The following is the most recent summary information available currently from the Consumer Financial Protection Bureau (CFPB) on HMDA data for Vanderbilt Mortgage and Finance (VMF) loans on HUD Code manufactured homes. VMF is the ‘captive’ lender for vertically integrated Clayton Homes-owned retail centers. Metro Knoxville, TN based Clayton Homes …
Nicole Friedman and Ben Eisen were the co-authors on a story for the Wall Street Journal entitled, “Fannie and Freddie’s Latest Push: Factory-Built Homes,” with a subtitle: “Mortgage giants hope to help low- and middle-class Americans buy homes but programs’ narrow reach and consumer bias impede progress.” This will be …
Big box retailer Walmart – and other retailers like Amazon – are exploring the use of automated, driverless trucking technologies, says Newsmax and other sources. It is a development that the trucking industry is keenly aware of, so should manufactured home movers be concerned? Let’s start this report with some …
Freshman Senator Tina Smith (MN-D) is drawing attention to the lack of implementation under the Housing and Economic Recovery Act of 2008 (HERA) that established the federally mandated Duty to Serve (DTS) for manufactured housing. Her letter to Republican and Democratic leaders of the powerful Senate Housing, Banking, and Urban …
The White Mountain Independent is published in Show Low, AZ. WMICentral recently published a letter by a person who was identified as Doris Stell, from Vernon, AZ. A Google search suggested a connection between the featured image on the photo above and “Doris Stell.” That’s certainly not conclusive, but …
Fighting Fear With Facts, Pushing Back About Depreciation, Manufactured Home Concerns Read More
There is no evidence mentioned at this time in mainstream media that the blast and blaze at a Philadelphia oil refinery has any ties to terror. That doesn’t keep social media from lighting up with speculation on that very topic. Facts and speculation are two distinct things. Our report this …
Over a dozen law firms and scores of attorneys on all sides of the Joe Stegmayer controversy have poured over what has transpired before, during, and since Cavco Industries announced on November 8, 2018 the Securities and Exchange Commission (SEC) subpoena that sent their stock’s (CVCO) value plunging. The …
News Tip – Cavco Industries Legal Woes with SEC, Insider Insights Read More
What follows is a scenario that sheds light on affordable housing – and thus impacts manufactured home professionals and the home buying public – in several ways. There may be absolutely no connection to the fact that CoreLogic, which received a letter related to an antitrust probe by the Department …
Amidst Controversy, CoreLogic’s Special Report on Investor Home Buying Trends Read More
“The inaugural Innovative Housing Showcase” (IHS2019) says the HUD YouTube page, “featured new building technologies and housing solutions that are making homeownership more affordable for American families and homes more resilient during natural disasters. The Showcase includes panel discussions, on-stage interviews, and demonstrations with exhibitors, lawmakers, entrepreneurs, and leaders in …
If John Bolton and Secretary of State Mike Pompeo are advising President Donald J. Trump to take a quick march to war, it wasn’t evident today. Tonight’s focus will be on the impact on oil, with a peek at the broader market response too. If you’re new, already hooked on …
Iran Downs US Drone, Why Didn’t Oil Jump Higher? Plus Manufactured Housing Stock Updates Read More
Residents of a manufactured home community in Marin County, California are stressing over announced rent increases that will hit them in July 1, 2019. Per CBS local affiliate KPIX 5, the sharp spike may cause some to lose their homes. It is part of a trend that has been sparking …
Panicking Manufactured Home Community Residents Turning to Rent Control Demands Read More
There is not nearly enough attention paid in the manufactured housing industry’s trade media to those who ‘do the doing.’ Thus, whenever a story arises that gives us a chance to spotlight their important – indeed, vital – role in manufactured housing, the Daily Business News on MHProNews likes to …
Life-Saving Effort, Call to Celebrate Manufactured Housing’s Professional Installers Read More
In a news tip today to the Daily Business News on MHProNews is the following public call by Californian Robert ‘Bob’ Van Cleef for federal investigations of some high profile organizations in the manufactured home industry. From Van Cleef’s post today, found at this link here, is the following. The …
Let’s be highly objective. It happened to Republicans in a crowded field they had for president in 2015-2016. It may be warming up now for Democrats in 2019, looking ahead to 2020. Former Vice President Joe Biden made a comment that caused two of his Democratic rivals for the Oval …
BuzzFeed News are among those in media that has described the freshmen U.S. Senator as a ‘rising star’ in her party. That makes it all the more surprising that only the Daily Business News on MHProNews is essentially the only industry-focused trade media that has reported on the broader …
Just when you thought it was safe for Cavco Industries (CVCO) shareholders to go back into the water again, Levi & Korsinsky, LLP have announced yet another investigation into the issues that became known on November 8, 2018. On a day when the markets broadly rose, that will be our …
Love him. Hate him. The unsure and uncertain. Whatever your view of the president, there is one thing that is certain. A single tweet from 1600 Pennsylvania Avenue – or wherever the 45th president happens to be – can change the course of the top news story for the day. …
There are several ways to understand people and organizations. One method, is to listen to what they say. Another is to see how what they claim compares to what they actually do. Yet another is the investigator’s method, which is “follow the money.” A classic variation on the above is …
National and state level data are obviously relevant. But so too are impressions and facts that arise from street retailers, manufactured home communities, and HUD Code producers. One multiple location retailer told the Daily Business News on MHProNews that they are having a good year. They report that most, …
Views From Trenches of Manufactured Housing – Factories, Retailers, MHCs, Others Sound Off Read More
“Since 2005, Ed has been a professor of economics at Augsburg College in Minneapolis, MN, but has taught at many of the higher ed institutions in and around the Twin Cities. In his 30 years as a teacher, he’s had the privilege of educating thousands of students. Before he …
