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.
The Home Design Trends Survey reports consumer interest for pedestrian-friendly communities with mixed-use development grew from 45 percent in 2012 to 58 percent this year. Further, the American Institute of Architects (AIA) says preference for more access to recreational activities increased from 40 to 49 percent over the same period, …
A developer of mixed-use multifamily and office buildings in Seattle, Washington says micro- housing is a good solution for housing in urban areas but it should go through the same design review as other projects. Patrick Foley of Lake Union Partners, responding to a query about affordable housing is Seattle, …
HomeFinder.com suggests reasons for buying a home before the end of the year include new lending rules which will move debt-to-income ratio requirements higher, possibly making it more difficult to buy property. Additionally, mortgage rates are already up one to two percent, but grabbing a fixed rate mortgage (FRM) at …
Following up on a story MHProNews published Sept. 18, 2013 regarding a survey of manufactured home owners and community operators being conducted by the Queensland, Australia government, respondents must reply by Dec. 20. The survey includes questions on a range of topics including sales, operations, utility charges, rent increases and …
Survey of Manufactured Home Owners/Operators ends Dec. 20 Read More
Informed sources told MHProNews on Friday that the companion bill to HR 1779 – The Preserving Access to Manufactured Housing Act of 2013 – was about to be filed. A source close to Oklahoma Senator Tom Coburn said off the record, “Dr. Coburn has decided to cosponsor the bill with …
Friday 13th Senate Companion Bill for HR 1799/MH Avoided Read More
The Alabama Manufactured Housing Association (AMHA) informs MHProNews city dignitaries were on hand for a ribbon-cutting ceremony at the expanded facilities of CIS Financial Services in Hamilton, Alabama to honor company found Paula Reeves. She began the company in 1991 with two employees and has now grown to 78 employees …
Federal regulators are telling their examiners to overlook non-qualified mortgage loans as long as they are underwritten well, according to what nationalmortgagenews.com tells MHProNews. The joint statement from the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC) and the National …
Investors continue to stick to the edge of the dance floor as they await word next week from the Federal Reserve on the future of the stimulus. CNNMoney reports the Dow Jones Industrial Average edged up 15.93 points, +0.10 percent, to close at 15,755.36. The Nasdaq nudged up 0.06 percent, …
LPX Rises, Liberty Homes Falls; Three Major Indexes Move Little Read More
A Mercer County couple in West Virginia is suing J&M Quality Construction LLC and Mod-u-Kraf Homes LLC alleging the modular home they ordered was improperly delivered, resulting in damage that made the home uninhabitable. The defects were not discovered until the couple moved into the home, MHProNews has learned from …
Following a post MHProNews last covered April 29, 2013 regarding the housing needs of the Attawapiskat of northern Ontario, Canada, bidding on a $2.2 million contract will close Mon., Dec. 16. It ‘s part of a larger $11.5 million, 15 project, five-year plan to increase the affordable housing stock for …
The Mortgage Bankers Association (MBA) says mortgage applications for new home purchases dropped 18 percent in November over October, but the size of the average loan continued moving up. As HousingWire tells MHProNews, home loan size has risen over $12,000 to $295,523 since last summer. New home sales fell from …
Following up on a story we posted Dec. 11, 2013 regarding the confirmation of Rep. Mel Watt to lead the Federal Housing Finance Agency (FHFA), MHProNews has learned from the Manufactured Housing Institute (MHI) Rep. Watt has favored measures that require GSEs (government supported enterprises) to support affordable housing. This …
New FHFA Head has Supported Duty-To-Serve in the Past Read More
The three major indexes fell again today as investors remained against the wall of the dance floor wondering when the Federal Reserve will begin slowing its economic stimulus program. CNNMoney reports the Dow Jones Industrial Average fell -104.01 points, -0.66 percent, to close at 15,739.43. The Nasdaq dropped -0.14 percent, …
Tracked Housing Stocks Close Mixed; Three Major Indexes Drop Read More
The Manufactured Housing Association for Regulatory Reform informs MHProNews the Department of Housing and Urban Development (HUD) has published a final rule that implements Manufactured Housing Consensus Committee (MHCC) recommendations made in 2005. Set to take effect June 9, 2014, the final rule omits MHCC-proposed changes to the HUD formaldehyde …
Manufactured Housing Consensus Committee: Win Some, Lose Some Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) announces applications are being accepted for its 2014 Scholarship Program. Applicants must be employed by VAMMHA member companies or be the children or grandchildren of employees and have a 3.0 grade point average (GPA). Nominations are open to senior high school and …
The Federal Housing Administration (FHA) has revised the loan limit ceiling for single-family mortgages in 2014, reducing it to $625,000 from $729,750. The change will result in approximately 650 counties having lower limits, according to what dsnews.com reports from the Department of Housing and Urban Development (HUD). For low-cost housing …
The Virginia Manufactured and Modular Housing Association (VMMHA) informs MHProNews the implementation of Dodd-Frank regulations by the Consumer Financial Protection Bureau (CFPB) that negatively impact the manufactured housing industry will not be delayed as requested by members of the U. S. Senate. CFPB Director Richard Cordray sent a letter to …
Consumer Financial Protection Bureau Rejects Delaying Dodd-Frank Read More
Sen. Mike Crapo (R-ID) says for the past three years, Sen. Harry Reid (D-NV) has refused to allow any amendments to the Dodd-Frank Act to be enacted, but now Sen. Tim Johnson (D-SD), chairman of the Senate Banking Committee, has shown interest in reforms during this session of Congress which …
Bi-Partisan Support Exists to Amend Dodd-Frank; For it to Happen Soon are Remote Read More
The Consumer Financial Protection Bureau (CFPB) is getting feedback from lenders regarding the Qualified Mortgage (QM) rule, and while it may alter some of the guidelines down the road, it will wait until lenders adjust to the new set of guidelines. Speaking to a Women in Housing and Finance gathering, …
Qualified Mortgage Guidelines will not Change Initially Read More
A budget deal coming out of Washington gives investors more concern that the Federal Reserve will begin tapering its quantitative easing sooner rather than later, causing the three major indexes to tumble in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -129.60 points, -0.81 percent, to close at …
Tracked Housing Stocks All Drop or Close Even; Three Major Indexes Fall Read More
