On the heels of the Seattle Times/Center for Public Integrity’s stinging criticism alleging predatory lending practices by the manufactured housing industry in general, and Warren Buffett/Clayton Homes in particular, MHProNews reached out to Sen. Joe Donnelly (D-IN), who introduced the bipartisan bill S 682, Preserving Access to Manufactured Housing in …
In response to an article by the editorial board of The New York Times in the May 20, 2015 edition which asserts that the Preserving Access to Manufactured Housing Act (H. R. 650) would increase predatory lending to consumers of manufactured housing, and would give Clayton Homes 90 percent of …
The U. S. news this week was dominated by the flooding that ravaged Texas, leading to the loss of some 30 lives, 4,000 damaged homes and millions of dollars in damages. In manufactured housing news, residents at an MHC threaten to move because of high utilities, UMH acquires another MHC, …
The 59 percent increase in water and garbage pickup rates in New Sarepta, Alberta, Canada has some residents of the New Sarepta Mobile Home Park and the city ready to leave. A group of citizens attended the Leduc County Council meeting to request changes. Rate hikes went into effect in …
Manufactured Home Community Residents Balk at Utilities Increase Read More
According to housingwire, the Oklahoma County Property Assessor records indicate leading progressive Democrat Elizabeth Warren allegedly took advantage of a housing market transaction that many do and have done, and one she purportedly condemns—flipping houses. She purchased a home for $30,000 in Oklahoma City in he early 1990s, and five …
Following a story we first posted May 18, 2015 regarding a development in North Platte, Nebraska that will include modular housing for low-to-moderate income residents, nptelegraph informs MHProNews that nine developers have shown interest in building 21 units of the 43 DEVCO intends to complete with the $344,000 funding. Called …
The North Carolina Department of Environment and Natural Resources has awarded Alamance County $24,000 to demolish and recycle 17 abandoned manufactured homes. Eligibility requirements state that the home must be privately owned and vacant, and owners voluntarily agree that the homes need to be demolished, according to thetimesnews. A pilot …
County Receives Funding to Demolish Abandoned Manufactured Homes Read More
According to marlindemocrat, a request to site a manufactured home (MH) near the Marlin Men’s Civic Association building led to some confusion at the Marlin (Texas) City Council meeting recently. While city attorney Mike Dixon remembered drafting an ordinance regarding the placement of MH, City Secretary Sandra Herring said no …
While he supports free enterprise in the mortgage market, former Ginnie Mae President Joseph Murin, in a blog on housingwire, says without the federal guarantee offered by the Federal Housing Administration, the Department of Agriculture and Veterans Administration mortgages, the U. S. economy may have fallen farther than it did. …
Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae……… Read More
U. S. Senator David Perdue (R-GA) has introduced legislation to make the Consumer Financial Protection Bureau (CFPB) more accountable by bringing it under the Congressional appropriations process and thereby give it Congressional oversight, according to nationalmortgageprofessional. The CFPB is currently under the Federal Reserve which is beyond the each of …
Georgia Senator Introduces Measure to Harness CFPB Read More
The residents of Firwood Lane Mobile Home Park in Kirkland received notice they have one year to move from their 32 homesite manufactured home community (MHC) as the result of a change in ownership. The new owners, PSW Real Estate, intend to built 19 new homes valued at $700,000 to …
MHProNews has learned Drew Industries, Inc. (NYSE:DW) President Scott T. Mereness sold 3,803 shares of company stock at $63.50 a share for a total value of $241,490.50, as disclosed in a filing with the Securities and Exchange Commission (SEC). It was not immediately known how many shares Mereness continues to …
In this week’s News: Despite Zoning, MH would be Replaced. Modular Housing adding up. Builder Confidence Slips. Aries Mods in NC. Art’s Way Honored. Deer Valley Stock Zooms. Owning Cheaper than Renting. Good Housing Deals in Rust Belt. Rent Stabilization Extended. Mainstream Media Hinders MH Buyers with no Recourse. Correct …
Federal Reserve Chair Janet Yellen said that if the economy maintains the path of improvement it is on currently, it will be “appropriate” for the Fed to raise the Federal Funds Rate later this year, which will increase the interest rate for mortgages, according to housingwire. “Because of the substantial …
Interest Rates will Likely Ease Upwards this year, says Janet Yellen Read More
The Manufactured Housing Institute (MHI) informs MHProNews that the Senate Banking Committee passed regulatory relief legislation that had been drafted by Committee Chairman Richard Shelby (R-AL). The 12-10 vote along party lines represents the most significant change to Dodd-Frank since it was enacted. Section 108 of the bill includes provisions …
Senate Banking Committee Passes Manufactured Housing Finance Reform Read More
Zoning laws have not caught up with the Tiny House movement, as Jennifer Baxter of Mecklenburg County North Carolina has discovered. The 144 square-foot home that is scheduled for delivery May 31, is built on a 20-foot trailer. Since it is not on a foundation, it cannot lawfully be considered …
Following a story covering some 18 years legal wrangling by the residents of Naples Estates manufactured home community (MHC) in Florida to buy their community, as MHProNews last reported Oct. 8, 2014, a state appeals court upheld the ruling of a lower court affirming the homeowners right to purchase their …
Residents Finally Win Right to buy Manufactured Home Community Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that the Department of Housing and Urban Development (HUD) has terminated the dispute resolution (DR) subcontract the Savan Group, LLC has enjoyed with the manufactured housing program contractor, the Institute for Building Technology and Safety (IBTS). MHARR pointed out in …
HUD Terminates Contractual Relationship of Savan and IBTS Read More
Steve Larson and his wife in Brownsboro, Texas asked the city council May 14 for an exemption that would allow them to site two manufactured homes (MH) on property they own within the city. Mayor Terry Mills replied that before he took office an ordinance was adopted prohibiting MH in …
Brownsboro Refuses to Allow Manufactured Homes a Home Read More
From La Center, Washington MHProNews has learned the Country Hills Estates manufactured home community (MHC) was originally zoned as a condo complex because it was outside the city and the county refused to give it the designation afforded an MHC. As a result, when homeowners tried to sell their homes …
Rezoning Helps Manufactured Home Residents Buy, Sell Property Read More
