Author name: MHProNews

Fannie Mae and Freddie Mac announcement could lead to more home loans

By / / Manufactured and Modular Housing News

Fannie Mae and Freddie Mac announced Thursday they’ve revised their representation and warranty framework. The move has been made in an effort to reduce concerns among lenders about the risk on buying back loans sold to the two federally backed mortgage finance agencies. Mortgage professionals have said such concerns have been blamed for lenders being […]

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M. Mark Weiss, JD, incoming President of the Manufactured Housing Association for Regulatory Reform (MHARR)

By / / Manufactured and Modular Housing News

As was formally disclosed yesterday, the new president and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) will be M. Mark Weiss, JD. Making this announcement in Washington D.C., John Bostick – MHARR Chairman and President of Sunshine Homes – told MHProNews  that: “MHARR will not miss a

M. Mark Weiss, JD, incoming President of the Manufactured Housing Association for Regulatory Reform (MHARR) Read More

Manufactured Housing Composite and all 3 major U.S. markets rise

By / / Manufactured and Modular Housing News

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

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Crony Capitalism Sidebar – Donald P Grasso, Rytec High Performance Doors

By / / Manufactured and Modular Housing News

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

Danny Ghorbani, President and CEO of Manufactured Housing Association for Regulatory Reform (MHARR) Retiring

By / / Manufactured and Modular Housing News

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

Danny Ghorbani, President and CEO of Manufactured Housing Association for Regulatory Reform (MHARR) Retiring Read More

UMH Properties touted as high dividend stock

By / / Manufactured and Modular Housing News

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)

UMH Properties touted as high dividend stock Read More

Developer Fumes over slow Approvals, Manufactured Housing Association jumps in

By / / Manufactured and Modular Housing News

“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

Survey by Lender reveals Most Home Buyers using Tech

By / / Manufactured and Modular Housing News

  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,

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Manufactured Housing Grassroots Reports by state

By / / Manufactured and Modular Housing News

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

Manufactured Housing Grassroots Reports by state Read More

Release of FED minutes send stocks lower, Skyline rises while most others slide

By / / Manufactured and Modular Housing News

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

FHA loan performance and fund improving, report replete with irony for Manufactured Housing Lenders

By / / Manufactured and Modular Housing News

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%

FHA loan performance and fund improving, report replete with irony for Manufactured Housing Lenders Read More

Residential Warranty and MHWC welcome New MH focused Account Executive, Ron D’Ambra

By / / Manufactured and Modular Housing News

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

Another Manufactured Housing Industry News Announcement Pending

By / / Manufactured and Modular Housing News

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

Modscape says its Tintaldra House operates completely off the grid

By / / Manufactured and Modular Housing News

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

Healthcare gouging? Stocks rise, Manufactured Housing Composite rises too

By / / Manufactured and Modular Housing News

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

Affordable Housing – Debts, Deficits, Public Policy and the Manufactured Housing Solution?

By / / Manufactured and Modular Housing News

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

Sinkholes in Manufactured Home Community and nearby draws national attention

By / / Manufactured and Modular Housing News

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

Castro video interview touts FHA improvements, plus calls for GSE reform, pointing to bill promoted by MHARR

By / / Manufactured and Modular Housing News

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

Castro video interview touts FHA improvements, plus calls for GSE reform, pointing to bill promoted by MHARR Read More

Bill gives more local control of manufactured home communities to local governments

By / / Manufactured and Modular Housing News

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

“You shouldn’t have to be a lawyer to run a business in America today…”

By / / Manufactured and Modular Housing News

…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

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