NationalMortgageNews reports the Senate Banking Committee wants to know why government sponsored enterprise (GSE) executives are receiving millions of dollars in bonuses while the government is keeping the mortgage giants afloat. Since the Federal Housing Finance Agency (FHFA) took over the GSEs in Sept. 2008, the FHFA has propped them …
MarketWatch reports that Champion Homes, Inc. has developed a marketing tool that will enable potential buyers to view different options on a manufactured or modular home by clicking on to Champion’s website. DiVE IN (Design Interactive Viewing Experience) offers a “virtual tour” of different floor plans, kitchen layouts, flexible spaces, …
JoplinGlobe reports Federal Emergency Management Agency (FEMA) Chief William Fugate returned to Joplin for the first time since the five days he spent following the EF-5 twister that leveled a central city area May 22. The area has received $181.5 million in FEMA assistance for housing and temporary schools, fire …
EnterpriseNews reports from Massachusetts that Hometown America of Chicago has purchased Oak Point MHC in Middleboro, MA for $55 million, making it the largest real estate transaction in Middleboro history. The 1,000 acre 875 homesite community has homes clustered in neighborhoods, and includes a ballroom, exercise facility, and club house. …
TheGazette reports from Iowa City, Iowa, that Regency Mobile Home Park in Johnson County has been the target of complaints in recent years for poor water quality, abandoned homes, and charges of fraud. Johnson County does not have jurisdiction over enforcing improvements to the 230 homesite community; its board of …
MyDesert reports the legal division of the California Department of Housing and Community Development says Desert Hot Springs violated state law when it attempted to impose impact fees amounting to over $500,000 on the owners of Palm View Estates MHC. The city had assessed Palm View $7,000 for each manufactured …
LivingstonDaily reports from Michigan the owner of a land lease community (LLC) does not want her property master-planned as a future MHC. Renee MacRitchie, the owner of Songbird Acres, says the designation will decrease the value of her property and neighboring properties as well. According to Putnam Township Supervisor Ron …
UticaObserverDispatch in New York reports the site of the former Lincoln School in West Utica will be home to seven modular homes for first time buyers with low-to-moderate incomes. The Monday groundbreaking for the $1.5 million project by Rebuild Mohawk Valley will result in a more stable neighborhood, increased property …
MHProNews has learned of a letter sent to the Minot Daily News from a woman whose single-mother daughter wisely moved her manufactured home out of the flood zone in advance of the raging Souris River this past spring, but now has no place to site it. The original community, Valerie …
LIBN reports from Smithtown on Long Island in New York that Veritas Villages of America plans to build 560 affordable modular homes, apartments and townhouses for U.S. military veterans and their families. Veritas intends to win grants from the federal government to provide veterans housing and qualify for the HUD-VASH …
Roll Call: Vets to Muster in Modular Home Community Read More
MHProNews has learned in a report from DSnews the Federal Housing Financing Agency (FHFA) has redesigned HARP (Home Affordable Refinance Program) to bolster more underwater homeowners, and thereby buoy the housing market a little longer. Originally, only those who owed more than 25 percent above the value of their home …
The New HARP: Performing for a Larger Underwater Audience Read More
KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money. …
BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since …
Following up on a story we initially published March 17, 2011, MiamiHerald reports a multitude of homeowners in South Florida have filed separate legal claims against a German producer of Chinese drywall and the local distributor, alleging the drywall contains toxins that can cause breathing problems, emit foul odors, and …
MHProNews is continuing our follow up in the search for a replacement at the Manufactured Housing Institute (MHI) for the departing association president, Thayer Long. For a variety of reasons, including protecting sensitive sources of information, MHProNews has previously named 5 potential candidates who were named by various sources for …
Update on Thayer Long’s replacement at the Manufactured Housing Institute Read More
Redstate updates a report MHProNews previously covered on Elizabeth Warren, President Obama’s force behind the Consumer Financial Protection Bureau (CFPB) and current candidate for the U.S. Senate from Massachusetts. Commenting in an article in The Daily Beast about the Occupy Wall Street movement that has spread across the country and …
MHProNews has learned that the U.S. Commerce Department reports newly-built, single-family home sales rose 5.7 percent in September, recording their best growth in five months, to a seasonally-adjusted rate of 313,000 units. “The improved rate of new-home sales in September is on par with NAHB’s forecast for the overall number …
BlueRidgeNow reports from Etowah, Tennessee, Ceil Salvadori is developing 27 acres into five lots for horse lovers who will have a barn, pasture land, and a modular house, or “ranchette”, for a residence. Four of the five lots have frontage on the French Broad River in southeastern TN. The houses …
Horse Lovers Unite! Equestrian Community to have Modular Housing Read More
FridleyPatch from Minnesota reports it’s been eight months since the Park Plaza manufactured home community became a cooperative. Facilitated by the Northcountry Cooperative Foundation (NCF), at the time Park Plaza was the fifth MHC in Minnesota to become a co-op, and the second sold by Phil Johnson to residents. He …
CNNMoney reports over 6,000 people have come to Williston, ND to take advantage of the oil boomtown money to be made, but available housing has not kept up with demand. Some are living in their vehicles in parking lots, some in tents, some sleep in sleeping bags beside the road. …
