Writing in the NationalMortgageNews, Paul Muolo says Mitt Romney has pledged to get rid of the Department of Housing and Urban Development (HUD), which likely would also dismantle the Federal Housing Administration (FHA). “It’s election season….and cutting big government is a red meat move,” writes Muolo. It would have to …
RVBusiness says TheElkhartTruth reports Indiana Gov. Mitch Daniels will visit the RV/MH Hall of Fame and Museum in Elkhart, Indiana this Friday to meet with RV execs and publicize the industry’s recovery. Mark Bowersox, executive director of the Recreation Vehicle Indiana Council (RVIC), says Daniels will meet with company presidents …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports a joint letter dated April 17, 2012 from the chairmen of the House Financial Services Committee and the Housing, Insurance, and Community Development Subcommittee to HUD Secretary Shaun Donovan seeks follow-up from HUD regarding its implementation of the Manufactured Housing Improvement …
The largest mass settlement to date of claims over the FEMA travel trailers supplied to victims of Hurricane Katrina was agreed to by nearly a dozen manufacturers including Thor Industries, Recreation by Design, Play-Mor Trailers, Cruiser RV and Skyline. According to TheNewsStar, the $14.8 million was based on occupants sickened …
PRWeb reports to MHProNews.com from North Dakota modular general contractor M Space is sponsoring the Bakken Housing Summit May 16-17, 2012 in Williston, ND. Bringing together lenders, developers, government representatives, and investors, the goal is to build 5,000 homes in two years to meet the demand for housing is this …
The Wall Street Journal states Warren Buffett’s announcement of having prostate cancer set the street buzzing with who may be his successor. Financial researchers culled the Oracle of Omaha’s annual letters to shareholders since 1977, some 400,000 words, and determined Ajit Jain, head of Berkshire’s reinsurance division, was mentioned the …
Business confidence rise in Germany and strong earnings from corporate America was enough to send the Dow Jones Industrial Average up one half a percentage point, +0.65, to end the week at 13,029.19. The Nasdaq lost -0.24 percent to close at 3000.45, while the S&P gained +0.12 percent, to 1378.53. …
According to Housing and Urban Development (HUD) Secretary Shaun Donovan, 400,000 HARP (Home Affordable Refinance Program) 2.0 applications have been picked up by five of the largest loan servicers. HARP 2.0 is targeted to underwater borrowers with Fannie Mae and Freddie Mac loans. NationalMortgageNews tells MHProNews.com President Obama has proposed …
GlobeSt reports from Chevy Chase, Maryland multifamily real estate investment firm Federal Capital Partners (FCP) has invested $29.5 million in a 1,358 manufactured home site portfolio with communities in Pennsylvania, North Carolina, and Maryland. MHProNews.com has learned FCP is teaming with current portfolio owner Horizon Land Co. FCP Managing Partner …
BusinessInsider says Warren Buffett has been diagnosed with stage 1 prostate cancer. Subsequent CAT and bone scans revealed the cancer has not spread. The Chairman of Berkshire Hathaway, which owns Clayton Homes of Maryville, Tennessee, will begin radiation treatment in July, and says his travel will be restricted during that …
The House Financial Services Committee has developed the Dodd-Frank Burden Tracker, a method to keep tabs on the implementation of the Dodd-Frank Act. Government regulators have written 185 of the over 400 new rules and regulations required to comply with the act signed by President Obama in July 2010. According …
Deanna Fields of the Manufactured Housing Association of Oklahoma tells us Gov. Mary Fallin vetoed a bill that would have provided liability protection for MHC owners who shelter residents in their office during severe weather. HB 2296, which would protect the owners from civil liability passed unanimously in the House …
The Manufactured Housing Institute (MHI)’s “Supplier of the Year” award was presented to NTA, Inc. of Nappanee, Indiana at the MHI National Congress and Expo for Manufactured and Modular Housing in Las Vegas, April 11. Sys-Con tells MHProNews.com NTA has a cadre of engineers, draftsmen, technicians, and consultants who do …
NewsandTribune tells MHProNews.com Kevin Carroll filed a $5 million lawsuit against Clayton Homes of Maryville, Tennessee, alleging he lost his business to Clayton after they loaned him $150,000 to buy out his partners, and two weeks later promptly closed a plant in Hodgenville, Kentucky that supplied him with manufactured homes …
Long-time MH industry member and state association executive Chelu Travieso passed away March 30, 2012 in Orange, California. A native of Cuba, Ms. Travieso served as a trade association executive representing MHC owners and managers, as well as with non-profits to promote the industry through education since she began in …
At the Modular Building Institute’s (MBI) annual conference in Orlando, Florida last week, the president of Whitley Manufacturing, Simon Dragan, was inducted into the association’s Hall of Fame as part of its World of Modular event. A veteran of the modular industry for over 30 years, Dragan came to the …
Modular Trade Association Honors Hall of Fame Inductee Read More
According to BostonHerald the sale of homes in Massachusetts increased 9.7 percent in Q1 this year as compared to 2011, continuing a trend that began in 2009 when the housing market bottomed out. The MLS Property Information Network says the state’s median sales price fell less than one percent to …
The National Association of Home Builders (NAHB) Improving Markets Index (IMI), based on employment, housing permits, and house prices showed a slight improvement, adding a net gain of two, March to April. Thirteen markets were added and eleven fell from the ranking, while 88 markets remained, rising just above the …
From GateHouse News Service, MHPRoNews.com learns that Massachusetts State Senator Marc Pacheco is holding a public forum this week to review manufactured housing law and answer questions about community living. The forum is being held in conjunction with the Attorney General’s Office and the Department of Housing and Community Development …
Massachusetts Senator to Hold Manufactured Housing Forum Read More
It is with regret that we bring the news that Andy Zafiropoulos passed away March 27 after a brief illness. Born in Greece, Zafiropoulos was a university professor of Economics, manufactured home retailer, and community developer and resident of Erie, Pennsylvania. Zafiropoulos developed, owned, and operated Blue Coral Mobile Home …
