The Daily Business News has been advised of a meeting at the Department of Housing and Urban Development (HUD), which took place on July 25, 2018. The focus of that high-level meeting’s discussion? It could be summarized with the following bullets. To: • obtain more personal property financing options …
“When in the course of human events…” Day by day, people make life-changing decisions. Those choices can be for good or ill. A fact without context may have little discernible meaning. To properly understand the present, or any moment in time, one must understand what occurred previously. In the famous …
The Collingwood Group tells the Daily Business News about new research that may signal a looming challenge in manufactured home lending. “…a recent study tracking delinquencies among mobile-home [sic] loans could signal the build-up of troubling trends,” said DS News. “Are increasing mobile home delinquencies the “canary in the …
Manufactured Home Loan Delinquencies Rising, Per ABA, FED Read More
ECN Capital, the new parent company for Triad Financial Services, has reported year-over-year growth of 14.4 percent in 2017, vs. 2016. That translates into some $466 million in loans. Triad formally closed their deal with ECN on December 29, 2017. The significance for manufactured housing is this. Unlike some …
Triad Financial Service’s Parent Company, ECN Capital – First Data Report Read More
In the video interview with Kevin Clayton, the son of Jim Clayton says what Warren Buffett, Chairman of Berkshire Hathaway says is what’s wrong with the manufactured home industry. Per Clayton, Buffett says it’s resale. “Kevin, it seems to me that the problem of your industry is resale.” – …
The column below could carry a sub-title – proven results vs. hype and hot air. Every organization worth its salt takes a periodic victory lap. The same occurs in manufactured housing. The Manufactured Housing Institute (MHI) has periodically claimed or hinted that under their “leadership” on issues that they …
Documented Results from Manufactured Housing Industry Leadership Read More
The Manufactured Housing Association for Regulatory Reform (MHARR), in a February 27, 2018 communication to the Chief Executive Officer of Freddie Mac (linked below), demanded clarification of that organization’s implementation of the “Duty to Serve Underserved Markets” (DTS) in relation to a so-called “new class” of “manufactured home being developed …
Rates have moved closer towards 5 percent. Loan applications are dropping, per the Mortgage Bankers Association (MBA). What was problematic for conventional housing, 2 or 3 decades ago, used to be ‘good news’ for manufactured housing sales. That was then. More recently, the HUD Code manufactured housing …
Mortgage Loans Applications “Tank” Two Looks at Rising Rates, MH Industry Impact? Read More
Industry professionals are reminded that the deadline for comments to HUD about the manufactured housing program operation and regulations is rapidly approaching. Dozens of comments have already been posted by home owners, realtors, industry professionals and others. What follows is from the Federal Register. But perhaps the key to …
Federal Manufactured Housing Program Review Comments Due Next Week, 2.26.2018 Read More
Award winning investigative reporter and best-selling author, Sharyl Attkisson begins her research with a simple premise. “Follow the money.” The award-winning Attkisson knows from experience that the connections and trail that money creates can be revealing. In analysis of the Urban Institute research on their controversial report on …
Redfin, CNBC and Mortgage Daily News are among those focused on what rising interest rates would mean for the conventional housing market. That’s important to manufactured housing professionals whose businesses are focused, on selling to home buyers. First, the impact on conventional housing report of rising mortgage rates, then the …
Triad Financial Services is now part of Canadian based ECN Capital, a publicly traded company, as the Daily Business News has previously reported. ECN/Triad produced a power point designed for investors. Three of those slides have been published on MHLivingNews, as part of a broader report for savvy shoppers of …
The image to the left and those below are from a Manufactured Housing Institute (MHI) produced booklet. It’s good. With nuanced exceptions, it’s accurate. This booklet – combined with other educational materials – are precisely the kind of document that could appeal to and inform: home buyers/consumers, public officials, policy …
Appealing Manufactured Housing Institute (MHI) Marketing, Finance Booklet Reviewed Read More
“Senators need to hear directly from YOU about the importance of floor plan financing to your business. Call your Republican Senators and ask them to cosponsor Senator Rand Paul’s amendment to ensure floor plan interest remains fully deductible,” said the National Automobile Dealers Association (NADA). In a media release, David …
Almost a decade after the enactment of the Housing and Economic Recovery Act (HERA 2008) that birthed the Duty to Serve and the SAFE Act, the Federal Housing Finance Agency (FHFA) has published “its final Evaluation Guidance for the Duty to Serve Program.” In a release to MHProNews, the FHFA …
“There seems to be some perverse human characteristic that likes to make easy things difficult.” – Warren Buffett, Berkshire Hathaway (BH) Chairman, parent to Clayton Homes, Vanderbilt Mortgage and Finance (VMF) & 21st Mortgage Corp, other industry suppliers, et al, cited per BrainyQuote. The essence of simplicity for business …
The Mortgage Bankers Association (MBA) tells the Daily Business News in a release that, “Our most recent forecast released this week estimates that home purchase originations will increase at a faster clip in 2018, nearly double the rate that they increased in 2017, to $1.2 trillion.” “In contrast, we expect …
Latest Mortgage Bankers Research Reveals 2018 Finance Forecast Read More
“The CFPB is “protecting” people right out of affordable manufactured homeownership. Congress should fight to give families opportunities – not take them away,” said Representative Andy Barr (R-KY) when a group of bipartisan representatives introduced the Preserving Access to Manufactured Housing Act back in March, per Global Newswire. There is …
Senators Fighting for Preserve Access to Manufactured Housing, Reality Checks Read More
The comments period is closed, but the documents filed can reveal much, and as they are posted by the Federal Housing Finance Agency (FHFA), are becoming a matter of public record. Among those comments are one that claims to be packed with details that reveal the “true story” of the …
The comments deadline to the Federal Housing Finance Agency (FHFA) regarding the controversial Duty to Serve (DTS) Manufactured Housing by the Government Sponsored Enterprises (GSEs or “Enterprises”) are reportedly due at Monday night, by 11:59 PM. MHProNews and MHLivingNews publisher L. A. ‘Tony’ Kovach submitted the comments, linked here as …
GSEs Duty to Serve Manufactured Housing Comments Due by 11:59 PM 7-10-2017 Read More
