How Long a Prison Term May Some Manufactured Housing Execs Get from Successful Prosecution? Law360 Clue-11 & 13 Year Prison Terms for Convicted Corp Criminal Fraud; plus MHVille REITs, Stocks Update

HowLongPrisonTermMaySomeManufacturedHousingExecsGetFromSuccessfulProsecutionLaw360Clue11+13 YearPrisonTermsConvictedCorpCriminalFraudPlusMHVilleREITsStocksUpdateMHProNews

Matt Stoller is an antitrust writer/researcher. Stoller is the author of the book Goliath and of the BIG newsletter which are focused on the problems and news associated with monopoly power in America. In his 12.5.2022 issue, Stoller asserts as his theme that increasingly political leaders on the right are pushing for serious antitrust action. Stoller has made the argument that Republicans are joining those Democrats who have long claimed they want to reign in abuses of corporate power. While there are strengths and weaknesses to Stoller’s arguments and evidence, some of which will follow herein, the implications of the notion that millions of citizens from the left and right are increasingly holding similar views on monopoly power is an important topic for the ever-more apparently market-manipulated manufactured housing industry. Other evidence of this trend to reign in corporate abuses of economic and political power in this post will be the 13-year prison sentence handed down by a federal judge for “defrauding investors” reported by Law360. Law360 also reported that Theranos’ former CEO Elizabeth Homes got “over 11 years” for white collar corporate crimes. While the picture that emerges is not crystal clear, these pieces of reported evidence are added to by the growing outcry from among GOP lawmakers – who in turn are being pressed by their increasingly populist voting base – to explore “antitrust” and ‘fiduciary responsibilities’ actions along with other federal/state violations with legal efforts taking aim at aggressive corporate practices including ESG practices. While Cavco Industries settled their SEC claims for a relatively modest $1.5 million, the legal issues raised research conducted by Samuel Strommen with Knudson Law make it clear that “felony” “antitrust” with possible RICO and other legal claims could go beyond money to include prison time for several possible manufactured housing industry professionals. Pieces of reported evidence related to such risks will be the unifying theme for this article.

Actual cases past and pending cases plus prior convictions for business misbehavior in MHVille are linked herein as additional reasons to consider the potential for criminal as well as financial penalties for corporate malfeasance.

Our final segment of today’s report will include the Daily Business News on MHProNews update on manufactured home community REITs and other manufactured housing connected stocks. One of those manufactured housing connected equities cited in a third-party report herein connected to this theme of pending and ongoing probes of corporate giant BlackRock, which holds interests in manufactured home land-lease communities, among their other investments.

With that introduction and outline are the following news items.

  • 1). From Law 36O is this in an email on 12.7.2022 to

QuoteMarksLeftSideBREAKING: Ex-Theranos Exec Balwani Gets Nearly 13 Years For Fraud

By Dorothy Atkins

A California federal judge sentenced former Theranos executive Ramesh “Sunny” Balwani to almost 13 years in prison for defrauding investors and patients with bogus blood-testing technology on Wednesday, a month after the company’s former CEO Elizabeth Holmes was sentenced to over 11 years for related crimes.”

 

  • 2). From Matt Stoller’s Big Newsletter on 12.5.2022 are the following pull-quotes.

QuoteMarksLeftSideFor the last five years, the Republican Party has been in a tense internal debate over its relationship with corporate America. With the Republicans about to take over part of Congress, and a coming debate over their Presidential nominee, this issue could become explosive.”

… How real is the anger at big business on the right? And how are conservative politicians wielding this anti-corporate rhetoric?”

Stoller provided this insight.

QuoteMarksLeftSideToo Woke to Fail

One of the constant themes of this newsletter has been the conflict on the conservative side of the aisle over corporate power. The emergence of a genuine anti-monopoly faction on the right has been gradual, but it exists for a simple reason: Republican voters themselves have turned hostile to large corporations.

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Despite skepticism many on the left have about this phenomenon, the anti-corporate sentiment isn’t fake, and it is having an impact on parts of the Republican Party in D.C. …”

So during the 4th quarter of 2022, Pew Research documented what Stoller calls the mood-shift by supporters of the right (generally Republicans) which he said mirrors similar sentiment among those on the left (generally Democrats) that rail against apparent abuses of corporate power.

