settlement dates after Jan. 4, 2016, a bulletin from Freddie Mac says as part of their initiative “to responsibly expand homeownership,” it is updating mortgage insurance requirements for Home Possible Mortgages. If an H P Mortgage is secured by a manufactured home, it will be subject …
Freddie Mac Updates Manufactured Home Mortgage Insurance Read More
Following MHProNews‘ post Jan. 28, 2016 regarding the Manufactured Housing Association for Regulatory Reform’s criticism of HUD for increasing the inspection of on-site manufactured homes, which also increases the cost to the consumer, the Sept. 8, 2015 rule is set to take effect March 7, 2016. Presented during the Louisville …
MHARR Presses MH Administrator to Retract New On-site Rule Read More
CMH Homes of Belfry, Kentucky, dba Oakwood Homes, is the target of a lawsuit by a West Virginia couple who claim the manufactured home they purchased and had installed on their land was defective, and/or improperly installed. Deba and Zachary Hubert purchased the home in June, 2014, according to what …
Couple suing Oakwood Homes for Alleged Defective Home Read More
The Community Action Partnership of North Alabama (CAPNA) announced local residents who have not been able to fully recover from the devastating April 27, 2011 tornadoes that wreaked havoc across a broad swath of the state may be eligible for new federal funding through the Community Development Block Grant (CDBG) …
Second Round of Assistance Available for Ongoing 2011 Tornado Damages Read More
A home in Lowell, Massachusetts that, says a neighbor who saw it delivered, is a manufactured home, is causing consternation at city hall, accoding to lowellsun. Mayor Ed Kennedy says it is a trailer and since they are not allowed by law, he wants it removed. At the Jan. 26 …
Hitting a record high of nearly $90 billion in multifamily lending in 2015, the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, are poised to hit another new lending record this year as their volume lending caps are adjusted by the government. Freddie Mac topped the two multifamily lenders …
The featured articles on the home page of MHProNews for the month of February are as follows. You Have A Bad Review! by Wayne Coakley. Marketing Category. Fair Housing Hunt! by Nadeen Green, JD. Fair Housing, Legal, Communities Category. MHPark Safety Inspections and Pride of Ownership, by Kurt Kelley, JD …
Fearless, Fix-It February 2016 Featured Articles and new Videos on MHProNews Read More
Writing for nationalmortgagenews, the Manufactured Housing Institute’s (MHI) senior vice president for government affairs, Lesli M. Gooch, noting the average price of a new manufactured home is $64,000 as compared to a new site-built home price of $374,100, states manufactured housing presents the single most affordable option for lower income …
MHI’s Lesli Gooch Underscores the Need for GSE’s Purchase of Chattel Loans Read More
The American Action Forum (AAF) has determined there has been a 20.5 percent drop in community banks with assets under $1 billion dollar in assets since Dodd-Frank became law five + years ago, according to data supplied MHProNews by the Federal Deposit Insurance Corp (FDIC). That is a substantial increase …
What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with Don Glisson, Jr. of Triad Financial Services. Another media attack on manufactured housing? Residents of Florida city opposes modular homes. HUD sets up more …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 Read More
The 4,000 home site Country Squire Lakes (CSL) subdivision in Jennings County, Indiana is a mix of manufactured homes, site-built homes and campsites, with a series of different owners of the properties, as MHProNews has learned from therepublic. The subdivision has been going downhill for a number of years, and …
Following a storyline MHProNews has posted several times, the last being Jan. 25, 2016 regarding opposition to modular homes in Cape Coral Fla., the developer says changes are coming to make the homes fit in better with the neighborhood. Beginning in Feb., garages will be attached to homes, breezeways will …
Cape Coral Contenders Continue Criticizing Modulars at City Council Read More
Moses Lake, in east central Washington state, is in the process of complying with a 2004 state law that requires cities allow manufactured homes (MH) in the same neighborhoods as stick-built homes, according to what ifiberone tells MHProNews. While the city had prevented MH from being sited in single-family residential …
Manufactured Homes can be Sited in any Single-family Residential Area Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Manufactured Housing Consensus Committee (MHCC), meeting in Louisville during the Louisville Manufactured Housing Show, discussed the fact that HUD, in further non-compliance with the Manufactured Housing Improvement Act of 2000, wants to increase unnecessary and excessive regulation that …
In a Schedule 13G/A Disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned Wells Fargo & Company owns 6.3 percent of manufactured home community owner UMH Properties, Inc. The 1,697,525 shares of stock are valued at $16,126,488. UMH stock has a one-year low of $9.01 and a …
Wells Fargo has money in Manufactured Home Community Owner UMH Read More
An ordinance mandating brick foundations under manufactured homes that was passed in 2001 in Caswell County, South Carolina is being reexamined by the Caswell County Board of Commissioners who are considering adding other options to keep costs down for MH residents. Opponents to the change like the aesthetic uniformity of …
Commissioners Suggest optional Underpinnings for Manufactured Homes Read More
In an attempt to maintain affordable housing for seniors, the Santa Clarita (Calif.) City Council voted to prevent senior-only manufactured home communities (MHCs) from converting to all-age communities. Council members unanimously approved an “urgency ordinance” that establishes a 45-day moratorium on such conversions, according to signalscv, while city officials continue …
City Prevents Senior MHCs from Converting to All Age Communities Read More
Dozens of comments from MHPros coast to coast came in within hours in response to an OpEd by publisher L. A. ‘Tony’ Kovach. Writing on the Masthead blog, Kovach outlined examples of errors and tensions within the Manufactured Housing Institute (MHI), which allegedly point back to the national association’s CEO …
Should the Manufactured Housing Institute’s CEO Richard ‘Dick’ Jennison resign? Read More
Updating a story MHProNews last posted Jan. 12, 2016 about the ongoing attempt at classifications and placement of manufactured/mobile homes by the Washington, Indiana City Council, the council sent the ordinance back to the plan commission for stronger language about where “Type III, what is typically found in mobile home …
Indiana City Still Trying to Regulate Manufactured Homes Read More
Following a story MHProNews posted Jan. 18, 2016 regarding a dispute between the owners of Pacific Skies Estates (PSE) manufactured home community (MHC) and the California Coastal Commission over the necessity of a permit for upgrading the community, the full commission is set to hold a public hearing April 13 …
Public Hearing Set for Pacific Skies Estates Upgrade Read More
