Manufactured and Modular Housing News

News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.

Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans

By / August 17, 2015 / Business, Company News, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes

Datacomp, a provider of manufactured home (MH) appraisals and MH industry market data since 1987, has informed MHProNews of its new manufactured home valuation service that enables compliance with the rules for Higher-Priced Mortgage Loans (HPML) that now cover most financed manufactured home transactions. Datacomp MSRV (Market-Suggested Retail Value) can …

Datacomp Announces new Valuation Tool to Comply with Higher-Priced Mortgage Loans Read More

Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days

By / August 17, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Traffic deaths up 14 percent in 2015. Drop in oil prices not affecting Texas due to state’s diversification. Google, Pepsi, Microsoft, Mastercard, Adobe and Harmon are all run by India-born CEOs, a large U. S. trend. Social Security turns 80. Northwestern football players lose opportunity …

Louisiana Pacific Gains Nearly 6% in Two Straight Trading Days Read More

Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes

By / August 17, 2015 / Business, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Modular

Although the government of South Africa has built more than 2.6 million homes since 1994, it is estimated there remains a shortage of 2.3 million family homes. A definite gap remains between those who do not qualify for a government-subsidized house and an entry level home, according to estatetimesnigeria. Working …

Container Homes in South Africa face Lending Challenge similar to U. S. Manufactured Homes Read More

Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau

By / August 17, 2015 / Advocacy, Business, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

A measure introduced in the Senate by U. S. Senators Mike Rounds (R-SD) and Angus King (I-ME) would give community banks, credit unions and small businesses a say in the Consumer Financial Protection Bureau’s (CFPB) rulemaking process, according to what dsnews tells MHProNews. Known as the Bureau of Consumer Financial …

Bill would Give a Voice to Smaller Lenders within the Consumer Financial Protection Bureau Read More

Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs

By / August 16, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

With only five months before a 20 year-old agreement stabilizing manufactured home community (MHC) rents expires in Vista, California, talks between residents and community owners have reached a stalemate. During talks that began in April, owners insisted residents pay for updating infrastructure in the aging communities, according to sandiegouniontribune. Most …

Manufactured Home Community Owners, Residents at Odds over Infrastructure Repairs Read More

Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015

By / August 15, 2015 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Nubble Lighthouse and Sohier Park. York, Maine – US Destination What’s New in Manufactured Housing Industry Professional News GSEs set to offer secondary market for manufactured home loans. Two MHCs change hands, new MHC planned in Canada. CFPB not protecting consumers OR employees. …

Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015 Read More

Consumer Financial Protection Bureau is Rife with Discrimination

By / August 15, 2015 / Advocacy, Business, Economy, Legal, Manufactured and Modular Housing News, regulation

Writing in townhall, Ken Blackwell says the four-year old Consumer Financial Protection Bureau (CFPB) discriminates against the people it has vowed to protect, inside and outside the agency, and is riddled with waste, inefficiency and mismanagement. Noting Director Richard Cordray would be out of a job if the agency was …

Consumer Financial Protection Bureau is Rife with Discrimination Read More

246 Site Manufactured Home Community Sold in Michigan

By / August 14, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Coachman’s Cove manufactured home community (MHC) in Munith, Michigan was sold at auction July 24 by Friedman Integrated Real Estate Solutions, according to rejournals. Consisting of 213 single section home sites and 33 sites for multi-section, Coachman is located 30 minutes from Ann Arbor on Big Portage Lake next to …

246 Site Manufactured Home Community Sold in Michigan Read More

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Bowersox Takes Vice President Position with Manufactured Housing Institute

By / September 12, 2019 / Company News, Manufactured and Modular Housing News, Manufactured Homes, People, RV

MHProNews has learned from the Indiana Manufactured Housing Association-Recreation Vehicle Indiana Council (IMHA-RVIC) that Executive Director Mark Bowersox has resigned his position as of Sept. 5, 2015. With IMHA-RVIC for 12 years, he began as the association’s RV director, added the title of marketing director before being promoted to Executive …

Bowersox Takes Vice President Position with Manufactured Housing Institute Read More

Shigeru Ban develops Modular Shelter for Quake Survivors in Nepal

By / August 14, 2015 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

Following the April and May 2015 earthquakes that caused 9,000 deaths and injured 25,000 in Nepal, the worst earthquake to hit the country in more than 80 years, prize-winning Japanese architect Shigeru Ban has developed a modular shelter home for the survivors made in part from the rubble resulting from …

