The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews.com according to the Department of Housing and Urban Development (HUD) statistics, the MH industry posted its sixth straight month of production increase. Numbers for Jan. 2012 show HUD Code manufacturers produced 3,983 homes, a 42.5 percent gain over the …
The Senate Banking Committee was told by the National Association of Federal Credit Unions (NAFCU) of their opposition to mortgage reform that would eliminate the federal guarantee on mortgages through Fannie Mae and Freddie Mac and other GSEs (government-sponsored enterprises). The plan originally endorsed by the Obama administration would promote …
The Great Southwest Home Show opens today at the QuikTrip Center in Tulsa with dozens of the newest manufactured homes on display from the nation’s top builders, vendors offering support product and services, and seminars and workshops dealing with financing, attracting new clients, appraisals, MHC management, and expanding your inventory …
Top National News Prototype of Standardized Monthly Mortgage Statement Is Released The Consumer Financial Protection Bureau on Feb. 13th released a prototype for a proposed standardized mortgage servicer statement designed to provide easy-to-understand information to borrowers. The new one-page document will include information such as maturity date; prepayment penalty; …
Palomar Modular Buildings, a Texas based manufacturer of commercial prefabricated and modular buildings, announced recently the introduction of an integrated wood-steel floor system achieved by nesting dimensioned lumber in perimeter steel beams. The company says the new floor system can reduce over the road height by as much as a …
Palomar Modular Buildings Introduces Integrated Wood-Steel Floor System Read More
Manufactured housing is one of those products where the pre-conceived image doesn’t always align with the actual product. A picture paints a thousand words and a social media site based on images called Pinterest is helping to change that. Lifestylist Suzanne Felber has been using the site to showcase manufactured …
An ongoing bureaucratic wrangle in Alabama over licensing and governmental authority for the installation of modular storm shelters has left hundreds of people in DeKalb County vulnerable as storm season approaches. A bidding war for the contract resulted in a lawsuit, and the Alabama Manufactured Housing Commission claims it should …
Washington, D.C., February 14, 2012 – As you know, the Obama Administration released its proposed Fiscal Year (FY) 2013 federal budget on February 13, 2012. Following-up on its successful 2011 congressional effort to: (1) reduce the size of the FY 2012 HUD program budget and the amount of direct appropriations …
From Lake Tahoe News, MHProNews.com learns that a push for fewer regulations in Nevada includes some involving manufactured housing. Governor Brian Sandoval announced a plan recently to repeal 654 regulations advocates say will assist in the state’s efforts at economic diversification and job creation. According to the report, in addition …
CBS News Smart Planet recently ran a segment on HybridCore Homes which use nearly all recycled construction materials to build, and are completed in about two months. According to the broadcast, the homes gain both from the efficiencies of an assembly-line process and the fact that weather doesn’t effect construction …
Wellsboro, Pennsylavania, County Assessor Deb Crawford of Tioga County says manufactured home owners need to obtain a trailer release if they sell or move their homes in order to avoid receiving a continuing tax bill. Without the permit “we would not know there is a new owner, “Crawford says,” (and) …
Manufactured Housing Finance Legislation Introduced in House On February 1st, during a hearing of the Financial Services Subcommittee on Insurance, Housing and Community Opportunity evaluating the effectiveness of the Department of Housing and Urban Development’s (HUD) implementation of the Manufactured Housing Improvement Act of 2000, Rep. Gary Miller (R-42nd-CA) formally …
MHProNews.com has learned from NationalMortgageNews refinancings have led mortgage companies to add 3,000 employees to their rosters since September. While the U.S. Bureau of Labor Statistics (BLS) says mortgage firms employed 265,000 full time personnel at year’s end, year-over-year employment at mortgage firms actually fell 5.4 percent last year. Of …
Statistics Show Slight Improvement in Employment—Maybe Read More
As you are already aware, the House of Representatives Subcommittee on Insurance, Housing and Community Opportunity held an oversight hearing on February 1, 2012 specifically focusing on HUD’s implementation of the Manufactured Housing Improvement Act of 2000. The hearing, which has been a key objective of MHARR’s intensive engagement with …
MHARR Congressional Testimonies and Follow-Up Actions Read More
MHProNews.com has learned the housing downturn pushed rents to record highs in the metropolitan Boston area in the last quarter of 2011, while the vacancy rate dropped to four percent, a nine year low. Average monthly rents went from $1,600 in 2009 to $1,686 Dec. 2011. TheBostonGlobe reports economists expect …
RedBluffDailyNews of Tehema County in north central California tells MHPronews.com an ordinance passed by the Tehema County Supervisors requires all manufactured homes produced after Jan. 1 to have a sprinkler system installed. The measure does not apply to existing manufactured homes. The ordinance also applies to multifamily homes with two …
The idea for an REO rental program could soon provide additional competition for the manufactured housing industry. Panelists at the recent American Securitization Forum expressed support for a government-led program to rent out foreclosed Fannie Mae, Freddie Mac and FHA homes. According to an article in Housingwire, the foreclosure pipeline …
Following up on a story we published Dec. 2, 2011 concerning state felony theft charges against Jo Leigh Ares for allegedly receiving deposits on manufactured homes that were not delivered, MHProNews has learned her Park Girl Sales LLC has filed for bankruptcy. The petition, filed in the U.S. Bankruptcy Court …
Park Girl, Facing Fraud Allegations, Files Bankruptcy Read More
MHProNews.com has learned from MassLive the Blu Homes factory in East Longmeadow, Massachusetts, which opened in 2010, has closed and production facilities have relocated to Vallejo, California. While the sales office and design studio will remain in Waltham, MA, spokeswoman Dana Smith says, “It’s not about what went wrong in …
From North Adams Township in Massachusetts and the North Adams Transcript, MHProNews.com learns that the owner , Morgan Management of The Spruces Mobile Home Park has been ordered by the Board of Health there to immediately renew its manufactured housing community license. According to the report, a the community failed …
