McGill Commercial of Beaverton, Oregon wants to build an age-restricted, 103-homesite manufactured housing community at the northern edge of Florence, OR, according to register-guard.com. On July 7, the city council voted unanimously to change the zoning from commercial to manufactured homes. McGill paid $450,000 for the 13.7-acre tract, and plans …
Charged with “illegally blocking borrowers’ attempts to save their homes,” the Consumer Financial Protection Bureau (CFPB) has fined Flagstar Bancorp $37.5 million for violating the agency’s mortgage servicing rules, reports housingwire.com. Flagstar allegedly took excessive time to process borrowers’ applications for foreclosure relief, denied loan modifications to qualified borrowers, and …
Flagstar Charged with Violating Mortgage Servicing Rules Read More
In a story MHProNews has been following since earlier this year, and last posted an article July 30, 2014, regarding Wyoming Homes owner David Valenti being charged with theft for selling modular homes and not delivering, a Freeland, Penn. women was awarded $59,060.28 in damages for a home that was …
Penn. Women Awarded $60k over Mangled Modular Home Deal Read More
Updating a post MHProNews last published Sept. 19, 2014 regarding the continuing saga in New York over the stalled 32-story modular apartment complex between developer Forest City Ratner and builder Skanska, construction is idled while counter lawsuits remain in the courts. According to nydailynews.com, Ratner cannot proceed with another contractor …
Design Flaw or Cost Overruns: Forest City Ratner versus Skanska Read More
While current Federal Aviation Administration (FAA) rules prohibit the use of Unmanned Aerial Vehicles (UAVs), commonly called drones, for commercial purposes, the National Association of Realtors (NAR) has sent a letter to the FAA asking for an exception since their motives have nothing to do with safety concerns. The NAR …
The new head of the Department of Housing and Urban Development, Julian Castro, in his first major policy speech, said lending standards have become too tight and policymakers need to find ways to expand the housing market. Speaking at a housing summit sponsored by the Bipartisan Policy Center, the former …
HUD Head Castro Supports Johnson-Crapo Reform Bill Read More
Updating a story MHProNews last posted Jan. 30, 2014 regarding a 16-year attempt by the residents of Naples Estates (Fla.) manufactured home community (MHC) to purchase their community, Collier County Circuit Judge Hugh Hayes had ruled in favor of the Naples Estates Homeowners Association (NEHA) to seek financing to buy …
Settlement of Sixteen Year Legal Wrangling between Owner and Community Pending Read More
The city of San Diego has offered to pay the residents of De Anza Cove manufactured housing community (MHC) $22 million in relocation expenses plus attorney fees to settle a lawsuit, following eleven years of legal wrangling. The homeowners’ attorney released a statement saying the city’s offer is a good …
The Franklin County (Missouri) Planning and Zoning Commission rejected a conditional use permit (CUP) plan to replace a series of duplexes, senior apartment and Korean-syle huts with single and multi-section manufactured homes for a 110-acre retreat complex for the National Association of Intercultural Family, Inc. (NAICFM). Initially approved in 2007, …
Planning Commission Rejects Manufactured Home Proposal Read More
A request by the owner of residential property in Pierce City, Missouri to re-zone the land as a manufactured home community (MHC) was denied by the city’s aldermen, which is keeping the owner from filling two vacant home sites. A local ordinance requires an empty slot to have a replacement …
Attempt to Replace Vacated Manufactured Home Sites Denied Read More
Updating a story MHProNews last posted Sept. 5, 2014 about the dispute between Ratner and Skanska in New York City that has brought to halt the construction of the largest modular tower in the world, concern is growing that if the project fails, financing for future modular projects may be …
William Matchneer, formerly senior counsel with the Consumer Financial Protection Bureau’s (CFPB) division of research, markets and regulations, has joined the law firm of Bradley Arant Boult Cummings in their litigation and compliance practice group. In addition to serving as team lead for implementation of the Dodd-Frank Act at the …
William Matchneer leaves CFPB for Bradley Arant Boult Cummings Read More
The next round of the Obama Administration’s Promise Zone applications will be discussed Friday, Sept. 19 at 11 AM eastern time by U. S. Housing and Urban Development Secretary Julian Castro, Department of Agriculture Secretary Tom Vilsack, Department of Transportation Secretary Anthony Foxx, Senator Bob Casey of Pennsylvania and Rep. …
Promise Zones Set to Expand to other Struggling Communities Read More
In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is …
Sun Communities to Sell Six Million Shares to Fund Acquisition Read More
The Upson County Planning Commission in west central Georgia conditionally approved rezoning of a manufactured housing community (MHC) to allow the community to expand. The 51-acre site has been zoned legal nonconforming for single-family residential, but did not allow any new manufactured homes to come in, nor be replaced if …
Georgia Planning Commission Approves Expansion of MHC Read More
Experts at the American Mortgage Conference say the combination of lenders apprehensive about making mistakes on loan apps and the qualified mortgage rule, and the need for low-cost financing to meet the changing demographics of minority and women home buyers whose income is not apt to rise, are two major …
Apprehensive Lenders, Changing Homebuyer Demographics Create Challenges Read More
Following a story MHProNews last posted Oct. 23, 2013, the Shoreline Trailer Court in Branford, Connecticut may lose its license to operate if a new management company is not brought on board by Oct. 1, according to nhregister.com. A proposal submitted by community management Renaissance Collaborative last fall did not …
The Federal Housing Administration (FHA) wants to reach out to borrowers with credit scores of 640-680 because lenders have pulled back from that borrower class over the last ten years, according to Frank Vetrano, of FHA’s risk management and regulatory affairs division, noting the housing downturn took many of these …
FHA Reaching Back to Borrowers with Lower Credit Scores Read More
Skyline Corporation received a going concern qualification from its independent registered public accounting firm, which was included in the Corporation’s Annual Report on Form 10-K, included with its consolidated financial statements for its fiscal year ending May 31, 2014, according to yahoofinance.com. The independent audit was filed with the Securities …
Following a story MHProNews posted Sept. 16, 2013 regarding the disastrous flooding in Colorado, the Federal Emergency Management Agency (FEMA) says it distributed $61,634,523 to uninsured homeowners hit by the flooding and rain, including $31,900 each to nearly all the residents of two manufactured home communities (MHCs) along the South …
Colorado MH Owners Float with FEMA Funds, while MHC Owners Sink Read More
