Andrew Dodson’s report for MLive says that Bay City, Michigan’s decline in real estate sales year-over-year is a reflection of national trends. October home sales in Bay County were down 6.5 percent, the second consecutive month of declines. 1,041 homes have sold in 2014, down from 1,052 a year ago …
Wounded Sargent First Class Bacary Sambou will get a free home, thanks to the joint effort of Hannibal Square Community Land Trust Inc., Palm Harbor Homes and Fairways for Warriors. The house will be located on a lot at 663 Symonds Ave., donated by the city of Winter Park, FL …
Where do federal tax dollars go? CNN Money provides some insights, in their 6 minutes video, “We the Economy.” As you’ll see in their report, three big items dominate 70% of all federal spending. So the balance of the federal budget makes up 30% of the spending. What this specific …
There are signals, says MarketWatch, that indicate that some profit taking may be in order. Investors watched as the big board closed with a slight dip, breaking the 6 days of record setting highs. Most tracked manufactured housing related stocks were up at the closing bell. Dow 17,612.14 -2.76 -0.02%. Nasdaq 4,675.14 …
Take Profits, says MarketWatch, most Manufactured Housing stocks rise Read More
Effective today, George “Chip” Asch, Vice President of Credit Administration for U.S. Bank Manufactured Housing Finance has said that the firm will exit the Indirect MH lending business. U.S. Bank will continue to offer loans for manufactured housing consumers through U.S. Bank Home Mortgage and their branch network. Beginning November …
US Bank Exits from Indirect Manufactured Housing Lending Read More
The fight goes on to protect thousands of manufactured homes owners and some related businesses in Bulloch County, GA. WTOC tells MHProNews that “Hundreds of mobile home owners demanded changes at a meeting last night in Bulloch County, where commissioners will adopt restrictions they passed last month. Under the rules, …
Former New York City Mayor Michael Bloomberg said harsh regulation on financial institutions are hurting Main Street. Speaking at a conference, Bloomberg lashed out at laws that are arguably helping his own firm, which provides servcies to the financial industry. “It’s good for the terminal business,” he said. “Some of …
Michael Bloomberg says Dodd-Frank “Stupid,” slamming it and ObamaCare Read More
American Land Lease, Inc. announced that it’s Company’s Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Shares. Dividends on the Company’s Series A Preferred Shares are payable on December 1, 2014 to shareholders of record as of the close of business on November 20, …
Carefree Communities, Inc. announced Monday that it has acquired family-owned Vedder Communities 18 manufactured home land lease communities, with 4,530 sites in California. The Vedder acquisition, Carefree says, makes them the 5th largest owner/operator of manufactured home and RV communities in the nation, boasting some 101 properties and more than …
Carefree Communities closes on 18, says now #5 in MHC holdings Read More
“At a recent IAPP (International Association of Privacy Professionals) privacy event, officials from the FTC and CFPB offered insight into their respective agencies’ future enforcement plans,” National Law review told MHProNews. CFPB Senior Counsel Pavneet Singh summarized the Consumer Financial Protection Bureau (CFPB) enforcement powers, and gave insights on …
National Law Review report Reveals insights on CFPB Plans for Enforcement Read More
The DallasObserver’s Amy Silverstein reports that Harvest Partners Ltd acquired Oak Creek Ranch park in the suburb of Irving. Management firm Alegre TKO LLC in August who allegedly asked residents to sign “the cruelest lease agreement ever, making HOA-level demands of its low-income residents.” The Silverstein outlines elements of the new …
The markets continued to advance overall in the wake of the mid-term election results. Marketwatch says “Main Street” is unhappy with the Fed, which should be more focused on getting more people back to work rather than propping corporate profits up. MHCommunities tended to slide today, while Skyline was a …
5th Straight record on Dow, Skyline up 2.5%, but MH Composite value slips Read More
Realtors ® are being urged to educate buyers about online valuation methods. DigitalJournal says panelists at the 2014 Realtors ® Conference & Expo discussed the challenges of helping buyers and sellers understand the difference between actual appraisals and automated valuation models (AVMs), found on popular Zillow or elsewhere. John Anderson with Twin …
Realtors urged to educate Consumers about Online Valuation models Read More
Wikipedia says that “Veterans Day is an official United States holiday that honors people who have served in the U.S. Armed Forces, also known as veterans. It is a federal holiday that is observed on November 11. It coincides with other holidays such as Armistice Day and Remembrance Day, which …
Veteran Day’s 2014 – Honoring Vets & Offering Manufactured Homes-VA loans to Veterans Read More
Sean M. Healey, Chairman and Chief Executive Officer of Affiliated Managers Group, Inc. (NYSE:AMG), is expected to speak at the Bank of America Merrill Lynch 2014 Banking and Financial Services Conference in New York on Wednesday, November 12, 2014 at 4:50 p.m. Eastern time. StreetNewsWire says Mr. Healey will be …
AMG’s Sean M Healey to speak to Bank of America/Merrill Lynch conference Read More
Just days after the mid-term elections that swept Republicans to record levels in the House and gave them control of the U.S. Senate, a video has surfaced featuring Affordable Care Act (aka ObamaCare) “architect,” Jonathan Gruber. In the video, Gruber candidly tells those in the room he was speaking in …
ObamaCare Architect Jonathan Gruber – Lack of Transparency needed to pass ACA Read More
SearchCore subsidiary Wisdom Homes announced an expansion in marketing to better engage the baby boomers. Jim Pakulis, CEO Of Wisdom Homes Of America, said, “High retiree numbers create a higher demand for alternative housing in areas such as Texas. Cash-rich boomers are purchasing more second homes and empty-nesters-those whose children …
NASDAQ says SearchCore’s Wisdom Homes providing alternative for Boomers Read More
Real Estate Investment Trust, UMH Properties (NYSE:UMH) Chairman Eugene W. Landy acquired 5,000 shares of UMH Properties stock in a transaction that occurred on Friday, November 7th. WKRB13 tells MHProNews that Landy purchased the stock at an average cost of $9.89 per share, for a total transaction of $49,450.00. The …
Eugene W. Landy Acquires 5000 more shares of UMH stock Read More
U.S. stocks finished a thinly-traded day with POTUS Obama angering some, pleasing others with a call for net neutrality. Marketwatch tells MHProNews that commodities – gold and oil dropped – while modest gains set record levels for the fourth straight session. Randy Frederick, Managing Director of Trading and Derivatives at the …
New Market Highs, Commodities slide, Manufactured Housing Composite Rise Read More
JDSupra reports that in Bennett v. CMH Homes, Inc., No, 13-5423, — F.3d — (6th Cir. Oct. 30, 2014), the Sixth Circuit ruled that a manufactured home is not a “consumer product” under the federal Magnusen-Moss Warranty Act. In a ruling covered as featured article in the November issue of MHProNews, …
