Manufactured Housing Communities closed mix, most suppliers to factory built homes rose as did the Manufactured Housing Composite index in today’s trading. Marketwatch pointed to new record market highs, even as they they noted that the man who “called the last stock crash is already blaming the Fed for the …
Manufactured Housing Composite and all 3 major U.S. markets rise Read More
C. J. Prince of Chief Executive magazine online, spoke with Donald P. Grasso, CEO of Rytec High Performance Doors, “about how cronyism affects small businesses.” Since most of manufactured housing is made up of independent, small businesses, the view point of a supplier like Rytec will resonate with many in the factory built …
Crony Capitalism Sidebar – Donald P Grasso, Rytec High Performance Doors Read More
46 year manufactured housing industry veteran, Danny D. Ghorbani, President and Chief Executive Officer of the Manufactured Housing Association for Regulatory Reform (MHARR) will be retiring effective December 31, 2014. In a release anticipated by MHProNews, MHARR stated that Mr. Ghorbani, “A 46-year veteran of the manufactured housing industry who has served …
The Wall Street Scope (WSS) said in a report on 11.19.2014 that UMH Properties Inc., a Real Estate investment Trust (REIT) focused on manufactured housing communities, currently providing a high dividend yield of 7.45% today and a return on investment of 1.40%. WSS tells MHProNews that “UMH Properties Inc. (UMH) …
“I don’t know why Vancouver is so behind the 8-ball on this, despite our affordability challenge,” says Jon Stovell, President of Reliance Properties, a developer in Vancouver. Barbara Yaffe says in the Vancouver Sun that “In 2011, Reliance refurbished the Burns Block on Hastings, transforming it from a vacant single-occupancy …
Developer Fumes over slow Approvals, Manufactured Housing Association jumps in Read More
Colin Wilhelm tells MHProNews that Discover Home Loan’s recent survey of home buyers revealed that 89% used online technology in their shopping and purchase process. This mirrors studies by real estate agents that range from 90-94% of housing shoppers are using online resources. Wilhem, writing in National Mortgage News, …
Survey by Lender reveals Most Home Buyers using Tech Read More
Rick Robinson, general counsel for the Manufactured Housing Institute, tells MHProNews about two bills pending in Michigan, as well as other legislative topics from around the U.S. of general or specific interest to manufactured housing professionals. Robinson says that the Michigan Manufactured Housing Association’s Executive Director, Tim DeWitt “informs us …
Marketwatch tells MHProNews that divisions inside the Federal Reserve about the timing of rate hikes and other financial issues moved investors in the down direction in trading today. Dow 17,685.73 -2.09 -0.01%. Nasdaq 4,675.71 -26.73 -0.57%. S&P 500 2,048.72 -3.08 -0.15%. The Yahoo! Finance Manufactured Housing Composite Value (MHCV): 566.9 Today’s …
Release of FED minutes send stocks lower, Skyline rises while most others slide Read More
The Federal Housing Administration (FHA) recent actuarial report shows that the mortgage insurance fund is back in the black. FHA Title II loans are used for the financing of manufactured and modular homes as well as conventional housing. NationalMortgageNews informs MHProNews that “the FHA’s Mortgage Insurance Fund reached a 0.41% …
Ron D’Ambra, recently with Professional Warranty Service Corporation (PWSC) that exited the manufactured housing space, has joined and completed his initial orientation with MHWC and RWC in Harrisburg, PA. D’Ambra is a well know personality in manufactured housing, with 15 years in the industry. Evidence of the respect he has …
Residential Warranty and MHWC welcome New MH focused Account Executive, Ron D’Ambra Read More
Just as MHProNews heard about the plans for U.S. Bank to exit from manufactured housing direct lending in advance of the announcement, so too we’re hearing from informed sources about another planned announcement expected as soon as this week. In fact, we’ve been hinting about the plans for this anticipated …
Another Manufactured Housing Industry News Announcement Pending Read More
Resembling shipping container housing, the single module Tintaldra House by Modscape claims to be completely off the grid. Built for a vacation cabin, the owner uses it for a few months each year, Jetson Green tells MHProNews. Sited in a remote area, the home had to be designed for long …
Modscape says its Tintaldra House operates completely off the grid Read More
Marketwatch asks is the public getting gouged by ObamaCare? The New York Times says there is a clear alliance between the Administration and health insurance firms – both of which think they’re benefiting – and health stocks indeed continue to rise. Some investors think Apple could become the first trillion …
Healthcare gouging? Stocks rise, Manufactured Housing Composite rises too Read More
CNN Money tells MHProNews that when the new Congress is seated in 2015, Jeff Sessions R-Alabama, may chair the Senate Budget Committee. Sessions has expressed interest in a plan to balance the budget in 10 years. House budget veteran, R-WI Paul Ryan, produced a plan that would do that, with …
Affordable Housing – Debts, Deficits, Public Policy and the Manufactured Housing Solution? Read More
NBC News has been among the national media who’ve reported on the sinkholes in and near Holiday manufactured home community in Pasco County, near Tampa FL. The first hole formed last week and was so large it swallowed a car, the vehicle being removed from the hole shown in the …
Sinkholes in Manufactured Home Community and nearby draws national attention Read More
Secretary of Housing and Urban Development (HUD) Julian Castro said in an interview with Bloomberg TV that for many responsible Americans it is “too difficult” to get a home loan today. Castro reminded viewers with a smile that Ben Bernanke couldn’t get a home loan refi done, due to too …
HB 5513 would give local governments more control over ‘troubled’ manufactured home communities, MHProNews is told by the Lansing State Journal (LSJ). Fostered by the reaction to what happened with the condemnation of the Life O’Riley Mobile Home Park & Campground in Lansing, WZZM13 says the bill passed the …
Bill gives more local control of manufactured home communities to local governments Read More
…but that’s about where we are.” So says Heritage Foundation Economist David Burton, who explains that the Securities and Exchange Commission’s (SEC) own numbers makes it clear that it takes $2.5 million dollars to access the public capital market, and another $1.5 million in legal fees. The comments were evoked …
“You shouldn’t have to be a lawyer to run a business in America today…” Read More
The FED may not hit its target until 2016, news encouraging investors to keep the nearly 6.5% rise year-to-date on the Dow advancing. But that didn’t boost the MH Composite Value, which slid in today’s trading, while manufactured housing land lease communities (aka “mobile home parks”) did better overall. Dow 17,647.75 …
Manufactured Home Communities mostly up with the DOW, but MH Composite slips Read More
Ari Karen, writing in National Mortgage News reports a consent order that the Consumer Financial Protection Bureau (CFPB) has entered into a consent decree with Franklin Loan Corporation. The decree mandates the company to pay $730,000 in fines, based upon the allegation that Franklin improperly paid 32 loan officers bonuses. …
Hefty fines prove risks of Violating the CFPB’s LO Comp Rules Read More
