Finance

Foundation for Action as Fannie Mae CEO Put on Notice for Robust Personal Property Manufactured Home Lending

FoundationForActionHughFraterCEOphotoFannieMaeLogoOnNoticeRobustPersonalPropertyManufacturedHomeLendingDailyBusinessNewsMHProNews

“Congress, as part of the Housing and Economic Recovery Act of 2008 (HERA), enacted the Duty to Serve Underserved Markets (DTS), a remedial mandate which directs Fannie Mae and Freddie Mac to “develop loan products and flexible underwriting guidelines to facilitate a secondary market for mortgages on manufactured homes for …

Foundation for Action as Fannie Mae CEO Put on Notice for Robust Personal Property Manufactured Home Lending Read More

Tax Day Infographic, Fascinating Facts At A Glance

TaxDayInfographicFascinatingFactsAtAGlanceManufacturedHousingIndustryDailyBusinessNewsMHProNews

Unless you are in Maine or Massachusetts, taxes have to be filed, or an extension and any payments due must be submitted by mail or electronically today.  As WalletHub put it, “No one likes Tax Day, except for accountants and Uncle Sam.” They go one to say that, “We’ve spent …

Tax Day Infographic, Fascinating Facts At A Glance Read More

Stephen Moore Would Challenge Fed’s ‘Growth Phobia,’ Plus Manufactured Home Equities Updates

StephenMooreWouldChallengeFedsGrowthPhobiaPlusManufacturedHomeStocksUpdate

Most manufactured home tracked stocks rose, while the major markets mostly slid today.  Properly understood and promoted, HUD Code manufactured housing out to do well in good times or bad, because there is always a need for affordable homes.  That said, our feature this evening is another follow up for …

Stephen Moore Would Challenge Fed’s ‘Growth Phobia,’ Plus Manufactured Home Equities Updates Read More

Art Laffer on POTUS Trump’s Federal Reserve Board Picks, Plus MH Market Updates

ArtLafflerPOTUSTrumpFederalReserveBoardPicksPlusMHMarketUpatesDailyBusinessNewsMHProNews

From across the left-right spectrum, there is surprise and push back on President of the United States (POTUS) Donald J. Trump’s proposed nominees to the Federal Reserve Board.  It’s a chess game, in part, as POTUS Trump is essentially using the nominees in part to hammer a message home that …

Art Laffer on POTUS Trump’s Federal Reserve Board Picks, Plus MH Market Updates Read More

Remarks by HUD Secretary Ben Carson to the Mortgage Bankers Association

RemarksHUDSecretaryBenCarsonMortgageBankersAssociationDailyBusinessNewsMHProNews600

  Flashing back to 2016, among the former GOP contenders to announce their support for Donald J. Trump to become the 45th president was Ben Carson, M.D. Flash-forward to the present.  Now HUD Secretary Carson has been an earnest and dependable supporter of President Trump and his agenda. While he …

Remarks by HUD Secretary Ben Carson to the Mortgage Bankers Association Read More

Under Scrutiny, Giant Amazon Pivots, But What About Berkshire’s Manufactured Housing Brands? Plus MH Market Updates

UnderScrutinyAmazonPivotsButWhatAboutBerkshiresManufacturedHousngBrandsPlusMHMarketUPdatesDailyBusinessNewsMHProNews

Once even a friendly dog is given a bone, it may not let go without a serious struggle.  Ponder that metaphor for the next few minutes, as the Daily Business News on MHProNews briefly spotlights this evening an interesting contrast between the behavior of giant Amazon and giant Berkshire Hathaway …

Under Scrutiny, Giant Amazon Pivots, But What About Berkshire’s Manufactured Housing Brands? Plus MH Market Updates Read More

“Fight Like Hell” for Independence, Says Trustee – Manufactured Housing Inspiration?