For those who listen to talk radio for anecdotal evidence from callers and pundits alike, it is apparent that anger over big tech, big social media, big news, and big corporations is increasingly tied to their billionaires who not so long ago were celebrated by many on the right. But today there appears to be increasing evidence that ‘the elites,’ their political and public official cronies are being viewed as the enemies of the interests of tens of millions of everyday Americans.

Stoller noted: “It’s more than just Congress. Last year, conservative Supreme Court Justice Clarence Thomas, attacked the power of dominant firms, arguing monopoly power was upstream from censorship. Texas Republican Ken Paxton is leading a suit to break up Google, and Ohio Attorney General David Yost is seeking to have Google declared a public utility. I could go on, suffice to say there’s a lot of evidence that a faction on the right is disdainful that monopoly power exists.” Stoller’s point illustrates recent reports on MHProNews/MHLivingNews the include several figures among Republicans/the right pressing these issues, but also includes example of how Sun Communities and others in MHVille have been publicly criticized Democratic attorneys general.

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https://www.manufacturedhomelivingnews.com/attorney-general-wm-tong-its-criminal-and-its-elder-abuse-sun-communities-in-latest-private-equity-mhville-drama-involving-major-manufactured-housing-institute-me/
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Stoller remarked that: “In 2016, Trump attacked big business, offering a chaotic anti-establishment message. While corporate concentration increased under Trump, his administration was not without anti-monopoly successes. For instance, during Operation Warp Speed to create Covid vaccines, the White House handed out contracts to not just one but six pharmaceutical firms, which meant there was actually competition. Under Attorney General Bill Barr, the Antitrust Division brought the first monopolization suit in 20 years, against Google. And the Trump FTC also brought a monopolization suit against Facebook.

Trump’s anger at Big Tech, considering he was de-platformed, has only risen.” Stoller went on to state that: “I do not know how Trump will run his 2024 campaign, but corporate power will likely again fit in.” The BIG author asserted that: “And [Florida Governor Ron] DeSantis [R], following Trump, has a track record of putting big corporations on the defensive, most famously Disney. Unlike Trump, who bashed firms like Carrier for offshoring jobs, DeSantis’ disdain for corporations is much narrower, focusing only on conflicts over ‘woke’ capital.”

Whether this is “chaotic,” to borrow Stoller’s term above, or an increasingly clear image of emerging dissatisfaction-to-anger from the left and right will be clarified in time.

But what’s more certain is that the intersection between some in big politics across the left-right spectrum publicly taking aim at abuses in corporate power, examples of that pattern have been reported by MHProNews for years. They have played out in actual cases and claims. Some of those cases have been settled. Some were successfully litigated. Others are still developing or are pending at the state and national levels.

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https://www.manufacturedhomepronews.com/mobile-home-park-manager-accused-of-multiple-counts-of-fraud-marty-lavin-j-d-gives-legal-opinion-on-community-owners-and-sellers-risk-video-facts-an/

“Scam” “Rip-off”- Manufactured Housing Confidence or “Con” Man Arrested, Fraud Charged in String of Cases – Better Business Bureau Consumer Alert

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https://www.manufacturedhomelivingnews.com/unpacking-clayton-homes-linked-vanderbilt-mortgage-and-finance-fraud-and-rico-case-us-district-court-southern-district-of-texas-corpus-christi-division-case-no-c-09-312/

One of the world’s wealthiest billionaires, Jeff Bezos led “Amazon is hated on the right as a bulwark of progressivism,” said Stoller’s article. “And you can find an endless number of right-wing critiques. Conservatives distrust Amazon.”

But it isn’t just giant Amazon.

It is giant Facebook and Mark Zuckerberg.

It is Google and their corporate leaders.

And it isn’t just conservatives who are calling out left-leaning corporations and their often wealthy leaders.  Microsoft founder William “Bill” Gates III is among the targets by serious advocates among Democrats – and Republicans – who are taking aim at big pharma, big tech, and corporate collusion with public officials.

