Legal

Lenders Receive Reprieve on Minor Errors in Closings

The Consumer Financial Protection Bureau (CFPB) gave lenders a slight reprieve on the Know Before You Owe rule that provides borrowers with all the charges, fees and line items three days before closing instead of at closing, saying they will not be held accountable for most minor errors in loan …

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Battle in Dublin over Modular Homes for the Homeless Escalates

Continuing the saga of Dublin, Ireland’s attempt to provide 40 of 500 modular homes for the city’s homeless on a lot in Balbriggan amid legal and physical threats, as well as protests causing a work stoppage, two northside councillors are opposed to the plan, saying the area has enough social …

Battle in Dublin over Modular Homes for the Homeless Escalates Read More

Pre HUD Code Home brought in Illegally

In New Mexico, Michael Baca’s appeal to keep a pre HUD Code home was denied by the Torrance County Commission by a 2-1 vote Dec. 23, although it did pull at the heartstrings of the commissioners to essentially deny a family a place to live. Mr. Baca, with two kids, …

Pre HUD Code Home brought in Illegally Read More

MHCC to Meet in Louisville

The Office of the Federal Register informs MHProNews that the Manufactured Housing Consensus Committee (MHCC) meeting will be held Jan. 19 thru Jan. 21 at the Kentucky Exposition Center in Louisville, KY, 9:00 AM to 5 PM each day, somewhat overlapping the Louisville Manufactured Housing Show. The agenda for the …

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Contractor Charged with Stealing over $175,000

A Long Island, NY contractor, Andrew Troiano, and his firm Alt Design & Construction Consulting, Inc., have been charged with stealing over $175k from three victims, two of whom were to receive modular homes to replace their homes destroyed by Hurricane Sandy on Breezy Point, according to theforumnewsgroup. The third …

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Sun Leaves Diseased Tree, Declares Quarterly Dividend

Following a story MHProNews posted Dec. 17, 2015 regarding a diseased tree that Sun Communities (SUI) was ordered to remove from Water Oak manufactured home community in Lady Lake, FL, villages-news reports as of Sunday, the tree was still there. Special Magistrate Valerie Fuchs ordered Sun to remedy the tree …

Sun Leaves Diseased Tree, Declares Quarterly Dividend Read More

Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015

What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace …

Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More

Modular Housing Spreads in Ireland for the Homeless

While MHProNews has been following the stop and go development of modular homes to replace emergency accommodations for the homeless in Dublin, Ireland, as we last reported Dec. 18, 2015, Fingal County Council CEO Paul Reid is defending plans for 40 modular housing units for the homeless in Balbriggan, just …

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Judge Orders Owner to Remove Modular Homes

The owner of two unfinished sections of a modular home in the Village of East Aurora, New York has been ordered to remove the units from his property within 30 days for not bringing them up to code. When John Apgar purchased the homes from a BOCES school in 2013 …

Judge Orders Owner to Remove Modular Homes Read More

New Leadership at NeighborWorks Montana

Maureen Rude, the former director of the Montana Fannie Mae Partnership office and executive director of the Montana Board of Housing, will become the new Executive Director of NeighborWorks Montana in Jan., 2016, according to greatfallstribune. Rude has served as director of lending and operations for eight years. The previous …

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Gendell Continues to Unload Patrick Stock

In a continuing sell-off of Patrick Industries, Inc. (NASDAQ:PATK) stock, Jeffrey L. Et Al Gendell sold 59,659 shares of company stock, according to a disclosure filed with the Securities and Exchange Commission (SEC) dated Dec. 23, 2015. The shares were sold at an average price of $41.41 for a total …

Gendell Continues to Unload Patrick Stock Read More

City Ordinance Prevents Siting of more MH in Community

Kaj and Carla Sorensen would like to add three more manufactured homes to their Sorensen Rentals manufactured home community (MHC) in Milton, Fla., but the city’s Code of Land Ordinances is not zoned to allow any more non-conforming structures, according to what srpressgazette tells MHProNews. City Planner Randy Jorgenson said, …

City Ordinance Prevents Siting of more MH in Community Read More

Tontine Discloses Ownership of 1.43M Shares of Patrick

According to a required filing with the Securities and Exchange Commission (SEC), Tontine Capital Partners LP disclosed that it has a 9.3 percent stake in the common stock of Elkhart, IN-based Patrick Industries, Inc. (NASDAQ:PATK). Tontine currently owns 1,439,778 shares of stock valued at $60,225,914, as reported by dakotfinancialnews. Other …

Tontine Discloses Ownership of 1.43M Shares of Patrick Read More

MHARR Criticizes FHFA for Continuing to exclude Chattel Loans

 The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the so-called “new” duty to serve (DTS) rule issued by the Federal Housing Finance Agency (FHFA) Dec. 18, 2015, much like the original 2010 implementation, continues the exclusion of manufactured home (MH) chattel loans, which make up some 70 percent …

MHARR Criticizes FHFA for Continuing to exclude Chattel Loans Read More

Special Assessments on MHC Sites draws Ire of Owners

Manufactured home community owners in Bismarck, South Dakota are complaining that special assessments imposed by the city council on manufactured home sites are double those of lots for single-family homes, adding it puts an unfair burden on those who can least afford it. Residents pay taxes on their homes and …

Special Assessments on MHC Sites draws Ire of Owners Read More

SnapSpace may Move Modular Container Building Operation to South Carolina

A story MHProNews last published Sept. 10, 2015 concerning a business in Brewer, Maine that has been converting shipping containers into modular buildings since 2011, was ordered to cease and desist. The attorney general’s office said it was making manufactured homes (MH) without a license. It has now received a …

SnapSpace may Move Modular Container Building Operation to South Carolina Read More

Arizona County Postpones Ruling on Siting Older Manufactured Homes

Following a story MHProNews last published Nov. 16, 2015 regarding the Mojave County, Arizona’s Board of Supervisors attempt to limit siting in the county of manufactured homes no older than seven years old, the mojavedailynews reports the board took no action at Monday night’s meeting. Retailers, installers, manufactured home owners …

Arizona County Postpones Ruling on Siting Older Manufactured Homes Read More

Block Grants will Replace Manufactured Homes in Western NY

As part of a statewide allocation of $22.6 million in grants that will help create affordable housing, deliver social services and revive downtown communities covering 1,166 different projects, more than $2 million will be going to communities in western New York state to improve homes and help create a path …

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Existing Home Sales Fall, TILA-RESPA Rule Blamed

“The new rules are the reason I drink,” said Joe Parsons, a senior loan officer at mortgage lender PFS Funding in Dublin, California, referring to the federal home disclosure rules created to give borrowers more time to review documents. He says because the new rules are extending closing times beyond …

Existing Home Sales Fall, TILA-RESPA Rule Blamed Read More

Seattle’s Tent City Provides Structure for the Homeless

Tent City 3 in Seattle, Washington is a peer-run homeless encampment with ties to social welfare services and some 60 residents, according to news.ca.yahoo. A 2014 report from the National Law Center on Homelessness & Poverty (NLCHP) indicates citywide anti-camping bans have risen by 60 percent since 2011. The U. …

Seattle’s Tent City Provides Structure for the Homeless Read More

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