While bankers fear the Consumer Financial Protection Bureau (CFPB) under Director Richard Cordray may be too aggressive, he assures them he is balancing safety and soundness with consumer protection. In a wide-ranging interview with American Banker, he says despite the fight over his initial recess appointment, he and his staff …
Updating a story MHProNews first published Sept. 5, 2012 regarding the closing of Hilltop Mobile Home Park in State College, Pennsylvania, and last covered May 23, 2013 when the owners settled with the attorney general over payment relocation expenses, the planning commission is considering new options for the property. The …
Debate Continues over Former Land Lease Community Property Read More
Updating a story we posted July 5, 2013 regarding a manufactured housing community (MHC) owner’s plans to rehab his property being stymied by the city council, a recent vote by the council will encourage owners to make improvements within the guidelines of a new ordinance. In 1999, the council eliminated …
Texas City Sets New Ordinance for Manufactured Homes Read More
Following a story we posted Aug. 13 regarding mortgage fraud charges being brought against four managers of the manufactured housing retailer Phoenix Housing Group of Greensboro, North Carolina, one of the accused is now considered a fugitive. The four are charged with conspiring to defraud buyers of manufactured and modular …
The owner of a manufactured housing community (MHC) in Mansura, Louisiana may be charged with violating ordinances governing communities. At a meeting of the Mansura Town Council, the city inspector said the violations include the lack of skirting and porches on the homes, and the absence of a fence around …
Ordinance Violations at Manufactured Housing Community? Read More
It will more expensive for lenders to do business with the Federal Housing Administration (FHA) if a new method for determining lenders’ liability for poorly written loans that default is adopted. Currently, when defects are discovered lenders have to eat the losses on those loans. Under the new proposal, FHA …
Updating a story MHProNews posted Tue., Aug 13, concerning the state house’s passage of a rent control measure for the four manufactured housing communities in Acushnet, Massachusetts, Rep. Robert M. Koczera (D-New Bedford) says, “I have every reason to believe it will become law.” It now goes to the Senate …
Residents of the Pan and Fork manufactured housing community in Basalt, Colorado, just northwest of Aspen will be compensated for relocating due to a redevelopment project slated for their community. The town, which co-owns the property with the non-profit Roaring Fork Community Development Corporation, needs to do flood mitigation and …
Manufactured Housing Residents to Receive Relocation Expenses Read More
Top managers of Greensboro, North Carolina-based Phoenix Housing Group (PHG), a manufactured and modular housing retailer in North and South Carolina, have been charged with selling more than 1,100 homes in North Carolina financed with fraudulently-secured government backed loans, resulting in millions of dollars in losses to federal loan programs. …
Carolina Lender Closed due to Fraudulent Activities Read More
Residents at Brookside Mobile Home Park complaining about rising rents in their community has led to a state bill authorizing rent and eviction control rules in Acushnet, Massachusetts. Town Meeting members approved a home rule petition in June, 2012 that established a rent control board to oversee the town’s four …
While the Republican-led House Financial Services Committee is supporting legislation to totally eliminate Fannie Mae and Freddie Mac from the mortgage business with no government interference , the Democrat-majority Senate Banking Committee says the government needs to be a backstop to make certain borrowers of modest means can continue to …
Discarding Fannie Mae and Freddie Mac = A Nightmare Read More
Three months since Barry Swegle allegedly drove his bulldozer through a manufactured housing community east of Port Angeles, Washington, damaging or destroying four homes and other property, he remains in jail in lieu of a $1 million bond, while those impacted by his actions continue to rebuild their lives. A …
Bulldozer Roars through Manufactured Housing Community Read More
The Esto Town Council in the panhandle of Florida nearly straddling the Alabama state line approved the first reading of the newly proposed manufactured home ordinance which defines requirements before being sited in town. The homes “Must be structurally sound, clean, sanitary, well maintained and approved by council.” Any home …
Williams County commissioners in Williston, North Dakota are denying two Conditional Use Permit (CUP) extensions for workforce camps built to service oilfield workers. The extension for Rik Ostert was denied because he did not build a road he agreed to three years ago, and then rented space on his property …
North Dakota Oilfield Camps in Jeopardy of Being Closed Read More
The Pickens (South Carolina) City Council approved on first reading an ordinance that would allow additional manufactured homes into residential areas where they previously could not be sited. The new measure would also prevent additional manufactured housing communities from being built. Recommended by the city’s planning commission, the ordinance will …
Ordinance would Allow Manufactured Homes in the City Read More
The Moulton (Alabama) City Council discussed an ordinance to ban manufactured homes from all residential areas. According to dailytimes.com, the new ordinance will not require any rezoning, only the restrictions will change if it is approved. As MHProNews knows, Alabama ranks fourth in shipment states of manufactured housing. (Photo credit: …
While it is true that some older, pre-HUD Code homes may not be worth moving (except to the resident who cannot afford a better one), Robert Cochran, manager of Contempo Mobile Home Park in Spokane, Washington, disputes the notion that some homes are too old to be moved. While they …
The flooding that ravaged Calgary, Alberta, Canada in late June and early July, 2013 has resulted in a housing shortage that one Alderman is seeking to fill using Katrina Cottages. While relatively inexpensive at $115 a foot, the units are also small and easy to assemble. Alderman Druh Farrell would …
While many signs in the first half of 2013 indicate the housing recovery is real and palpable—housing starts are up 24 percent over the first half of 2012, existing home sales increased 32 percent year-over-year in June (excluding foreclosures and short sales), and the delinquency/foreclosure rate fell 14 percent—rising mortgage …
Updating a story MHProNews published July 3, 2013 regarding the anticipated closing of the Dallas West Mobile Home/RV community set for Aug. 31, current owner Cienda Partners has extended the final date to Jan. 31. Hispanic rights activist Carlos Quintanilla, representing the residents, had asked for $8,500 relocation allowance for …
Residents Offered Relocation Costs as Community Sets to Close Read More