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Note: the odds of a Gates arrest occurring anytime soon are dim. That noted, the point that protests against Gates occur is of interest. https://www.manufacturedhomepronews.com/watchdog-on-corruption-crowd-arrest-bill-gates-arrest-bill-gates-super-protest-hits-warren-buffetts-bud-gates-who/
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https://www.manufacturedhomepronews.com/when-wall-street-came-to-my-mobile-home-park-rhp-properties-brookfield-manufactured-housing-institute-firms-ripped-via-dark-money-funding-warren-buffett-bill-gates-george-soros/
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https://www.manufacturedhomepronews.com/one-nation-under-blackmail-intelligence-crime-jeffrey-epstein-robert-f-kennedy-jr-investigative-journalist-whitney-webb-on-deliberate-coverup-of-bill-gates/

While Stoller didn’t mention this next point either, MHProNews/MHLivingNews periodically points out the apparent business and philanthro-feudalism ties between Gates and Warren Buffett led Berkshire Hathaway. Clayton Homes, 21st Mortgage Corporate, Vanderbilt Mortgage and Finance (VMF) are just some of the Berkshire brands that also includes Shaw’s floor coverings or previously more independent Joanne Stevens in community brokerage operating in the manufactured housing industry.

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https://www.manufacturedhomelivingnews.com/open-letter-kurt-kelley-joanne-stevens-frank-rolfe-manufactured-housing-review-about-senator-elizabeth-warrens-request-for-information-from-manufactured-home-community-owners/
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https://www.manufacturedhomepronews.com/mhi-lies-independent-businesses-die-true-or-false-berkshires-joanne-stevens-strikes-again/
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https://www.manufacturedhomelivingnews.com/doj-cfpb-record-racial-discrimination-redlining-case-settled-by-warren-buffett-led-berkshire-hathaway-owned-lender-clayton-homes-and-their-affiliated-lending-named-by-seattle-times/
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https://www.manufacturedhomelivingnews.com/cpo-chase-mcgee-clayton-homes-chief-people-officer-scanlan-recruiting-says-clayton-culture-legendary-editorial-eyes-ultimate-clayton-homes-resource-for-biggest-manufactured/
  • 3). This report provided by the WND NewsCenter to MHProNews provides another possible piece of evidence for the emerging picture.

WND

Green movement put on notice over alleged antitrust violations

Climate agenda is a ‘radical partisan activism masquerading as responsible corporate governance’

By Bob Unruh
Published December 6, 2022 at 4:53pm

WNDnewscenterLogoQuoteThe green movement in America is being put on notice for possible violations of antitrust laws.

U.S. Reps. Dan Bishop, R-N.C., Jim Jordan, R-Ohio, Matt Gaetz, R-Fla., Tom McClintock, R-Calif., Scott Fitzgerald, R-Wis., and Cliff Bentz, R-Ore., have written to leaders of the Climate Action 100+ activist group requesting key documents surrounding the use of Environmental, Social, and Governance policies.

The letter warns that the coordinated scheme involving banks, money managers and Climate Action 100+ to “restrict investments in coal, oil, and gas is driving up energy costs across the globe, empowering America’s adversaries abroad, and may violate United States antitrust laws.”

“ESG is, at its heart, radical partisan activism masquerading as responsible corporate governance,” said Bishop. “These corrosive practices may violate our nation’s antitrust laws, and we must be relentless in investigating them.”

The letter to a list of leaders of the organization explained, “We are writing to you because of your roles coordinating how some companies pursue environmental, social, and governance (ESG) policies in ways that may violate antitrust laws.

“Each of you is on the Steering Committee for Climate Action 100+, which seems to work like a cartel to ‘ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.'”

It continued, “In addition, Ms. Lubber leads Ceres, a non-profit co-founder of Climate Action 100+. Ceres runs a regional corporate network for Climate Action 100+, advancing ESG policies by encouraging and helping drive ‘collective action.’ Mr. Nzima works for the California Public Employees’ Retirement System (CalPERS), the largest U.S. public pension fund. CalPERS—a board member of Ceres—also co-founded and now helps govern Climate Action 100+.”

The letter said, “In short, you and your organizations appear to play major roles in efforts to advance ESG policies. We therefore write to request information about related conduct or agreements that may be unlawful under U.S. antitrust laws.”

The letter explained that multiple domestic corporate interests are increasingly in unison on “advancing progressive policy goals.”

