Bringing modular homes into West, Tex. to people displaced by the April 17, 2013 explosion will cost $10,000 each, which does not include hooking up to utilities. The forty units, as MHProNews reported June 11, 2013, would house two families apiece, but will be available only to residents who are …
GSE Reform Legislation Introduced in Senate On June 25, 2013, the most promising legislation yet to reform and effectively replace the current Government Sponsored Enterprises (GSEs) was introduced in the U.S. Senate by a bi-partisan group including lead co-sponsors Sens. Bob Corker (R-TN) and Sen. Mark Warner (D-VA). The legislation, titled “The …
1) Who, What and Where: (Your name and your formal title at 21st Mortgage).
Tim Williams, CEO and President, 21st Mortgage Corporation.
Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule, …
As follow-up to a May 28 MHProNews post regarding a class-action suit filed against the Delaware Manufactured Housing Relocation Authority (DEMHRA) for allegedly collecting a $3 monthly fee for each home illegally, Deputy Attorney General Edward Black says the authority did approve the collecting. Brought by three manufactured housing community …
Delaware Responds to Class-Action Lawsuit regarding Fees Read More
MHProNews has learned from brandoninfo the Brandon (Minn.) City Council has upheld the decision of the city’s Planning and Zoning Board of Adjustment to approve the siting of a modular home. Neighbors, claiming the residence will harm property values, had complained that the structure was a manufactured home and was …
A Cup of Coffee with…Joe Stegmayer
1) Who, What and Where: (Your name and your formal title at Cavco).
The washingtonpost informs MHProNews seniors whose income does not qualify them for a mortgage or refinancing a home under current tight credit, may now have more income for purposes of underwriting: Due to a rule change by the top home lenders, borrowers may now use retirement assets to improve their …
Rep. Nathan Ramsey of the North Carolina House of Representatives has introduced a bill that would restrict counties from limiting the siting of manufactured homes, as natlawreview informs MHProNews, saying the measure is necessary to enlarge the inventory of affordable housing. House Bill 769 would allow MH to be located …
The lowellsun informs MHProNews Massachusetts Attorney General Martha Coakley is supporting legislation to establish a dispute resolution process between residents and owners of manufactured housing communities, streamline community rules approval, and require certificates verifying the water and sewer systems are in working order. Appearing before the Joint Committee on Housing …
BusinessWire states Warren Buffett’s Berkshire Hathaway, Inc. has acquired the 20 percent of International Metalworking Companies (IMC) B.V. of Tefen, Israel that it does not already own for $2.05 billion. IMC manufactures and distributes a wide range of metalworking tools for numerous applications through its facilities and subsidiaries in 61 …
Berkshire Hathaway Acquires Balance of International Metalworking Companies Read More
1) Who, What and Where: (Your name and your formal title at your company.)
Michael Evans C.E.O. Centennial Management, Inc. Corporate offices are in Aberdeen S.D. We currently operate 9 retail locations in MT, ND, and SD. We have been in business for 43 years.
Positive Energy Flows at the 2013 National Congress & Expo for Manufactured and Modular Housing MHI would like to thank the 830 attendees, speakers, sponsors, and exhibitors that helped make the 2013 Congress & Expo for Manufactured and Modular Housing a great event. Attendance was up 18 percent over last …
As it looks for ways to drop its risk, marconews reports Citizens Property Insurance Co., the state-run insurer that covers 130,000 factory-built homes in Florida, most of which are over 20 years old, is depreciating older homes, offering cash value in case of a loss instead of replacement cost. In …
Manufactured Housing in Florida is Losing Insurance Coverage Read More
Noting that baby boomers are poorer than their parents, with half of those facing retirement having less than $10,000 in the bank and one of six of them living in poverty, psmag informs MHProNews the residents of the 333 factory-built homes at Pismo Dunes Senior Park in central Calif. have …
We offer a smorgasbord of free Industry News, Tips and Views Pros Can Use © resources that properly applied are proven they can grow your career and/or business. All of them have their own unique value. Attitude Let’s begin with a factor in all success that is too often overlooked. …
Free Manufactured Housing Industry Resources and Links Read More
The newsherald informs MHProNews from Panama City, Fla., a battle going on since June 2012 is pitting city commissioners against the owner of Mill-Village MHC, Katy Adair, for having two Federal Emergency Management Agency (FEMA) park model trailers in the community in violation of a city ordinance. Code enforcement says …
Battle Awakes over Placement of FEMA Park Model Trailers Read More
The Lehigh Valley Business news reports from Pennsylvania that Liberty Homes in Mount Pocono, Penn. is partnering with the U. S. Dept. of Energy (DOE) in their Total Home Performance Challenge to certify their homes have a high energy efficiency rating to maximize energy savings for their manufactured and modular …
BusinessInsider tells MHProNews the chief economist at Gluskin Sheff, David Rosenberg, citing the drop in mortgage applications from a year-over-year rate of 16% in Jan. 2013 to only three percent today—they fell 1.3 percent the week ending April 5– says U. S. housing demand is beginning to slow. He says …
The carrollnews informs MHProNews the Hillsville (Ohio) Town Council has changed several town codes, including the following that applies to non-conforming manufactured homes (using non-conforming spelling): “Removal and replacement of a manufactured home which constitutes a nonconforming used on an individual lot or within a manufactured home park ore removal …
Regulation will Require Replacing Older MH with HUD Code Homes Read More
