The new disclosure rule which combines the previous Truth in Lending Act (TILA) requirements with the Real Estate Settlement Practices Act (RESPA) into one Integrated Disclosure, called TRID, has not rolled out well due to mortgage software problems and Congressional inaction, said CFPB Director Richard Cordray to the Mortgage Bankers …
On May 14, 2015 MHProNews reported Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation that would require a manufactured home community owner to escrow 15 percent of the cost to update a water system if …
Ohio MHA Succeeds in Removing Objectionable Legislative Language Read More
As the TRID (Truth in Lending Act, or TILA) and the Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure rules went into effect last week–also known as “Know Before you Owe”– mortgage industry groups continue to ask for a grace period of four months from enforcement actions and private lawsuits. …
Mortgage Industry Pushing for Four-month Grace Period from TRID Read More
What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More
Writing in an Industry in Focus report, MHProNews publisher L. A. ‘Tony’ Kovach lines up various references and witnesses to call publicly upon CFED’s Doug Ryan to modify its opposition to the Preserving Access to Manufactured Housing Act (HR 650/S 682). Citing Barney Frank, Marty Lavin, research done by Jan …
Doug Ryan, CFED, HR 650/S 682 and Manufactured Home Lending Read More
The Western Manufactured Housing Communities Association (WMA) has notified MHProNews of a new California law that allows community owners to demolish abandoned MH as well as those acquired via a warehouse lien, a bill supported by the WMA. A warehouse lien is a charge for storage and preservation. The law …
At a meeting of the Dorchester County Council in Maryland, discussion focused on opting out of the state’s mandated sprinkler system requirement for new homes. The regulation also covers manufactured homes that relocate, and will need to be retro-fitted with sprinklers, according to what dorchesterbanner tells MHProNews. Adding sprinklers to …
What’s New in public focused Manufactured HomeLivingNews.com Weathering the Storms: How Manufactured Homes Can Do It Better A Surprising Solution to America’s Quality Affordable Housing Crisis Whispering Pines Manufactured Home Community – Somerset PA, Inside MH Video What’s New in Manufactured Housing Industry Professional News FHFA to roll out MH …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 27-Oct. 4, 2015 Read More
The House Financial Services Committee (HFSC) tells MHProNews the committee’s chairman, Rep. Jeb Hensarling (R-TX), delivered an opening statement in advance of the hearing on the semi-annual report of the Consumer Financial Protection Bureau (CFPB) with CFPB Director Richard Cordray. Noting a recent series of hearings before the HFSC revealed …
Rep. Jeb Hensarling Opens the Semi-annual CFPB Hearing Read More
MHProNews has learned from acainternational that the House Financial Services Committee will consider two bills relating to oversight of the Consumer Financial Protection Bureau (CFPB) at a hearing Wed., Sept 30, 2015 at 10 AM EST. Rep. Steve Stivers (R-OH) introduced Bureau of Consumer Financial Protection-Inspector General Reform Act of …
House Financial Services to Consider Bills Regarding CFPB Oversight Read More
The Manufactured Housing Institute (MHI) informs MHProNews that data regarding lending at 7,000 financial institutions and covering nearly 10 million mortgage applications and six million loan originations reveals manufactured home lenders are not making HOEPA (Home Ownership and Equity Protection Act) loans because of the increased liability and burdensome rules …
Data Confirms Dodd-Frank Regulations Impede Manufactured Home Loans Read More
What’s New in public focused Manufactured HomeLivingNews.com The Kennedy – Model Home Video Tour – New Durham Estates, Westville, IN Jack and Betsy Norman, Whispering Pines 55+ Manufactured Home Community, Somerset, PA What’s New in Manufactured Housing Industry Professional News Justice Dept. settles two MHC discrimination suits. Judge clears path …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 20-Sept. 27, 2015 Read More
A major pipeline build covering 52 miles from Cadiz to Canton, Ohio will create 400 jobs in the Dover area to serve as headquarters for the Marathon Oil project constructed by Price Gregory pipeline company, which is leasing 20 acres for offices and storage of tools, materials and equipment, according …
Factory-built Structures will Provide Offices and Storage for Pipeline Build Read More
What’s New in public focused Manufactured HomeLivingNews.com Video Previews! Home Tours – Interviews – Drones – Tips – Tech – Talk – Inside MH! Dr. David Harnish, Superintendent, Martin Public Schools – Professional’s Interview Video – Inside MH What’s New in Manufactured Housing Industry Professional News New “Inside MH” video …
Sunday Morning Recap-Manufactured Housing Industry News Sept. 13-Sept. 20, 2015 Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that both houses of the legislature voted to allow modular buildings and housing to be built four stories high, or 60 feet. Several of TMHA’s members expressed an interest in building modular hotels, multi-family and assisted living facilities in order to compete …
Modular Building Raising the Roof One Floor; MH Related Bills that were Checked Read More
According to ncconsumer, a bill in the North Carolina House Judiciary IV Committee would no longer require manufactured home dealers to return all payments made on a purchase if the dealer changes the terms of a signed contract. As MHProNews understands, the dealer would only be liable for the initial …
Bill in North Carolina Legislature would Alter Manufactured Home Sale Terms Read More
Writing in MHHomeLivingNews, award-winning writer Jan Hollingsworth recounts the story of the older gentleman, likely a farmer, in bib overalls who visited a manufactured home dealership in Kentucky. After two hours of perusing the possibilities of different homes, he chose one. But when he asked the salesman for help in …
What’s New in public focused Manufactured HomeLivingNews.com Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing Mary Zokoe talks Martin Motor Sports, Community Guidelines, More! Inside MH Road Show Video What’s New in Manufactured Housing Industry Professional News CFPB imposed appraisal rule on HPML loans one …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 23-Aug. 30, 2015 Read More
What’s New in public focused Manufactured HomeLivingNews.com Stan Dye talks Manufactured Home Lending and MH Site Preparation Do-It-Yourself Heat Tape Video! Prevent Winter Freeze Ups for Manufactured Homes and Houses over Crawl Spaces What’s New in Manufactured Housing Industry Professional News PBS Story on MH Finance Due. Sun, UMH, Adding …
Sunday Morning Recap-Manufactured Housing Industry News Aug. 16-Aug. 23, 2015 Read More
MHProNews has learned PBS News will soon be doing video interviews focusing on manufactured home lending. Sources tell us the interviewer will do a balanced report with views from both sides of the issue. Dr. Lesli Gooch from the Manufactured Housing Institute (MHI) writes how Dodd-Frank is harming the very …
PBS Segment on Manufactured Home Lending; MH Pros Need to Work Together Read More