“Some companies and executives promote these left-wing views and policies even when doing so runs counter to consumer sentiment or robs Americans of hard-earned income. Certain large companies—some of which are involved in the work of Climate Action 100+ or Ceres, or may have connections to CalPERS—appear to be important players in these efforts. For example, Larry Fink, who chairs one of the world’s largest asset managers, BlackRock, is infamous ‘for his annual letters to America’s CEOs chiding them to adopt the latest MSNBC-approved wisdom on politics and policy,'” the letter said.

But in fact, ESG is nothing more than “partisan politics masquerading as responsible corporate governance. A major ESG ‘policy centerpiece’ is stifling investments in oil and gas, and Wall Street firms have ‘bragg[ed] about their coordinated efforts to choke off investment in energy.’ Boycotting certain energy investment, however, is just a subset of the types of ESG-related goals. The list includes, for example: ‘climate change (e.g., reporting on climate change, risks of climate change, greenhouse gas emissions goals),’ ‘sustainability reporting,’ and other ‘energy-related’ issues. ESG goals can also include other policy concerns, such as ‘fake news dissemination’ or ‘gun control.’ Access to abortion has even become part of ESG.”

The letter is addressed to Mindy Lubber, of Ceres, and Simiso Nzima, of CalPERS.

“Corporate America’s collusion in pursuit of ESG goals may violate federal or state antitrust laws. Antitrust law is generally ‘skeptical of cooperation among competitors’ over certain matters, and that includes coordination over ESG goals. The ‘traditional principles that prohibit cooperation among competitors in ways that restrict price, output, or quality’ apply ‘regardless of their values-based intent.’ As one antitrust expert has explained, ‘[t]he loftiest of purported motivations do not excuse anti-competitive collusion among rivals. That’s longstanding antitrust law,'” the letter warned.

“No matter how firmly a company or its executives believe in the goals of ESG, that belief does not excuse anticompetitive agreements or unlawful conduct to advance progressive policies. The Committee on the Judiciary has jurisdiction to examine unlawful restraints of trade and commerce. Accordingly, to help us better understand the roles you and your organizations play in facilitating and coordinating companies’ efforts to achieve ESG-related goals, we request that you produce the following documents and information, for the period December 1, 2016, to the present.”

The Biden administration just days ago said companies with legal and ethical obligations to make the best return for investors, such as owners of retirement accounts, now can disregard their clients’ priorities in exchange for green agenda priorities.

The request for information from Republicans is significant, in that their party will be the majority in the U.S. House starting in January. ##

 

That 12.6.2022 letter from Congressional lawmakers to that nonprofit coalition was obtained by MHProNews from one of those lawmaker’s offices and is linked as a download here. Note that several manufactured housing industry-connected firms including ESG related talking points that may be found in their investor presentations.

 

Additional Information with More MHProNews Analysis and Commentary

While it is not yet settled, a state university has contacted this MHProNews author about presenting in 2023 to their students on corporate power as it relates to possibly illegal behavior operating in manufactured housing.

That source said in part: “There are already some graduate students starting to work on manufactured housing” including interest in apparent antitrust violations.

That source previously stated to MHProNews their view that real change come when more university graduate students take an interest in exploring the realities of manufactured housing vs. the outdated myths. But that university level interest also includes an apparent desire for understanding why manufactured housing is underperforming in historic term when there is an affordable housing crisis in America. That leads to the exploration of apparent evidence of corporate collusion with public officials connected to specific nonprofits and trade groups that apparently include Manufactured Housing Institute (MHI).

As MHProNews/MHLivingNews has spent years developing the facts and evidence on such topics. In contrast these issues and related evidence are largely ignored, downplayed, or dismissed by bloggers and publications associated with MHI. That lack of honest intellectual or journalistic curiosity may help explain how MHI and their state affiliates apparently get away with their poor handling of key issues facing MHVille. The ‘amen corner’ of spin, paltering, and posturing by MHI and their various mouthpieces may shed light on why their readership is reportedly far lower than here on MHProNews, per evidence from third-party metrics. It is worth mentioning that public officials, educational institutions, and a range of nonprofits are among the reported readers of MHProNews, per sources deemed reliable. For some time, MailChimp reported that the Washington, D.C. metro is one of the top locations for occasions with MHProNews emails.

Wheat and Chaff

It must be emphasized that all people, information, and sources should be treated with an eye on separating the proverbial wheat from the chaff. Stoller may have a blind spot when it comes to spotting paltering and posturing theatrics, especially in what may be biased thinking that Democratic political figure or public officials are always sincere, any more than he correctly observes that not all Republicans (candidates, elected or appointed officials) are populists who automatically back Trump-style populism.