FightLikeHellForIndependenceSaysTrusteeManufacturedHousingInspirationDailyBusinessNewsMHProNews600

The story from the Boston Globe has nothing on the surface to do with housing, much less factory-built housing. But it had much to do with independence, and the willingness to fight in an arguably increasingly monopolistic, manipulated or ‘rigged system’ society.  Who says? The New York Times, see the …

“Fight Like Hell” for Independence, Says Trustee – Manufactured Housing Inspiration? Read More

Gannett Media Exposés, MH Community Owner Moves Sparks Outrage – IEDs of Manufactured Housing

GannettMediaExposeMHCommunityOwnerSparksOutrageIEDsManufacturedHousingHavenparkCapitalPartnersMHProNews

Given the nature of the internet, bad news in one part of the country travels nationally and globally. So, while this specific incident may or may not seem to be in your market(s), or that of some professional that you know, this Gannett Company media series of exposés could well …

Gannett Media Exposés, MH Community Owner Moves Sparks Outrage – IEDs of Manufactured Housing Read More

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI)

NAMHCOlogoMHIbreakLogoIndependentCommunitiesRetailersSusanBrentonSaysWhatFueldBreakfromManufacturedHousingInstituteDailyBusinessNewsMHProNews

It is a principle of good medicine and good business that one must treat the underlying cause(s), and not merely the symptoms of an illness or problem. The headline topic will follow this rapid thumbnail of mobile/manufactured home (MH) history, which will prove useful to new and longtime readers alike.  …

Independent MH Communities, Retailers – NAMHCO’s Susan Brenton Says What Fueled Break from Manufactured Housing Institute (MHI) Read More

Fannie Mae, Freddie Mac Conservatorship Draws Secretary Carson’s Broadside, Plus MH Stock Updates

FannieMaeFreddieMacConservativeDrawsSecretaryBenCarsonsBroadsidePlusMHStockUpdates

HUD Secretary Ben Carson sounded of on important topics today, including Fannie Mae and Freddie Mac.  On a day when manufactured home tracked stocks saw more gainers than losers, the Russell, Dow, NASDAQ, and S&P all rose, we’ll take a peek at what the good doctor had to say about …

Fannie Mae, Freddie Mac Conservatorship Draws Secretary Carson’s Broadside, Plus MH Stock Updates Read More

Tunica Manufactured Housing Show, MH Industry Pro Feedback, Day 1

2019TunicaManufacturedHousingShowMHIndustgryProFeedbackDay1DailyBusinessNewsMHProNews

There is always something far more personal to those face to face contacts with professionals across the span of the industry.   Some of the things heard today, in no particular order of importance, from those at the Tunica Show were: The mood was generally good. Builders still report several …

Tunica Manufactured Housing Show, MH Industry Pro Feedback, Day 1 Read More

Lesli Gooch, PhD, Manufactured Housing Institute EVP Reveals DTS Financing Con Job

LesliGoochPhDphotoManufacturedHousingInstituteLOGOEVPExposesDutyToserveManufacturedHomesConJobDailyBusinessNewsMHProNews

When asked, manufactured home industry members often say they want more and better lending options.  That’s especially true for personal property, home only, or ‘chattel loans.’  Prospective consumers want more affordable lending. Existing or current manufactured home owners may want to refinance higher rate loans with a Berkshire Hathaway lending …

Lesli Gooch, PhD, Manufactured Housing Institute EVP Reveals DTS Financing Con Job Read More

Fed Caves, Rates Hikes, Balance Sheet, Smoother Sailing Ahead? Plus Manufactured Home Market Updates

FedCavesRateHikesBalanceSheetSmootherSailingAheadPlusManufacturedHomeMarketUpdatesDailyBusinessNewsMHProNews

Federal Reserve Chairman Jerome Powell announced what several observers are referring to as a ‘cave,’ giving into what investors and President Donald J. Trump has been pushing for over the course of several months. On a day when the broader market slid, and more losers than gainers on the manufactured …

Fed Caves, Rates Hikes, Balance Sheet, Smoother Sailing Ahead? Plus Manufactured Home Market Updates Read More

Hedge Fund Dumps Shares of Skyline-Champion, plus Manufactured Housing Stock Updates

HedgeFundDumpsSharesSkylineChampionPlusManufacturedHousingStockUpdatesDailyBusinessNewsMHproNews

