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
WallStreetScope tells MHProNews that Equity LifeStyle Properties, Inc. (ELS) closed Friday at $48.55, a change from open of 0.41% ($0.12 per share). Equity LifeStyle Properties, Inc. (ELS) had a weekly performance of -1.64%, a monthly performance of 9.92%, and a quarterly performance of 9.42%. Equity LifeStyle Properties, Inc. (ELS) is …
At its recent RV/MH Heritage Foundation board meeting, Darryl Searer was re-elected treasurer and also elected chairman of the board. Searer also serves as president. In addition, the board elected three new members to the board of directors and also elected its executive committee, according to Searer, president. (* Asterisk …
3 New 2015 Board Members Elected to RV/MH Heritage Foundation Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) tells MHProNews about the heart-tugging story of their board member, Melissa Doggett’s child, Morgan Annabelle Ryann Yancey. Ryann was born “4 years ago, February 25th, that God blessed us with a premature, yet perfectly healthy, 4lb 13 oz.” She likes to dress …
VAMMHA Board member’s child, Morgan Yancy, has Stage IV Neuroblastoma Read More
The New York Times reports that the super rich are pulling away from the millionaires in America. Federal Reserve and other policies which prop up the stock markets, benefit the top fraction of 1%, which has lead to high demand for luxury goods. Meanwhile the HeraldTribune says the United Way …
Troubling Income-gap reports; do they spell growth potential for manufactured housing? Read More
As the name implies, we’re launching a new MHProNews feature that will make it easier for the Sunday morning coffee drinker to pick up their tablet, smartphone or laptop and catch up on news as it relates to the manufactured housing industry. What that means is we cover manufactured, modular …
Sunday Morning Manufactured Housing Daily Business News Weekly Recap – 11.9-15.2014 Read More
Rob Chrisman writing in Mortgage Daily News thought the $10.5 million dollar Freddie Mac financing deal in MH was so important, he devoted part of his pre-mid term election headline to the news. Chrisman points out in part that the gap between new conventional housing and resales has hit a …
Manufactured Housing and the Freddie Mac deal, revisited Read More
Worchester Magazine’s correspondent Walter Bird Jr. tells MHProNews that “Worcester Housing Authority (WHA) Executive Director Ray Mariano recently announced a mandatory program that would, in part, require at least one household member to work, go to school or face eviction after three years – the program was an extension of …
The other side of Public Housing and Public Policy on Manufactured Housing Read More
Reuters tells MHProNews that “The Republican-led U.S. House of Representatives approved the Keystone XL pipeline on Friday, but a similar measure struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto…” Since investors like predictability, is it any wonder a modest slip …
Showdown over Keystone? Dow dips, but Manufactured Housing Composite Value Rises Read More
WSPD reports that Toledo, Ohio’s Bel-Air Mobile Home Park has had U.S. Mail delivery restored after nearly two weeks of suspended service. A postal spokesperson said that the route’s mail carrier was repeatedly threatened by an unrestrained dog. The postal service alleged that the owner of the animal was uncooperative …
In the aftermath of a largely favorable report on Manufactured Housing (MH) by the Government Accounting Office (GAO), and a more problematic one in its wake from the Consumer Financial Protection Bureau (CFPB) on MH lending, MHARR’s current president released a memo outlining 7 ares of concern regarding the HUD …
Memo asserts HUD Code Manufactured Housing Program “Seriously Off Track” Read More
Writing in the SentinelNews, Michael London spotlights a private property rights issue in the town of Howell, Utah where citizens who happen to own mobile or manufactured homes are claiming their 4th Amendment rights under the U.S. Constitution are being violated by the Howell Town Board. London writes, “The town …
Howell Utah Violating 4th Amendment Rights of Mobile and Manufactured Home Owners? Read More
Florida has enacted smart policies, says Pete Sepp – President of the National Taxpayers Union – which shifted risk from a state-backed insurer to a wider pool of global private investors. Writing in the Orlando Sentinel, Sepp asserts that “In 2005, when hurricanes Wilma, Katrina and Rita battered the Gulf …
Marketwatch shared the following bullets with MHProNews that investors watched, which net moved them back into the upswing, after the post election rally snapped yesterday. • Fed’s Dudley: Still too soon to lift interest rates • U.S. budget deficit widens in October • Sell gold, brace for tanking oil — …
Deer Valley Spikes, Manufactured Housing Composite Slides Read More
Japanese variety store Muji is rolling out its pre-fabricated home, to be sold via its retail outlets. Unlike past Muji prefabs, there doesn’t appear to be a notable Japanese architect attached to Vertical House — perhaps it was designed in-house. Svelte and sleek, the three-story split-level residence is completely free of …
No-frills Muji prefab designed for Tiny Urban lots Read More
Affordable housing is vanishing in Chicago, write’s Andrew Geer, vice president and Chicago market leader of Enterprise Community Partners inCrain’s Chicago Business. Half of Chicago renters pay more than 30 percent of their income in rent. Thirty percent face housing insecurity, paying more than 50 percent of their income for housing. …
Vanishing affordability for housing in Chicago and beyond? Read More
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