That noted, Stoller specifically mentions in the pro-corporate camp of the GOP a figure that MHProNews cast doubt nearly 18 months ago, namely, now Virginia Governor Glenn Younkin.

Per Stoller: “For instance, Virginia Governor Glenn Youngkin, a potential 2024 Presidential nominee, quietly sent his wife to the opening of an Amazon Web Services skills center three weeks ago. He also appointed Jeffrey Palmore to be chairman of the Virginia Compensation Board, which sets pay for the various state officials overseeing Amazon’s financial concessions from the state. Amazon then immediately hired Palmore, giving the firm immense leverage over the government officials making decisions about how much Amazon profits. These pro-Amazon signals aren’t such a big deal for Youngkin, as he’s less a populist and more a wealthy plaid pants wearing finance dork. No one’s shocked by a Carlyle Group exec doing nice things for Amazon.

DeSantis is cut from different cloth. He is not wealthy, with a net worth of only $318,000, stunningly low for a politician. (And it actually dropped last year in office.) DeSantis has positioned himself as a socially conservative quasi-populist, a guy who won’t take guff from ‘woke’ corporate America.”

Our manufactured housing “Industry News, Tips, and Views” © platform articles have continued to report research that demonstrates the enduring value, need and thus importance of modern manufactured homes as an obvious part of the solution for the U.S. affordable housing crisis.

But in this platform’s seeking to understand and report on the historic level of underperformance of the manufactured housing industry led to the evolution of MHProNews/MHLivingNews. That underperformance must be connected to evidence from across the left-right spectrum that MHI and certain corporate players are to a significant degree behind throttling industry growth.

MHI Owes the Manufactured Home Industry an Explanation and a Lawsuit – the Need to Stop Destructive Energy Regulations of Manufactured Housing

While that may seem odd at first to a newcomer, when the known facts and ample evidence are carefully absorbed and weighed, it makes sense as a moat-building ploy that serious statements from Bill Gates, Warren Buffett, and Kevin Clayton have voiced. Meaning, one would have to ignore the weighty evidence in order to come to a different conclusion than MHProNews editorially has spotlighted in recent years.

DidntWantToMeetWarren[Buffett]BecauseGuyBuysSellsFoundImperfectMarketNotValueAddSocietyZeroSumGameParasiticBillGatesPhotoMicrosoftLogoGatesFoundationLogoQuoteQuotableQuoteMHproNews
This statement is revealing. A parasite feeds on its host. Bill Gates admits he thought ill of Warren Buffett. But they got together on numerous business, nonprofit, and political levels. Clearly, whatever held Gates back he overcame. What he didn’t say in this quote is that Buffett changed. There is an inference that Gates learned from Buffett and embraced that parasitic business model.
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See the full context in the ‘read hot’ report linked here. https://www.manufacturedhomelivingnews.com/warren-buffetts-moat-per-kevin-clayton-ceo-clayton-homes-interview-transcript-video-affordable-housing-and-manufactured-homes/

In trying to publicly debate and deflect from that concern, pro-MHI and “proud member” of MHI, Andy Gedo instead provided useful remarks that reinforced this platform’s evidence-based thesis.

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https://www.manufacturedhomepronews.com/debate-current-former-manufactured-housing-institute-members-battle-over-clayton-homes-mhi-other-key-member-activities-and-industry-performance/

When outsiders looking in, such as Strommen and James A. “Jim” Schmitz Jr., and others have made similar evidence-based arguments, it serves to strengthen the case that antitrust, RICO and other legal actions could occur as the political and regulatory climate shifts.

As WND framed it: “The Biden administration just days ago said companies with legal and ethical obligations to make the best return for investors, such as owners of retirement accounts, now can disregard their clients’ priorities in exchange for green agenda priorities.

The request for information from Republicans is significant, in that their party will be the majority in the U.S. House starting in January.”

The fractures on the left between posturing populist stances and performance vs. the emergence on the right of those who are not just saber rattling but are taking measurable steps to reign in corporate power among ‘woke’ or other financial powerhouses is significant.

