According to the bemidjipioneer, a public hearing will be held Tue., Jan 19 to consider the closure of the western half of the Westwood Acres Mobile Home Park in Bemidji, Minnesota. Although no reason was given for the closing, the hearing is to discuss the impact of the closing of …
MHProNews has learned from prnewswire that real estate investment trust (REIT) UMH Properties, Inc. (NYSE:UMH) will release its fourth quarter and 2015 year-end financial results on Wed., March 9, 2015 following the close of the New York Stock Exchange. Senior management will discuss the results the following day, Thurs., March …
MHProNews has learned from einnews that Wisdom Homes of America (OTC PINK:WOFAD) of Tyler, Texas is discontinuing its manufactured home retail centers and returning their energies back to the cannabis industry that has served them well beginning in 2010, according to Jim Pakulis, CEO of Wisdom. Now legal for medical …
Four Democratic House Representatives have asked the Justice Department to look into allegations of Clayton Homes and their related lenders alleged targeting of minority borrowers, based on the advocacy journalism of the Seattle Times and BuzzzFeed’s Mike Baker and Daniel Wagner. Baker and Wagner have been described as making a career …
MHProNews has learned from northernstar.au that the Lismore City Council, in Queensland, Australia has unanimously rejected a proposal for a $10 million, 578 home site manufactured home community (MHC) in Goonellabah because details of the proposal do not line up with what was initially presented to the council. Originally, developer …
Following a story out of Washington, Indiana MHProNews has been covering on which we last reported Dec. 18, 2015, regarding the classification of factory-built homes into three categories for purposes of siting, existing homes would be grandfathered in. If a manufactured home has to be replaced, the replacement home must …
Indiana City Relaxes Restrictions on Replacing Manufactured Homes Read More
The 22 manufactured home communities that comprise an estimated 1,400 households in Springfield, Oregon are considered at risk if the property should become repurposed, according to kvaltv. Mayor Christine Lundberg, in her state-of-the-city address, proposed an initiative to deal with the possible displacement of MHC residents should this occur. “That’s …
The National Association of Real Estate Investment Trust’s (NAREIT) Senior Vice President for Research and Information, Brad Case, said in 2015 stock exchange-listed equity REITs outperformed most other asset classes, even though the year was not particularly strong for REITs. Noting that December was a microcosm of the 2015, Case …
What’s New in public focused Manufactured HomeLivingNews.com What PBS NewsHour Missed About Manufactured Home Living Nicole Barker compares her Modular Home with conventional construction What’s New in Manufactured Housing Industry Professional News FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 Read More
The Manufactured Housing Institute informs MHProNews the Federal Housing Finance Agency (FHFA) is seeking comments on its published notice regarding a secondary market for manufactured home loans. While the proposal does not require Fannie Mae and Freddie Mac (the government-sponsored enterprises) to purchase chattel loans, only that they “may” consider …
FHFA “May” Open the GSE Door to Purchase MH Chattel Loans Read More
The nominating committee for the inductees into the RV/MH Hall of Fame had to narrow down a field of 72 to ten people, as MHProNews understands. The Board of Directors of the Heritage Foundation hereby presents the Class of 2016: Gary Bunzer, Bunzer Consulting, 40 years as an RV training …
MHProNews has been informed by Marcus & Millichap that the real estate investment services firm has arranged the sale of Oak Meadows Mobile Home Park in Lakeland, Fla. for $1,125,000. Dan Mulkey of M&M’s Tampa Bay office represented both buyer and seller in the transaction. The 9.8 acre manufactured home …
Marcus & Millichap Arrange sale of Fla. Manufactured Home Community Read More
The 7,000 square foot duplex condominium penthouse once owned by Richard Klarchek, former head of Chicago-based Capital First Realty, which owned a portfolio of manufactured home communities (MHCs) around the Midwest, sold for $4.25 million last month, according to chicagobusiness. It came on the market in Feb. at $6.4 million. …
MHProNews has learned from Marcus & Millichap that Dan Mulkey, vice president investments in the firm’s Tampa Bay office, arranged the sale of Livingston Mobile Home Park in Lutz, Fla. The 65 home site manufactured home community (MHC), set on ten acres, sold for $1,465,000 to a Tampa-based buyer who …
MHProNews has leaned from prnewswire that Clayton Homes has partnered with AB Electrolux to offer a complete selection of refrigerators, dishwashers, ovens, washing machines and other household appliances as options for its homes. Each of Clayton’s 36 facilities across the U. S. will be outfitted with Electrolux products. Clayton CEO …
Updating the story MHProNews last posted Dec. 12, 2015 regarding the clean-up of debris from the wildfires in northern California, Fire Recovery Coordinator Carol Hutchingson said 21 Federal Emergency Management Agency (FEMA) manufactured homes (MH) have been sited in Lake County. Most of them are at Lake Village Estates in …
A press release from Capital One reveals it has arranged a $3.27 million Fannie Mae adjustable-rate loan for the purchase of Sierra Mobile Home Park in Santa Clarita, California. The seniors-only community has 74 home sites and features a clubhouse, pool and laundry room. Senior Vice President Chad Thomas Hagwood, …
Capital One Provides Loan for Purchase of Calif. Manufactured Home Community Read More
As oil drilling in North Dakota scales back due to the worldwide drop in oil prices, Morningstar Credit Ratings tells nationalmortgagenews nearly $125 million in securitized loans backed by real estate may be in jeopardy. The debt represents over a third of nearly $340 million of commercial mortgage-backed securities connected …
Real Estate Losses in Western North Dakota Start to Mount Read More
The overall amount of fraud risk in home loan documents has been falling, according to what scotsmanguide tells First American, having dropped by 8.2 percent year-over-year Nov., and down 1.3 percent from Oct. to Nov., 2015. First American’s Loan Application Defect Index has dropped 23.5 percent since it reached its …
This graphic from the Virginia Manufactured and Modular Housing Association (VAMMHA) offers a slightly different view of the shipments of HUD Code homes, comparing 2014 to 2015, and broken down into categories. As MHProNews understands, the entire report, from the Institute for Building Technology and Safety (IBTS) is broken down …
In Depth Overview of HUD Code Production for November Read More
