According to OriginationNews, the Consumer Financial Protection Bureau (CFPB) wants to standardize training so all loan originators meet the same requirements for fitness, character, and financial responsibility. The new standards would erase some of the differences between bank loan originators and state-licensed LOs created by Congress’ passage of the SAFE …
Regulation would Standardize Loan Originator Training Read More
ADN reports the Dayton Daily News in Ohio says only about 6,000 of the 140,700 eligible Ohioans who received foreclosure notices 2009-2010 have asked for a review of their case despite the possibility of receiving up to $125,000 if the borrower was not in default when the foreclosure process began. …
Foreclosed Homeowners in Ohio Reluctant to Respond Read More
MHProNews has learned following a five day bench trial, the law firm of Hart, King & Coldren (HKC) of Santa Ana, California successfully defended its client, a trust, against another trust that claimed 75 percent ownership of real property in Los Angeles County of which HKC’s client owned half. Having …
MHProNews has learned from the Alabaster Reporter in Alabaster, Alabama, just south of Birmingham, AL State Sen. Cam Ward wants to pass legislation establishing uniform regulations dealing with the manufactured housing industry. Presiding over the Uniform Law Conference, Ward says manufactured housing is produced in one state and often transported …
State Senator: Establish Interstate Regulations for MH Industry Read More
MHProNews has learned that of a new state regulation requiring approved carbon monoxide detectors to be installed in all new and existing manufactured homes and multi-family manufactured homes effective July 1, 2012, whether occupied or sitting in inventory on a dealer’s lot. According to the law firm of Hart, King …
Following up on a story we began covering Sept. 2011 that we last covered June 28, 2012, the Edgeway Mobile Home Park in Middleboro, Massachusetts, will be licensed for the first time since 2004, as SouthCoastToday tells MHProNews.com. The MHC was never completed according to the plan submitted to the …
MHC License Returns, but Residents Remain Skeptical Read More
Following a story we last published Sept. 19,2001 concerning the five year battle over a proposed development of two MHCs in Oxford, Connecticut, Garden Homes Management has resubmitted plans for the property, this time proposing 126 manufactured homes, reports the oxford-ctpatch. Opposition has come from the neighborhood and the Oxford …
Speaking for the Manufactured Housing Institute (MHI) at a hearing on the impact of Dodd-Frank mortgage requirements before the House Financial Services subcommittee on Financial Institutions and Consumer Credit Wed. July 11, Tom Hodges, General Counsel for Clayton Homes, suggested Congress create a secondary market for manufactured home buyers so …
Following up on a story we posted yesterday, July 10, yourdailyjournal reports the Rockingham (North Carolina) City Council denied a request from Charles Seago to rezone land from business to residential so he could site four additional manufactured homes on the property on which he already has five MH. Although …
Harking back to a story we published June 8, 2012, the Milford, Connecticut Planning and Zoning Board approved plans for a 36-unit multifamily development after receiving a report from the Department of Energy and Environmental Protection (DEEP), as well as the city’s health department, that development of the site posed …
theherald-nc reports the owner of the Lighthouse Christian Academy in Smithfield, North Carolina had to close the school because of the economy, and unable to find a church to help cover the cost of the mortgage on the modular building, decided to make it a boarding house to accommodate ten …
In an interview with Rob Blackwell of NationalMortgageNews, new Consumer Financial Protection Bureau (CFPB) Director Richard Cordray says his biggest accomplishment is creating the complaint database so consumers can contact the agency directly if they have a problem. Noting this kind of job is never done because an avalanche of …
At its meeting tonight, July 10, the Rockingham (North Carolina) City Council will consider a re-zoning request by Charles Seago to allow up to nine manufactured homes to be sited on land he owns. He currently has five homes on the property but wants to expand to nine homes, according …
azstarnet reports the two major mortgage market overseers in the federal government are trying to convince private lenders to ease up on lending restrictions that have become tighter than those required by Fannie Mae and Freddie Mac, which are under the jurisdiction of the Federal Housing Finance Agency, and the …
DaytonaBizLaw reports the Fourth District Court of Appeals in Florida, in the case of Hanrahan vs. Hometown America, LLC, involving a property owner’s responsibility to protect a tenant from insects, ruled in favor of Hometown America. A resident was attacked by a swarm of red ants that evidently led to …
According to the Arizona Daily Star, the tough new Federal Housing Authority (FHA) loan restrictions that could have negatively affected one third of mortgage applications have been lifted to be replaced with a more lenient policy. Scheduled to have taken effect July 1, 1012, the original plan would have required …
Quad-Cities reports from Rock Island, Illinois, just across the Mississippi River from Davenport, Iowa, taxes for manufactured homes are due in the Rock Island County Treasurers Office July 9, 2012. Payments postmarked July 9 will not be considered late. State law imposes a fine of $25 per month, or any …
Considered the toughest in the nation, Alabama’s immigration law requires state regulatory boards to check the residency status of everyone who is licensed to do business in AL. NECN reports the Alabama Manufactured Housing Commission (AMHC) is one of several that has not been compliant in enforcing the law. Jim …
NJ reports from Pennsville, New Jersey township officials have unanimously voted to increase fess on manufactured homes in MHCs from $24 to $28 a month, collected by the MHC owner and then forwarded to the township. There are approximately 200 homes in the White Oaks and Southbridge communities in this …
CoshoctonTribune reports from Coshocton, Ohio, according to a revised state code, a $5 fee is now required to move any manufactured home on a public road within the state, and a Relocation Notice must be attached to the back of the home during the move. The permit can be obtained …