The proverbial crystal ball has never worked, so it would be inaccurate to say that its broken. But trend-lines, a little logic, and track records can go a long way to reading tea leaves that could provide useful clues that might impact companies and stocks.  Tonight’s feature is a report …

Hedge Fund Dumps Shares of Skyline-Champion, plus Manufactured Housing Stock Updates Read More

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing

WhisleblowerDTSManufacturedHomeLendingCommitteeMemberSaysMHIUnholyAllianceDivertNeedLendingfromManufacturedHousingDailyBusinessNewsMHproNews

The source of the following memo is known to have served on one or more Duty to Serve (DTS) committee(s) with the Government Sponsored Enterprises (GSE) of Fannie Mae, Freddie Mac, other Manufactured Housing Institute (MHI) staff, and MHI member companies that participated in various discussions about access to lower …

DTS Manufactured Home Lending Committee Member Says MHI in “Unholy Alliance” to Divert Needed GSE Support Away from Manufactured Housing Read More

February Jobs Data in 1 Infographic, Construction Hit, Plus Manufactured Housing Stock Updates

FebruaryJobsData1InfographicConstructionHitPlusManufacturedHousingStockUpdatesDailyBusinessNewsMHProNews

February’s job totals were the worst since Sept 2017. The broader markets are down for 5 straight days. Part of the buzz about the lower numbers is reaction to the anemic job report, which included a sharp drop in construction jobs.  A look under the hood of the February jobs …

February Jobs Data in 1 Infographic, Construction Hit, Plus Manufactured Housing Stock Updates Read More

HUD Secretary Ben Carson on Opportunity Zones, Revitalization, DROPS 2020 Announcement, Plus Manufactured Home Stock Updates

HUDSecretaryBenCarsonOpportunityZonesRevitalizatinDrops2020AnnouncementPlusManufacturedHomeSTockUpdates

HUD Secretary Ben Carson is periodically featured on MHProNews for what should be obvious reasons.  Among those is the fact that the agency he heads is the primary regulatory body for HUD Code manufactured housing.  In a new video interview, Secretary Carson talks Opportunity Zones, President Trump and allegations of …

HUD Secretary Ben Carson on Opportunity Zones, Revitalization, DROPS 2020 Announcement, Plus Manufactured Home Stock Updates Read More

WH Economic Advisers Chair Kevin Hasset on U.S. Economy, 2018 totals, 2019 Forecast, plus Manufactured Housing Market Updates

WhiteHouseAdvisersCouncilChairKevinHassettUSEonomcy2018Totals2019ForecastPlusManufacturedHousingMarketUpdates

On the 10th up week for rising largely markets.  It was a good day for the markets in general, and manufactured home connected stocks too.  Tonight, we turn to a video with White House Council of Economic Advisers Chair Kevin Hassett. He lays out the numbers looking back, and looking …

WH Economic Advisers Chair Kevin Hasset on U.S. Economy, 2018 totals, 2019 Forecast, plus Manufactured Housing Market Updates Read More

Is Manufactured Housing Industry Backstab Coming Into Clearer Focus?

ManufacturedHousingIndustryBackstabComingIntoClearerFocusManufacturedHousingInstituteDailyBusinessNewsMHProNews

There are several new and recent items that are purportedly making it ever more clear what is occurring that are artificially stymieing manufactured housing industry growth. There is a new report from the Washington, D.C. based independent producers association – linked below – that raises several disturbing concerns.  They should …

Is Manufactured Housing Industry Backstab Coming Into Clearer Focus? Read More

Legacy Housing Announces New Bulk Leasing Program for Manufactured Home Communities and Mobile Home Parks

LegacyHousingAnnouncesNewBulkLeasingProgramManufacturedHomeCommuniteisMobileHomeParksDailyBusinessNewsMHProNews600

Legacy Housing Corporation (NASDAQ: LEGH) has announced a new program for manufactured home park and community owners across America.    The new Legacy bulk leasing program allows for parks and community owners to lease brand new singlewide and doublewide homes from our Eatonton, Georgia factory at an 8-year lease term.  …

Legacy Housing Announces New Bulk Leasing Program for Manufactured Home Communities and Mobile Home Parks Read More

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