Palmbeachpost reports from Jupiter, Florida that the town council will consider a proposal to close Whitehaven Seniors Adult Park and build multi-family rental units and a shopping center on the 29 acres. The developer, Jupiter-based FLF 1030 LLC, would be required to pay the town $336,000 toward affordable housing programs …
Multi-family Units, Shopping Center to Replace MHC Read More
The House Financial Services Committee says after an extensive nine month audit by the Government Accountability Office (GAO) of the Financial Stability Oversight Committee (FSOC) and the Office of Financial Research (OFR), both creations of the Dodd-Frank Act, public information of their activities is limited. Financial Services Committee Chairman Spencer …
Dodd-Frank Entities Lack Transparency and Accountability Read More
nationalmortgagenews says, according to a new government report, servicers that work on delinquent FHA (Federal Housing Administration)-insured mortgages are shoring up the agency’s losses on insurance claims because they are becoming more adept at dealing with short sales. The FHA says its servicers completed 27,150 short sales for the first …
originationnews reports banks under the $10 billion threshold for compliance with the ever-shifting Dodd-Frank Act are unsure of which aspects of the measure apply to them, and are outsourcing because their own IT departments cannot keep track of the provisions that are delayed and/or rewritten. Cashmere Valley Bank in Washington …
HousingWire reports Ann Fulmer, with fraud analytics firm Interthinx, said the nation’s housing meltdown, with all the mortgage-backed securities litigation, bailouts, lost home equity, and lawsuits cost $13 trillion, almost as much as the $15 trillion gross domestic product (GDP) for 2011. Speaking at a Mortgage Bankers Association (MBA) gathering, …
CNNMoney reports the $25 billion settlement between the country’s five largest banks and the state attorneys general and federal government has led to JPMorgan Chase offering mortgage relief for thousands of its customers. The settlement gives banks the most credit for loan modifications completed in the first year, so Chase …
Hawaiireporter says Honolulu City Council member Tom Berg is proposing a five-year pilot program to erect temporary modular housing for farm workers on the Leeward Coast of Oahu, noting $1,600 a month rents make it difficult to keep long-term employees. Considerable resources are spent training new workers, but the availability …
The vagazette informs MHProNews compassion led the Planning Commission in James City, Virginia to take a step beyond the legal border of the Public Service Area (PSA) and recommend extending sewer service to residents of the Greensprings Mobile Home Park. The two-and-a-half hour meeting saw several of the 80 residents …
KTICRadio in Nebraska informs MHProNews the Nebraska Public Service Commission it will lower seal fees it charges manufactured and modular homes. Mark Lutich, Department of Housing and Recreational Vehicles director, says several years ago in the throes of the housing downturn when production was low, the department had to let …
MHProNews has received communication that the U. S. Dept. of Housing and Urban Development (HUD) is offering disaster relief assistance to portions of Mississippi and Louisiana in the wake of damages from Hurricane Isaac following President Obama’s disaster declaration Wed. Aug. 29. Families that have been forced from their homes …
Ronnie Richards of American Homestar Corp. tells MHProNews a report by HousingWire reveals while mortgage rates have hit record lows since the beginning of the year, the effective interest rate has not changed because the Federal Housing Administration (FHA) raised its insurance premiums due to its troubled emergency insurance fund, …
Rising FHA Insurance Raises Effective Interest Rate Read More
CNNmoney says in a complaint filed last month, the Los Angeles city attorney’s office accused U.S. Bank of contributing to crime, blighting neighborhoods, and harming property values by failing to maintain 170 foreclosed properties. With 3,000 branches in 25 states, the nation’s fifth largest bank is being called the largest …
The abqjournal in New Mexico reports a proposal to make manufactured housing have a more southwestern style look may meet with opposition because of the increased cost to people living in the houses. As part of an initiative to improve the Airport Road area in south Santa Fe, Councilor Carmichael …
Proposal would Require MH to have “Southwest Look” Read More
The Brownsville Herald in Texas says the San Benito utility board will try to pass a $10 monthly fee on manufactured homes to help pay for a $17.7 million water and sewer plant upgrade in this city just north of Brownsville. Last year the city levied the fee on unmetered …
gobogolusa reports the Washington Parish Planning Commission in Louisiana is considering amending parish regulations that prevents any manufactured home made before 1988 from being sited in the parish. That ordinance was instituted to prevent decrepit homes from being sited in the parish and rented as substandard housing, but the Louisiana …
As follow-up to a story we published Aug. 17, 2012 about loan originator compensation, the Consumer Financial Protection Bureau (CFPB) has issued a new proposal which gives management more control of pricing, and prohibits loan originators from leading borrowers into higher cost or higher risk loans as a means to …
Harking back to a story we have been following since Sept. 2011 and that we last covered July 13, 2012, Edgeway Mobile Home Park in Middleboro, Massachusetts has been under a cloud of violations, court judgments, and missed deadlines since it first opened in the 1990’s, and now, since original …
As follow up to a story we posted Aug. 13, 2012 concerning Cameron’s Mobile Estates in Santee, California attempt to raise rents in their 303 site community by an average of $422. to $557, utsandiego says the Santee City Council unanimously upheld a decision by the Santee Manufactured Home Fair …
Harking back to a story we have been following over a year about Garden Homes Management seeking approval to develop a manufactured housing community in Oxford, Connecticut since 2006, through a series of denials and re-submissions and a court case, the Conservation Commission, Inland Wetlands Agency (CCIWA) will hold a …
In re-visiting a story we last published Aug. 15, 2012 about the Clawson Mobile Home Park in Boone, North Carolina being closed to make way for a 266-unit student housing complex, the WataugaDemocrat reports the Boone Town Council unanimously voted Tue. Aug 21 to deny the petition by Mega Builders …
