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Manufactured Housing Institute members react-Allegations of Misleading MHI Housing Alert

MHProNews has been fielding industry responses via email, phone and text to the report and analysis linked below. Why did 4-9-2016 MHI Housing Alert mislead Association and industry members? Based upon early feedback, MHProNews sent the following inquiry to MHI members for their response. The inquiry included the link above, …

Manufactured Housing Institute members react-Allegations of Misleading MHI Housing Alert Read More

Tax on $3.5 Million Home only $29

Fans of 1970s TV shows may recall that James Garner played a private eye named Jim Rockford in The Rockford Files, and he lived in a pre-HUD Code home sited on a deserted parking lot in Paradise Cove with a view of the Malibu coastline. The deserted parking lot with …

Tax on $3.5 Million Home only $29 Read More

CFPB Director Cordray tells Whistleblower to have her Attorneys “Back Down”

Claiming senior managers within her office bullied and demoted her for filing a complaint with the Equal Employment Opportunity (EEO) office, Angela Martin said in testimony before the House Committee on Financial Services that the Consumer Financial Protection Bureau (CFPB) had a “pervasive” culture of intimidation and hostility within the …

CFPB Director Cordray tells Whistleblower to have her Attorneys “Back Down” Read More

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Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending

Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in manufactured housing. However, financing costs are being driven up by the Consumer Financial Protection Bureau (CFPB) implementation of the Dodd-Frank law. Additionally, …

Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending Read More

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016

What’s New in public focused Manufactured HomeLivingNews.com NeighborWorks, Clayton Homes Partner with Next Step Homes in Waco, Texas How a Professional Couple saved $100,000 on a New Home in Tennessee What’s New in Manufactured Housing Industry Professional News MH Communities closing in Minnesota, New York. Cavco stock closes above $100. …

Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016 Read More

U.S. Flag, Scales of Justice

VA MH Community Charged with Violating the Fair Housing Law

Four Latino families have alleged that Waples Mobile Home Community and its management company, A. J. Dwoskin & Associates in Fairfax, Virginia, violated the Fair Housing Act, the Virginia Fair Housing Law and the Manufactured Home Lot Rental Agreement. They claim the community owners refused to renew the leases of …

VA MH Community Charged with Violating the Fair Housing Law Read More

Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016

What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News MH Community adding 46 homes. Malibu manufactured home goes for $3.5 million. Oregon MHC sets new record. Oklahoma City has first modular hotel. Americans …

Sunday Morning Recap-Manufactured Housing Industry News May 15-May 22, 2016 Read More

Attempt to Block Funding of Federal Housing Program Fails

In an attempt to encourage communities to be more diverse, the Obama administration is tying federal community grants to the demographic make-up of communities, according to what washingtonexaminer is telling MHProNews. An amendment from Sen. Mike Lee (R-UT) would have defunded President Obama’s “The Affirmatively Furthering Fair Housing Rule,” but …

Attempt to Block Funding of Federal Housing Program Fails Read More

Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016

What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease …

Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More

As More People Live on the Edge, Payday Lenders Provide Valuable Service

According to Neal Gabler, writing an article entitled The Secret Shame of Middle-class Americans in the May issue of The Atlantic, a Federal Reserve study from a year ago reports that nearly half of Americans would be hard-pressed to come up with $400 in an emergency—and he includes himself in …

As More People Live on the Edge, Payday Lenders Provide Valuable Service Read More

Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC

A United States District Court jury awarded the owner of Colony Cove manufactured home community (MHC) $3.3 million in damages against the city of Carson, California for violating his constitutional rights by repeatedly rejecting his proposed rent increases going back to 2006. According to dailybreeze, owner James Goldstein, the largest …

Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC Read More

CFPB may Investigate Seller-financed Home Sales

With a focus on people who cannot qualify for a mortgage, especially low-income families who have been denied bank lending, a revival in seller-financed home sales has attracted the attention of the Consumer Financial Protection Bureau (CFPB) because of concern some of the dealings may violate federal truth-in-lending laws. One …

CFPB may Investigate Seller-financed Home Sales Read More

Regulatory Costs for New Home Construction Keep Climbing

According to a report courtesy of HousingEconomics.com, the National Association of Home Builders (NAHB) states that 24.3 percent of the average cost of a new single-family home is the result of government regulations at all levels. Three-fifths, or 14.6%, of the eventual house price comes from regulations imposed during the …

Regulatory Costs for New Home Construction Keep Climbing Read More

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016

What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing …

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More

CFPB Contemplating Clarifying TRID

Director Richard Cordray, of the Consumer Financial Protection Bureau (CFPB), responding to complaints regarding complying with the so-called Know Before You Owe rule for homebuyers —formally, the TILA-RESPA Integrated Disclosure (TRID) rule implemented Oct. 3, 2015 –wrote a letter to financial trades members stating the bureau is considering making “adjustments” …

CFPB Contemplating Clarifying TRID Read More

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016

What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew …

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More

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MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending

On April 26, 2016 the Federal Housing Finance Agency (FHFA) held a roundtable discussion with manufactured housing industry leaders, inviting those who commented on the proposal, to get their input on the FHFA’s proposed “Duty to Serve” rule, according to the Manufactured Housing Institute‘s (MHI) Housing Alert to MHProNews. Lesli …

MHARR, MHI Spar over FHFA & Duty To Serve Manufactured Housing via GSE Chattel Lending Read More

Challenges to CFPB Constitutionality could Create Financial Havoc?

Writing in nationalmortgagenews, Craig Nazzaro says there are two significant court cases now challenging the authority and structure of the Consumer Financial Protection Bureau (CFPB), both of which would have been avoided had the agency been established with a five-member commission to operate it, not a czar, and with congressional …

Challenges to CFPB Constitutionality could Create Financial Havoc? Read More

Board Needs More info about Proposed MH/Modular Community

The Long County Board of Commissioners in Hinesville, GA are grappling with an application for a rural subdivision that Mike Allen wants to build, but it is unclear whether the new homes will be manufactured homes or modular homes, according to coastalcourier. Similarly, the board has little information about water …

Board Needs More info about Proposed MH/Modular Community Read More

Sunday Morning Recap-Manufactured Housing Industry News April 17-April 24, 2016

What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHARR Slams Danner, HUD. Clayton in line for air base homes contract. Sears Homes paved the way for prefab. Canada’s ATCO marching far South. Modulars for …

Sunday Morning Recap-Manufactured Housing Industry News April 17-April 24, 2016 Read More

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