MHProNews has learned that theMHARR Board officials and staff met on December 14, 2011 with Government National Mortgage Association (GNMA) President Theodore W. Tozer to discuss the securitization requirements that have limited FHA (Federal Housing Administration) Title I manufactured housing loans. Currently, GNMA requires a minimum net worth of $10 …
MHProNews has learned from the National Association of Home Builders (NAHB) that builder confidence in the market for new, single-family homes rose for the third month in a row. This marks the first time that has happened since mid-2009, bringing the NAHB/Wells Fargo Housing Market Index (HMI) to 21, its …
Following up on a story from Dec. 6, 2011, Daily-Times reports from Farmington, New Mexico, the San Juan County Commissioners passed an ordinance requiring new MHC and RV developments to have their waste systems approved by the New Mexico Environment Department (NMED). Dennis McQuillan, Liquid Waste Manager with NMED, says …
MHProNews has learned from PR Newswire that New Jersey-based UMH Properties, Inc., has acquired City View manufactured housing community in Lewiston, Pennsylvania, for $750,000. The 59 home site community is situated on 22 acres in south central PA. Samuel A. Landy, President, stated, “We are pleased to announce the acquisition …
MHProNews.com has learned the U.S. Department of Housing and Urban Development (HUD) has issued an announcement asking for nominations, with approval of the Secretary, to serve on the Manufactured Housing Consensus Committee. Consensus Committee members serve for a three-year term up to two terms. The 21 voting members are appointed …
Mlive reports a blueberry farmer wants a special permit to house 17 migrant laborers in an 1,820 square foot modular home in Port Sheldon Township in Ottawa County, Michigan. Opponents say it will hurt property values and increase the risk of crime. Someone anonymously distributed fliers in the area that …
Input from manufactured home owners, community operators, and the public at large is sought on the issue of alternative manufactured home placement outside MHCs, according to MySunshineCoast in Australia. Housing Minister Karen Struthers, speaking at the Manufactured Home Owners Consumers Forum, suggests participants weigh in on the recently released discussion …
HousingWire reports Zillow says home values declined in October 0.3 percent from the previous month. Home values have declined 23.7 percent since 2007, and on a year-over-year basis, the Zillow home value index fell 5.1 percent to $147,900. On a regional basis, of the 156 metropolitan statistical areas covered by …
NationalMortgageNews reports Republican Senators want the Obama administration to more forcefully strengthen the Federal Housing Administration (FHA) before confirming Carol Galante to head the agency. They also seek a plan for dealing with GSEs (government -sponsored enterprises) Fannie Mae and Freddie Mac. Sen. Jim Demint, (R-SC), leveling charges at Ms. …
Galante’s Nomination to Head FHA Sent to Full Senate Read More
Following up on a story we published Nov. 28, 2011, MontgomeryAdvertiser reports Federal Judge Myron Thompson issued an injunction Monday against part of the Alabama immigration law that prevents undocumented aliens from entering into any type of business transaction with the state. He called the law “discriminatorily based.” The injunction …
Judge Calls Alabama Immigration Law Discriminatory Read More
TampaBay reports a $33 million program over the past 12 years to retrofit thousands of pre-HUD Code homes with anchors to make them more storm resistant has come under fire for not living up to its expectations. Longtime manufactured housing supply businessman and lobbyist for the MH industry, Ken Cashin, …
NationalMortgageNews reports in the wake of the housing industry crisis, homeowners associations (HOAs) are having to rely in some cases on special assessments to make up for vacant units in foreclosure or otherwise unoccupied. Normally HOAs levy a monthly or yearly assessment to help pay for snow and trash removal, …
The KentReporter in Kent, Washington, reports as part of a project to preserve 600 units of affordable housing in King County, the Bonel Mobile Manor manufactured housing community in Kent will receive $1.53 million from the King County Housing Finance Program to renovate the community and maintain low-income housing. Located …
HousingWire says Zillow Real Estate Market Reports is partnering with researcher Pulsenomics to sponsor what will be called the Zillow Home Price Expectations Survey. First published by Pulsenomics in 2010 with MacroMarkets as its sponsor, the quarterly survey is based on the expert opinions of over 100 housing market analysts, …
WGMD reports members of the First State Manufactured Housing Association (FSMHA) donated $1000 worth of items to be distributed to food banks in Sussex County, in southern Delaware, and another $445 of provisions to restock food pantries in Kent County. “I am very proud that our Members appreciate the value …
TheChronicleHerald reports from northern Ontario, Canada, residents of Attawapiskat First Nation reserve may be housed in a retrofitted sports complex and healing center until a more permanent housing solution can be determined, or they may be evacuated. The problem stems from a 2009 sewage backup which forced Attawapiskat families from …
Modular Homes may Result from Standoff with Ottawa Read More
St. Clair Times reports from Alabama the Argo zoning board will consider a proposed ordinance to allow more manufactured homes into an area that has been home to MHs for many years. In changing the zoning from “high-density residential” to “manufactured home zoning,” the ordinance would disallow manufactured homes over …
Rezoning Proposal Creates Conflict of Interest Charges Read More
NationalMortgageNews reports a Senate Banking Committee hearing to discuss the work regulators are doing at six different agencies to implement Dodd-Frank became embroiled in an exchange about a seventh agency not in the room. Legislators sparred over the impending vote of Richard Cordray to head the Consumer Financial Protection Bureau …
Senate Committee Sidetracked by CFPB Head Nomination Read More
WiscNews reports from the Wisconsin Dells a local realtor says real estate sales in the area through October 2011 have reached 192, up from 167 last year and 170 in 2009, and foreclosures are holding steady. John Schoenherr, of Century 21 Affiliated, also notes that much of the real estate …
WCAX-TV reports the site of a former furniture factory in Randolph, Vermont, is being developed in two phases to provide affordable housing in a neighborhood project headed by the Randolph Area Community Development Corporation. Originally the site of the Randolph Furniture Company, which was founded in the 1800’s, the Ethan …
Modular Houses to Inhabit Former Ethan Allen Mfg. Site Read More
