therealdeal informs MHProNews that Sam Zell, CEO of Equity Lifestyle Properties, Inc. has taken the helm of Equity International in the wake of the sudden departure of its CEO and co-founder Gary Garrabrandt, and chief strategic officer Thomas McDonald. Equity International primarily invests in or buys existing real estate companies …
Sudden Resignations Put Zell Back in Driver’s Seat Read More
originationnews reports banks under the $10 billion threshold for compliance with the ever-shifting Dodd-Frank Act are unsure of which aspects of the measure apply to them, and are outsourcing because their own IT departments cannot keep track of the provisions that are delayed and/or rewritten. Cashmere Valley Bank in Washington …
Benzinga says UMH Properties, Inc. has announced it has acquired two manufactured housing communities in Ohio for $5.9 million, bringing their ownership of MHCs to 55 communities comprised of approximately 10,400 homesites. The 280 sites, situated on 62 acres, average 89 percent occupancy. UMH President Samuel A. Landy says the …
YAHOO! Finance says Eugene W. Landy, Chairman of the Board, and Samuel A. Landy, President of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, will present an overview of the company to the Philadelphia Securities Association at the Union League in Philadelphia, Pennsylvania, Wed. Oct. 10, 2012. The luncheon meeting, …
BloombergBusinessWeek says while Republican presidential candidate Mitt Romney has vowed to repeal Dodd-Frank, it’s more likely he would water down some of the restrictions on the most lucrative and profitable investments while providing sufficient oversight to protect the banks. Specifically, banks would toss restrictions on investments in private equity and …
As follow-up to an article we published Aug, 24, 2012 on the Delaware race for state representative in District 37 between incumbent Republican Briggs King and Democrat Beth McGinn, Ms. King clarifies her stance on MHCs in a Cape Gazette VillageSoup article. While Ms. McGinn criticized King for abstaining from …
Delaware Legislative Candidate States MHC Position Read More
nola informs MHProNews from LaPlace, Louisiana, on the western outskirts of New Orleans, some 7,000 homes have been inundated by Hurricane Isaac, leaving thousands homeless. 10,000 residents have registered for assistance with various local agencies, but because the high flood waters caused such widespread damage to possible transitional housing like …
The Texas Manufactured Housing Association (TMHA) celebrated their 60thAnniversary at the Four Seasons Hotel in Houston, Texas Aug. 19-21 with a variety of representatives from retailers, community owners and lenders, to brokers, manufacturers, managers, informational and motivational speakers, and marketing pros. Kurt Kelley of Mobile Insurance says the classes and …
Texas Manufactured Housing Association event attendees cheer Read More
In his political blog, Jim Shella of Indianapolis notes U.S. Senate candidate Joe Donnelly chose to tour a vocational school in Indianapolis instead of attending the Democratic National Convention in Charlotte, NC this week. Responding to Republican opponent Richard Mourdock’s attack ads aligning him with President Obama, Shella notes it …
Democratic Senate Candidate Donnelly Skips Charlotte Read More
For the second time in two months, residents of a manufactured home community in the State College, Pennsylvania area have been notified they need to find a new place to live. This time, according to centredailytimes, Hilltop Mobile Home Park sent letters to those who own their homes this past …
MHProNews has received communication that the U. S. Dept. of Housing and Urban Development (HUD) is offering disaster relief assistance to portions of Mississippi and Louisiana in the wake of damages from Hurricane Isaac following President Obama’s disaster declaration Wed. Aug. 29. Families that have been forced from their homes …
In his annual speech at Jackson Hole, Wyoming, CNNMoney tells MHProNews Federal Reserve Chairman Ben Bernanke talked up providing more stimulus for the economy, saying the two previous rounds of asset purchases improved financial markets and led to two million jobs. Previously, the Fed intimated it would provide stimulus only …
The Manufactured Housing Institute (MHI) announces Jenny Hodge has been selected Vice President, National Communities Council, with the responsibility for creating, managing, and developing programs to advance the interests of manufactured home land-lease community owners, managers, developers, lenders, brokers, and service/suppliers. Formerly Vice President of Marketing for the American Integrity …
MHI Selects Jenny Hodge as Veep of National Communities Council Read More
Gizmag tells MHProNews the Mini House from Sweden is a prefabricated modular home that arrives flat-packed and can be assembled in two days. Creator Jonas Wagell says all the modules can be recycled or combusted except the sliding glass door that opens on to the terrace, which gives a larger …
Indiancountrytodaymedianewtwork reports the first large housing project in 40 years on the San Felipe Pueblo tribal land in Sandoval County, New Mexico has just witnessed 28 families move in to the 28 new modular homes, part of a planned 150 unit project which includes multi-family housing for elderly members of …
times-standard reports from the northern coast of California Sandpiper Mobile Home Park is in its final stages of rebuilding after being purchased in 2006 by nonprofit Resident Owned Parks (ROP), which will offer homes for low income people to buy in Arcata, CA with the eventual goal of residents owning …
Two of three residential real estate investment trusts (REITs) recommended as having a good yield by Marc Gerstein at seekingalpha are MHC owners. Noting the tight lending standards for potential homebuyers, the accompanying unpredictable job market, and the rise in the rental market, Gerstein says UMH Properties appeals to people …
The abqjournal in New Mexico reports a proposal to make manufactured housing have a more southwestern style look may meet with opposition because of the increased cost to people living in the houses. As part of an initiative to improve the Airport Road area in south Santa Fe, Councilor Carmichael …
Proposal would Require MH to have “Southwest Look” Read More
As follow-up to a story we published Aug. 17, 2012 about loan originator compensation, the Consumer Financial Protection Bureau (CFPB) has issued a new proposal which gives management more control of pricing, and prohibits loan originators from leading borrowers into higher cost or higher risk loans as a means to …
Stockhouse reports T.J.T. Inc. of Emmett, Idaho announced the resignation of Shawn CJ Kling as President and CEO as of today, Aug. 24, 2012 to be replaced by Larry E. Kling, who has been on the board of directors since 2001. The new CEO served in that same role for …
Exec Change at T.J.T. Inc., from One Kling on to Another Read More
