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, …
Darryl Searer, chairman and president of the RV/MH Hall of Fame tells MHProNews he’s encouraged by early support of the “Kevin Clayton Debt Elimination Challenge” fund raising campaign. The money being raised and/or pledged is to eliminate remain debts on the Hall. Searer said, “Our goal is to raise $1 …
Willmar, Minnesota’s City Council, following a preliminary okay for tax abatement for the owner of Regency East Mobile Home Park. The hearing is set for December 1. Passage would mean $2500 a year in abatement for the next 10 years, as an offset for negative cash flow during the planned …
“Real estate has traditionally been slow to change but interviewees hope and expect significant innovation in the industry – particularly related to putting value on service as much as the physical product.” So says part of a new study released by CBRE and China-based Genesis, a property developer entitled …
Syndicated columnist George Will – as published in the Chicago Tribune – outlined a 6 point agenda recommended to Republicans who will control both the House and the U.S. Senate in 2015 as a result of the midterm elections. First up, says Will? One that would be popular with many …
