Updating a story that MHProNews last posted Aug. 1, 2014 concerning resident allegations that management of Blackhawk Estates manufactured home community (MHC) in Des Plaines, Illinois was removing property belonging to the residents and levying fines for children playing in the street, a second meeting to discuss concerns is set …
According to rgj.com in Nevada, the Yerington City Council approved development of the Pony Express Village manufactured home community (MHC) with 23 homesites. MHProNews understands the project was first unveiled in October 2009 but was shelved because of the state of the economy. The city stipulates that no homes can …
The Federal Housing Finance Agency (FHFA) wants to use the best elements of both government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to develop a single common security that “will improve liquidity in the housing finance markets,” according to FHFA Director Mel Watt. Currently, Freddie MBS (mortgage-backed securities) trade at …
Single Security Structure to Replace Fannie and Feddie Read More
The Manufactured Housing Institute’s Chairman Nathan Smith has been urging industry members to contact their U. S. Representatives in support of H. R. 1779 via the MHI’s new advocacy page, requiring just a few clicks to send a letter. Smith says both houses of Congress are in recess and the …
U. S. Representatives in Home Districts; Contact them to Support 1779 Read More
The Mortgage Bankers Association (MBA) reports residential mortgage delinquencies have fallen to six percent, according to their National Delinquency Survey, the lowest level since Q4 of 2007, and the fifth consecutive quarter of decline. Mike Fratantoni, MBA’s Chief Economist, informs MHProNews.com that strong job growth and continued increases in home …
The Village of Shiloh (southwestern Illinois) Board of Trustees has approved an agreement to authorize Village Administrator John Marquart to carry out the statutory requirements of the Abandoned Mobile Home Act, and assist the Valley View Estates manufactured home community in disposing of abandoned pre HUD Code homes, according to …
Statute Eases Removal of Abandoned Manufactured Homes Read More
Nathan Smith, Chairman of the Manufactured Housing Institute (MHI), is imploring industry members to contact their U. S. representative urging support for H. R. 1779, the Preserving Access to Manufactured Housing Act, when they return to Washington after Labor Day. The Dodd-Frank reform legislation has been successfully moved out of …
Industry Members Urged to Contact U. S. Representatives Read More
According to realestaterama.com, three manufactured housing communities in Moses Lake, Washington all become resident-owned communities, each governed by its own democratically-elected representatives. The 113 homesites comprising Lakeview Terrace, Ponderosa and Cascade Village were part of a portfolio owned by Cascade Communities, Ltd., with $3.3 million financing for the co-ops provided …
Homeownership in the U. S. continues to fall, hitting 64.7 percent, a level not seen in almost 20 years, and according to housingwire.com, the trend is not expected to reverse any time soon. Home price appreciation has been driven by investors buying up homes, not owner-occupant homes. Usually, as MHProNews …
While the Joplin, Missouri City Council continues to let contracts for onging infrastructure rebuild as the result of the horrific destruction of the May 22, 2011 tornado that took 158 lives, it also voted unanimously to approve historic designation for a Lustron house in the city. The metal-paneled modular homes …
The 32 residents of M & W Mobile Home Park in Alta Vista, West Virginia may have to vacate the community if the town council upholds its ruling to deny renewal of the permit to operate. Neither the community owner nor the residents were aware the council was holding a …
The Bank of America (BAC) has been ordered to pay nearly $1.3 billion for mortgage fraud committed by Countrywide before B of A bought out the mortgage broker during the financial crisis. The loans were initially made through a lending program called the “High Speed Swim Lane,” involving little or …
Bank of America Paying for Countrywide’s Mortgage Fraud Read More
A request to change zoning from manufactured housing to light industrial in Sapulpa, Oklahoma, forcing the closing of Rolling Hills Mobile Home Park and displacing the residents of the 33 homes was put on hold by the county commissioners until the Sept. 22 meeting. The owner of the property, Marty …
Developer wants to Close Manufactured Housing Community Read More
Following up on a story MHProNews last posted July 21, 2014, the hearing for Wyoming Homes owner David Valenti of Moosic, Pennsylvania included a set of new theft charges at his arraignment for the previous violations of the consumer protection laws, alleging he received down payments on modular homes that …
The Huntington Beach (California) City Council voted 4-3 to bring the issue of rent control for residents of the city’s manufactured housing communities (MHCs) to a ballot measure for voters. MHC residents have complained recently that rents have risen as much as 50 percent in the last six months, according …
Rent Control Set for Ballot Measure in California City Read More
The General Assembly of North Carolina is considering House Bill 625 which would allow a temporary transportable residential structure to be sited on lots zoned single-family residential to care for a physically or mentally impaired person, providing the housing unit complies with all federal, state and local building codes and …
North Carolina Considering Temporary MH Health Care Facility Read More
Jacksonville, Fla.-based analytics firm Black Knight Financial Services reports foreclosure inventory fell to its lowest level in six years in June, dropping 36 percent from a year earlier to 951,000 properties, according to nationalmortgagenews.com. Marking its 26th consecutive month of declines, foreclosure starts numbered 88,300 in June, a drop of …
Foreclosure Inventory and Delinquency Rate Fall from Year Ago Read More
At the Dorchester County Council meeting in southern South Carolina, MHProNews has learned the council rezoned 1.98 acres on Claussen St. from Multi-family Residential to Single-family Residential, Manufactured Housing, according to journalscene.com. ## (Image credit: Bing Images)
Following a story MHProNews last posted June 16, 2014, the Pennsylvania attorney-general’s office is suing David Valenti, president of Wyoming Homes for alleged violations of the consumer protection laws and is seeking to permanently close the business. Twenty complaints were lodged against the business from Aug. 2011 to Dec. 2013 …
In a letter to “Anne” of the democratandchronicle.com of Rochester, New York, the questioner describes a seasonal community on the water in New York state, which sites single-section manufactured homes (MH)and travel trailers that requires a fee of $1,000 payable to the community owner if a home is sold to …
Rules Regarding Seasonal Manufactured Housing Communities may be Unexpected Read More
