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Cordray Defends CFPB Complaint Dept.

In an interview with Rob Blackwell of NationalMortgageNews, new Consumer Financial Protection Bureau (CFPB) Director Richard Cordray says his biggest accomplishment is creating the complaint database so consumers can contact the agency directly if they have a problem. Noting this kind of job is never done because an avalanche of …

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MOD Builder Blu Fights Union Busting Charges

Charges of unfair labor practices lodged with the National Labor Relations Board (NLRB) against Blu Homes of Vallejo, California by San Francisco’s Carpenters Union Local 180 have been mostly dismissed, according to ModularHomeCoach. When Blu moved to CA last fall from Massachusetts and renovated part of an old Naval base …

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Over $62k has been Raised

RVBusiness reports the RV/MH Hall of Fame & Museum has garnered $62,740 since the initiative began May 1 in its fundraiser goal to meet the Ingram family’s $100,000 Challenge Grant. June donations totaled $6,800 including $2,750 in the Hall’s “Walk of Fame” Brick Program donations. Darryl Searer, president of the …

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Is the Gold Tarnishing at Golden Homes?

The NorthKitsapHerald reports from Poulsbo, Washington incorrect serial numbers on a house, an MH paid for but not delivered, incomplete contracts, purchase and sale agreements withheld, and uncompleted work on a manufactured home are all charges being leveled at Kelly Rohr, owner of Golden Homes of Poulsbo, just outside Seattle. …

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$4.2M 207M Loan Approval by HUD

MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com …

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And Now for the Rest of the Story……..

Following a Daily Business News post from June 18, 2012 about two MHCs in Carver, Massachusetts being snatched from the jaws of Equity Lifestyle Properties and becoming co-operatives, MHProNews has learned from boston, according to MA law, MHC residents have the first right of refusal if their community is being …

And Now for the Rest of the Story…….. Read More

Co-op Handyman Honored by ROC-NH

Fosters reports from Rochester, New Hampshire a long-time resident of Acorn Terrace Cooperative has been honored with the ROC-NH  “Above and Beyond” award. Although Richard “Dickie” Williams is president of the cooperative, he is best known for his many acts of kindness as a handyman and all around helping hand …

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New Addition for Modular

Virtual-Strategy reports as an alternative to assisted living for an aging relative, Connecticut-based PALS Built offers  handicap accessible modular additions attached to the primary home at a cost lower than that of assisted living. The modular units are manufactured by Practical Assisted Living Solutions, LLC. The newly appointed president and …

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Housing Market Rebounding this Year?

While some analysts predict the housing market will not turn around until later next year, Seeking Alpha‘s Mike Kapsch lists several reasons it may return yet this year: More building permits were applied for in May than in the past 3 1/2 years, and the U.S. Department of Commerce upwardly …

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Berkshire’s Buffett: Another Buying Binge?

AnchorageDailyNews reports from Waco, Texas Warren Buffett’s Berkshire Hathaway has been out shopping again, this time buying two Texas newspapers—the Bryan College Station Eagle, announced earlier this month, and now the Waco Tribune-Herald. With 124 employees and a Sunday circulation of 39,000, the Herald-Tribune fits Buffett’s expressed interest in buying …

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Household Formation Decline Lowers Demand for Household Goods

The Washington Post reports the number of adults sharing households spiked 11.4 percent from 2007 to 2010, representing an increase from 17 percent to 18.7 percent of all U.S. households, reversing the empty- nester trend. According to the Census Bureau, during that period the number of young adults living in …

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Ohio and OMHA Collaborate on New Commission

The Ohio Manufactured Homes Association (OMHA) tells MHProNews one time OMHA director Dan Rolfes suggested over ten years ago that all aspects of MH industry rules and regulations should be under one roof. On May 23, 2012, the Ohio General Assembly voted to establish – and the governor signed into …

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Clayton Foundation Sponsors Water Park

TheGreenevilleSun reports from Knoxville, Tennessee the Clayton Family Foundation has sponsored a 5,000 square foot water park at the Knoxville Zoo. The “Clayton Safari Splash” includes life-size giraffes spouting water, large water hoops, and sprays that shoot water several stories high amid giant flowers. Speaking at the opening on behalf …

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Set of MHCs Becoming Resident-owned

EnterpriseNews tells us 450 MHC homeowners from two different MHCs in Carver, Massachusetts, in the southeast part of the state, may soon become their own landlords. The nonprofit ROC (resident-owned communities) is assisting in the $23 million deal for Pine Tree Village and Cranberry Village to become community-owned co-ops, which …

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TN Bank Snapped Up by Clayton

KnoxNews says Clayton Bank and Trust of Knoxville, Tennessee will take over the assets and operations of all four branches of Farmers Bank of Lynchburg, TN that were shut down by regulators on Friday, June 15. According to the Federal Deposit Insurance Corporation (FDIC), Farmers had $156.4 million in deposits …

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Passages: Jeffrey Few

9and10news from Michigan reports Lippert Components, Inc. out of Goshen, Indiana announces Jeffey Few has been hired as the newly-created Director of Product Development to hone in on state-of-the-art technology and automation in design, machinery, and production. Few has experience in automotive and architectural design as well as a strong …

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Young Team Rehabs Original Modular Home

Madison reports one of the first modular homes built in the post-World War II years in Wisconsin is undergoing rehabilitation by a team of at-risk teens and young adults as part of Operation Fresh Start, a nonprofit that teaches life skills and helps them finish high school. Stripped down to …

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RV/MH Hall of Fame Invites You to Their Walk of Fame

The RV/MH Hall of Fame and Museum in Elkhart, Indiana announces anyone purchasing a brick in the Hall’s Walk of Fame before Aug. 31, 2012 will receive tax deductible status for the donation, and it will be matched by the Ingram’s family $100,000 challenge grant to reduce the debt. Vice …

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Experienced Eyes Watching Dodd-Frank

A line-up of former regulators, lawmakers, and other financial policy makers headed by one-time Federal Deposit Insurance Corp. (FDIC) chairman Sheila Bair will form the Systemic Risk Council to keep tabs on the enforcement of the new regulations under Dodd-Frank. As NationalMortgageNews tells MHProNews.com, the group was organized by the …

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