If the GOP ever gets their messaging act together as well as Democrats have done, an authentic tidal shift that creates a coalition across the left-center-right could occur.

Whatever Elon Musk’s actual motivations may be, he is shedding light on the dark ties between corporate, governmental, and political malfeasance.

Because “We the People” from all backgrounds and walks of life still have a significant say in America’s sagging republic, the emerging picture from otherwise disconnected puzzle pieces could yield the awakening that might tame the crony capitalist corporate beasts in or beyond MHVille. The day may come when more cases are brought against manipulative insiders who are often involved with MHI.

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https://www.manufacturedhomepronews.com/no-kings-in-america-john-sherman-speaks-to-manufactured-housing/Note: depending on your browser or device, many images in this report can be clicked to expand. Click the image and follow the prompts. To return to this page, use your back key, escape or follow the prompts.
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As the celebration of the birth of RV MH Hall of Fame inductee Danny Ghorbani is nigh, it is good to recall his expert observations alongside those of other industry professionals.

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https://www.manufacturedhomepronews.com/parade-of-facts-acclaim-fast-forward-flashback-celebration-of-manufactured-housing-industry-milestone-plus-mhville-reits-stocks-markets-and-mobile-home-park-investing-updates/

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Their years of closely following and reacting to MHProNews/MHLivingNews reports and analysis help explain why millions of pageviews are consumed annually on this website plus more on our sister site. It is not hubris, but cold hard facts that are made clear by simply comparing the content found here and elsewhere that nothing else from pro-MHI trade publishers/bloggers comes close to the coherent understanding of the realities found in MHVille. Who says? Several of our rivals.

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MHProNews has invited MHVillage’s top people to respond to concerns and claims made against them, they have so far declined to comment.
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Indeed, Kelley has contributed to MHProNews numerous times over the years, and has commented on political topics too. He published an article by Berkshire Hathaway unit manager Joanne Stevens, which without mentioning MHI, was clearly slamming them for what her article in MHR saw as a failure of industry preparation for obvious attacks on the industry.
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https://www.manufacturedhomepronews.com/american-institutional-failures-affordable-housing-and-manufactured-homes/

The case for today is closed by MHProNews on these developments. The silence from MHI, their corporate masters, and their respective attorneys is deafening.

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MHI has been ducking accountability for years, as these documented examples reflect. https://www.manufacturedhomepronews.com/masthead/4-quick-documented-examples-of-manufactured-housing-institute-leaders-publicly-ducking-out-on-explaining-their-performance-or-lack-thereof-els-howard-walker/

 

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https://www.manufacturedhomepronews.com/manufactured-housing-institute-mhi-outside-attorney-david-gochs-statement-to-angry-threatening-member-speaks-volumes-plus-sunday-weekly-mhville-headlines-in-review/
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Goch is a paid mouthpiece for MHI. This pull quote from a letter from Goch is fascinating. On the one hand, Goch says that MHI is working for the interests of all, and wants all points of view. But then, Goch threatens in writing an then MHI member who dared question the association. They can not have it both ways. Part of the irony is that in hindsight, as the evidence mounts, it becomes obvious that MHI has postured efforts for almost 20 years, since the start of the Berkshire era of manufactured housing began. Coincidence? Or just part of a broader plan that has benefited a few at great cost and harm to the many? https://www.manufacturedhomepronews.com/sun-communities-official-q2-2021-results-inversion-spencer-roane-letter-manufactured-housing-institute-scientia-potentia-est-plus-manufactured-home-stock-updates/
MHIsNewResearchStockholm SyndromeChainsOfHabitDefiningInsanityYouCantMakeThisStuffUpManufacturedHousingInstitutesWackyWednesdayPlusMHVilleREITsStocksUpdateMHProNews
https://www.manufacturedhomepronews.com/mhis-new-research-stockholm-syndrome-chains-of-habit-defining-insanity-you-cant-make-this-stuff-up-manufactured-housings-wacky-wednesday-plus-mhville-reits-stocks-up/

As a programming note, watch for upcoming reports on new legal issues that have developed in MHVille. Those pending reports will likely link back to this article for additional background and support. Don’t miss them. ##

