The Pelham, AL City Council members decided to close the Belle Vista manufactured home community. Council members hope their decision will lead the way for a residential recreational community that includes a park and a walking trail. Residents are not happy with such a move. Marco Huerta, a Belle Vista …
City and Residents locked in emotional tussle over MH Community closure Read More
Wells Fargo will pay $175 million in compensation to more than 30,000 minority borrowers who allegedly were steered into riskier, more expensive loans during the housing boom. US News tells MHProNews that the Deparment of Justice (DOJ) alleged the nation’s biggest residential home lender charged African-Americans and Latino borrowers higher rates …
Think Loan Steering is no big deal? Wells Fargo Settles $175 Million case Read More
ABC News tells MHProNews that Massachusetts Democratic Senator, Elizabeth Warren is admired by liberal loyalists and doesn’t mind taking on anyone – including President Obama – when she thinks they are wrong. Warren is known as a key supporter – or Mama – of the agency that became the Consumer Financial …
We’re starting another new Sunday Morning Weekly Recap. With your favorite morning beverage in your hand, you’ll see news on Skyline, ELS, DOE and their MH standards, allegations of falsified numbers on new home starts, luxury homes in Michigan MHCs, Louisville Show news and much more. Check out your headlines …
Sunday Morning Recap for week November 23-29, 2014 Read More
Jobs and economic properity go hand in glove with home sales. What President Bill Clinton and his advisers understood, “It’s the economy, stupid,” may slowly be sinking into Democrats today after their mid-term electoral thrashing. New York Senator (D) Charles “Chuck” Schumer, speaking at the National Press Club this week was …
Mona Charen, writing in the Albany Democratic Herald, said that during the 2012 presidential campaign, one of President Obama’s favorite themes was to poke fun at Republicans saying, “they have the same prescription they’ve had for the past 30 years. … Take two tax cuts, roll back some regulations, and …
Dodd-Frank’s economic impact under-stated, says Charen in Albany Democrtic Herald Read More
Manufactured housing (MH) retail, community and lending professionals know the Hispanic market has long been a strong and growing target audience for the industry. So when National Mortgage News (NMN) gives their 411 on what the president’s controversial executive action last Thursday might mean for housing lenders, MHProNews listened. NMN‘s …
The Manufactured Housing Institute (MHI) reminded industry professionals that the Department of Housing and Urban Development (HUD) Manufactured Housing Consensus Committee (MHCC) is slated to meet December 2-4 in Arlington, Virginia. In a release to MHProNews, MHI said, “It will be the first in-person meeting since October 2012 and the MHCC …
Manufactured Housing Consensus Committee to hold first meeting in 2 years Read More
The Natural Resources Defense Council (NRDC) describes itself as “the nation’s most effective environmental group.” In a recent NRDC Switchboard post, Robin Roy has come out in favor of the “strong consensus agreement reached by the Manufactured Housing Working Group” on new energy efficiency standards. Roy says that manufactured home (MH) …
Natural Resources Defense Council praises “great outlook for manufactured housing” Read More
Boehlert Departing MHI, Search Underway for New Head of Government Affairs Effective next month, Senior Vice President of Government Affairs Jason Boehlert will be departing MHI to begin a new position as Executive Director of the National Association of Local Housing Finance Agencies (NALHFA) and National Association for County Community and Economic …
2014 Election Recap and Financial Services Outlook for the 114th Congress by Lendell Porterfield, CEO, Porterfield, Lowenthal, Fettig & Sears, LLC Note about the Author: Lendell Porterfield is CEO of Porterfield, Lowenthal, Fettig and Sears LLC, which serves as MHI’s external lobbying firm. He previously served as Senator Shelby’s …
Worchester Magazine’s correspondent Walter Bird Jr. tells MHProNews that “Worcester Housing Authority (WHA) Executive Director Ray Mariano recently announced a mandatory program that would, in part, require at least one household member to work, go to school or face eviction after three years – the program was an extension of …
The other side of Public Housing and Public Policy on Manufactured Housing Read More
Japanese variety store Muji is rolling out its pre-fabricated home, to be sold via its retail outlets. Unlike past Muji prefabs, there doesn’t appear to be a notable Japanese architect attached to Vertical House — perhaps it was designed in-house. Svelte and sleek, the three-story split-level residence is completely free of …
No-frills Muji prefab designed for Tiny Urban lots Read More
Where do federal tax dollars go? CNN Money provides some insights, in their 6 minutes video, “We the Economy.” As you’ll see in their report, three big items dominate 70% of all federal spending. So the balance of the federal budget makes up 30% of the spending. What this specific …
The DallasObserver’s Amy Silverstein reports that Harvest Partners Ltd acquired Oak Creek Ranch park in the suburb of Irving. Management firm Alegre TKO LLC in August who allegedly asked residents to sign “the cruelest lease agreement ever, making HOA-level demands of its low-income residents.” The Silverstein outlines elements of the new …
“Real estate has traditionally been slow to change but interviewees hope and expect significant innovation in the industry – particularly related to putting value on service as much as the physical product.” So says part of a new study released by CBRE and China-based Genesis, a property developer entitled …
The GOP successfully picked up Senate seats, currently held by Democrats, in Arkansas, Colorado, Iowa, Montana, North Carolina, South Dakota and West Virginia. They also retained seats in Georgia, Kansas and Kentucky. Based on current results, the GOP will hold at a minimum (with three races still to be officially …
Republicans Sweep into Senate Majority on Electoral Wave Read More
In Alana Semuels’ The Case for Trailer Parks, The Atlantic picks up on a prior MH report made in 2011 by Derek Thompson during the IBISWorld flap which headlined – incorrectly – that Manufactured Housing (MH) was “a dying industry.” Semuels’ article weaves between the sensationalistic, to ‘cutesy-humorous’ and complimentary-to-the-MH-Industry. …
Decision Day 2014 has arrived, and the mid-term election results are predicted by the left-leaning New York Times to bring a 70% chance of a Republican take over of the U.S. Senate. CNN puts those odds at 95%, the Washington Post at 97%. Early voting patterns and a wide range …
As D-Day approaches, 70%-97% odds predicted for Senate in mid-term elections Read More
by Dick Ernst As many in the manufactured housing industry know, the new Dodd Frank Regulations, specifically the Home Owners Equity Protection Act (HOEPA), which for the first time includes Purchase Money Transactions is very problematic for the manufactured housing industry. The reasons are more obscure than even those that …