Shigeru Ban develops Modular Shelter for Quake Survivors in Nepal Read More

Kingsley Management Corp. Acquires Florida Manufactured Home Community

By / August 14, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, mobile home

MHProNews has learned from businessobserverfl that Southwind Mobile Home Park in Palm Harbor, Florida has been sold by Belle Vista Properties LLC for $18.2 million to Kingsley Management Corp. of Provo, Utah. The 213 home site, age-restricted manufactured home community (MHC), which previously sold for $7 million in 1999, is …

Kingsley Management Corp. Acquires Florida Manufactured Home Community Read More

Modular Homes will Result from Land Bank Transfer

By / August 13, 2015 / Factory-Built Homes, Manufactured and Modular Housing News, Modular

Updating a story MHProNews published July 10, 2015 about non-profit Interfaith Housing Services in Hutchinson, Kansas set to receive property from the Hutchinson Land Bank for two modular homes, land bank chairman Mark Eaton said, “We are very excited to transfer our first property. And we have three other properties …

Modular Homes will Result from Land Bank Transfer Read More

Secondary Market for Manufactured Home Loans Directive Due Soon

By / August 14, 2015 / Advocacy, Communities, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, regulation

While the “duty to serve” mandate requiring loans be made available for manufactured home purchases has been on the books since 2008 but never enforced, it may soon see the light of day. The Federal Housing Finance Agency (FHFA) is set to require Fannie Mae and Freddie Mac to purchase …

Secondary Market for Manufactured Home Loans Directive Due Soon Read More

San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities

By / August 13, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

Following a story MHProNews posted Aug. 8, 2015 regarding San Jose, California’s attempt to forestall the re-purposing of the city’s 59 land lease communities, mercurynews reports the San Jose City Council directed staff to develop an ordinance within two weeks that would prevent the city from processing any paperwork to …

San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities Read More

Council Strengthens Language Regarding Relocating Residents

By / August 13, 2015 / Business, Canada, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

While manufactured home community (MHC) owners in Langley Township, British Columbia, Canada cannot be compelled to pay relocation costs to displaced residents when redeveloping their communities, municipalities can negotiate relocation costs with the owner when application is made for rezoning, according to langleytimes. The Seniors Advisory Committee had asked the …

Council Strengthens Language Regarding Relocating Residents Read More

Patrick Gains the Most of MH Stocks; MHCV Slips

By / August 13, 2015 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Iran is hiding more oil at sea then we knew about. Women with MBAs are choosing Google over Goldman Sachs. Oil falls to a six-year low, hitting $41.92 a barrel, well below the $100 a barrel one year ago—Texas and North Dakota feel the pinch. …

Patrick Gains the Most of MH Stocks; MHCV Slips Read More

Land Bank Authority Funds Modular Housing Project

By / August 13, 2015 / Business, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular

In the second project of Dauphin County’s Land Bank Authority, four dilapidated townhouses will be demolished and replaced with five modular homes in Susquehanna Township, a suburb of Harrisburg, Pennsylvania, according to what pennlive tells MHProNews. Three health officers have been working on the four buildings over the years, citing …

Land Bank Authority Funds Modular Housing Project Read More

Manufactured Home Community Founder Supports Non-profit in New Jersey

By / August 12, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned from sboanj that Eugene Landy and his wife will serve as Grand Marshals for the Fourth Annual Open Space Pace on Saturday, September 19, 2015, an event of the Standardbred Breeders & Owners Association of New Jersey (sboanj). Festivities begin with a parade of horses from Freehold …

Manufactured Home Community Founder Supports Non-profit in New Jersey Read More

Citizens Paring Down Policies of Manufactured Home Owners

By / August 12, 2015 / Company News, Manufactured and Modular Housing News, Manufactured Homes

Updating a story MHProNews last posted April 26, 2013 regarding Florida’s state-run insurer of manufactured homes, Citizens Property Insurance Co., and its reduction of coverage on MH, orlandosentinel reports seven private insurers have been approved to pick up half of Citizens’ remaining policies, amounting to 280,857 policies, according to the …

Citizens Paring Down Policies of Manufactured Home Owners Read More

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