According to thenewstribune, Tumwater City Council member Betsy Spath will resign her position effective April 30, 2013 because she is leaving her position as a geriatric care manager for a law office and moving out of state. In addition to protecting manufactured housing communities in the city while on the …
Stockhouse reports UMH Properties, Inc. (NYSE:UMH) has acquired the 274 homesite Holiday Mobile Village in Nashville, Tenn. for $7,250,000. Situated on approximately 68 acres with an occupancy rate of 82 percent, MHProNews has learned this purchase bumps UMH into owning 68 communities with 12,800 developed homesites. Samuel A. Landy, President, …
UMH Acquires Tennessee Manufactured Housing Community Read More
According to the Conference of State Bank Supervisors, nationalmortgagenews says as of April 1, 2013, 20 states have signed on to a uniform state test for loan originators, allowing them to operate in those states without being re-tested. Another six states will be on board by October. As MHProNews has …
Updating an article we posted Feb. 11, 2013 regarding Clayton Homes’ teaming with teacher Patricia Bradley to open Tenn.’s first STEM (science, technology, engineering and math) school, KnoxNews says the Clayton-Bradley Academy in Maryville has hired a full staff of teachers and enrolled half of the anticipated K-6 students. Adjacent …
According to bizjournals, Thomas M. Saltsgiver, president and founder of modular builder Muncy Homes, Inc. of Muncy, Penn., has applied with the Pennsylvania Dept. of Banking and Securities to acquire 85 percent of the common stock of First Cornerstone Bank in King of Prussia, Penn. While the bank is 90 …
In updating a story we first posted Feb. 7, 2013, myfoxny informs MHProNews, 17 modular homes have been acquired by the Affordable Housing Alliance in Eatontown, NJ with $1 million donated by the Robin Hood Foundation. Originally, Robin Hood had distributed $45 million of $67 million raised, including funds from …
Modular Homes being Sited for Hurricane Sandy Victims Read More
The 2013 Tunica Manufactured Home Show wrapped up today with light rains falling after two days of sunshine. The initial post show numbers reflect that a total of 2,204 total attendees and exhibitors came, a significant increase over 2012. Manufacturers, suppliers and lenders indicated they had ‘a good show.’ Association …
PRWeb reports from Houston, Texas that while noting more internet searches for homes are being done on mobile devices rather than desk or lap tops, Oak Creek Homes has developed a mobile version of its website, enabling shoppers to view the entire line of manufactured and modular homes and request …
InsideIndianaBusiness informs MHProNews that Lippert Components, Inc. (LCI) of Goshen, IN has hired Frank Perna as vice president of operations for manufactured housing windows. A 25-year veteran of the vinyl and aluminum window industry, Perna has been with Silver Line Building Products LLC, a division of Andersen Windows. He will …
Updating a story we covered Oct. 16, 2012 concerning the federal court-ordered closing of Duroville, an MHC in the Coachella Valley in California, and home to some 4,000 mostly migrant workers, 70 of the families have been relocated to Mountain View Estates, a government-subsidized development of 181 new modular homes, …
As part of a special relationship with Wayne County’s Habitat for Humanity, students in Johnson College’s Carpentry and Cabinetmaking Technology Program in Scranton, Penn. will once again construct a modular home that will then be donated to a needy family identified by Habitat. As the pikecountycourier tells MHProNews, the annual …
MySuncoast reports from Venice, Fla. a magistrate in Sarasota County determined property taxes on some of the 19,000 manufactured homes in the county were improperly increased between 22 percent and 90 percent because the property appraiser’s office did not abide by Florida statutes. Although the companies that own the communities …
DailyMarkets reports that Patrick Industries, Inc. (NASDAQ:PATK) of Elkhart, Ind., a component supplier to the manufactured housing and recreational industries, has appointed Michael A. Kitson to its board of directors. Kitson is the CEO of Nautic Global Group, a producer of recreational boats, and previously served as CFO of Nautic. …
The National Association of Home Builders (NAHB) reports bipartisan legislation has been introduced in the House of Representatives to ease credit for the nation’s home builders. Sponsored by Reps. Carolyn McCarthy (D-NY) and Gary Miller (R-CA), H. R. 1255, the Home Construction Lending Regulatory Improvement Act, would address regulatory obstacles …
Bi-partisan Measure Introduced to Ease Tight Credit Read More
Picked to head the Securities and Exchange Commission, Mary Jo White’s confirmation is all but assured as she breezed through the Senate Banking Committee 21-1 this morning. As originationnews tells MHProNews, only Sen. Sherrod Brown voted against her because he doe not think a Wall Street lawyer should be policing …
HousingWire informs MHProNews a letter from prominent state attorneys general is calling on President Obama to replace Edward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA), because they say his policy of refusing to allow principal reductions on loans backed by the GSEs that could result in …
According to capenews in a report from eastern Mass., a modular home builder in Marstons Mills, Donald B. Shulman, has been accused of essentially running a Ponzi scheme, with sufficient complaints to have generated a blog entitled “RDA (Realty Development Associates) Donald Shulman Victims.” Monthly meetings are attended by people …
MarketPlace.org informs MHProNews Eric Belsky, managing director of the Joint Center for Housing Studies at Harvard University, says in 2010 more than 25 percent of renter households paid over 50 percent of their income for rent, an increase from 20 percent in 2000, putting more people at the risk of …
HousingWire reports during a Senate Banking Committee hearing concerning the nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) for a second term, some committee members put Cordray on the hot seat. They grilled him about his operation of the agency and what would happen to the …
PRNewswire reports from Freehold, NJ, MHC owner operator UMH Properties, Inc. announces its financials for 2012 and the Q4 2012. Its Core Fund from Operations (FFO) grew from $9,218,000 for the year ending Dec. 31, 2011 to $10,010,000 year-over-year 2012. Total income increased from $39,313,000 in 2011 to 46,828,000 in …