ManufacturedHousingsNextBIGregulatoryBattleThatMHARRsSpotlightedAndWhichMHIconvenientlyIgnoredInRecentManufacturedHousingInstituteNewsPlusSundayWeeklyHeadlinesRecapMHProNews
https://www.manufacturedhomepronews.com/manufactured-housings-next-big-regulatory-battle-that-mharrs-spotlighted-and-which-mhi-conveniently-ignored-in-recent-manufactured-housing-institute-news-plus-sund/

Telling Manufactured Housing Story Honestly, Persuasively, Beneficially and Profitably with Facts, Evidence, Bright Line Distinctions – plus Sunday Weekly Manufactured Home Recap

Regarding Gaslighting-‘MHI News’–Manufactured Housing Institute, Monopolistic Housing Institute, Machiavellian Housing Institute, Manipulative Housing Institute? Friday Facts, Follies, Stocks Update

HUD Sec Marcia Fudge – Zoning, Manufactured Homes – “Until We Start to Address This We Are Going to Continue to be Perpetually in This Kind of Situation.” – News-Analysis, plus Manufactured Housing Stock Updates

 

Daily Business News on MHProNews Markets Segment

The modifications of our prior Daily Business News on MHProNews format of the recap of yesterday evening’s market report are provided below. It still includes our signature left (CNN Business) and right (Newsmax) ‘market moving’ headlines. The macro market moves graphics will provide context and comparisons for those invested in or tracking manufactured housing connected equities.

In minutes a day readers can get a good sense of significant or major events while keeping up with the trends that are impacting manufactured housing connected investing.

Reminder: several of the graphics on MHProNews can be opened into a larger size. For instance: click the image and follow the prompts in your browser or device to OPEN In a New Window. Then, in several browsers/devices you can click the image and increase the size. Use the ‘x out’ (close window) escape or back key to return.

DowJones-ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionSuppliersFinanceStocksEquitiesClosingDataYahooFinanceLogo12.7.2022

Headlines from left-of-center CNN Business – from the evening of 12.7.2022

  • Billionaire blues
  • NEW YORK, NEW YORK – MAY 02:
  • Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City.
  • Dimitrios Kambouris/Getty Images
  • Elon Musk is on the verge of losing his status as the world’s richest person, at least according to one metric
  • EMBARGOED UNTIL 8AM EST 12/6
  • General Motors Ultium electric vehicle charger installed in cooperation with Wheelers Chevrolet GMC in Marshfield, Wisconsin.
  • GM to put thousands of electric vehicle chargers in rural America
  • The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Walt Disney Co.’s ESPN will raise the price of its streaming service by 43% next month, betting that it can help cover the escalating cost of sports rights without losing subscribers who are grappling with soaring inflation.
  • The media business is in turmoil — but its stocks may be close to bottoming
  • An Amazon driver loads packages into a delivery van at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia. Amazon is offering deep discounts on popular products ffor Cyber Monday, its busiest shopping day of the year.
  • DC attorney general sues Amazon for allegedly misusing driver tips
  • People walk by a sign on the Meta campus In Menlo Park, California on Friday, October 28, 2022.
  • Meta avoids showdown over news content in US after journalism bargaining bill shelved
  • Wordle internet word game
  • Guess what the most-searched term on Google was in 2022
  • Huggable teddy bears have no age limit. Teens and grownups are buying them too
  • JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for mega banks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019.
  • VIDEO
  • MANDEL NGAN/AFP/AFP via Getty Images
  • JPMorgan CEO: Crypto is like ‘pet rocks’
  • Former Theranos COO set to be sentenced
  • Coca-Cola has an unexpected marketing strategy this holiday season
  • The very last 747 jumbo jet just rolled off Boeing’s assembly line
  • Amazon’s checkout page stopped working for some users
  • Companies can’t imagine life without the CEO. That’s a problem
  • Video: TikTok’s ‘How much is your rent?’ is the new MTV Cribs
  • UK strikes to hit ambulance services, hospitals and trains in the run up to Christmas
  • US oil plunges below $75 for first time since just before Christmas
  • UK tries to shore up energy supply with US deal
  • Congress wants to grill Live Nation’s CEO over the Taylor Swift Ticketmaster fiasco
  • Women sue Apple alleging their exes used AirTags to stalk them
  • Apple now lets developers charge as much as $10,000 for an app
  • RISK TAKERS: This former tech worker is helping change laws for people who get laid off
YahooFinanceLogo9ClosingStocksEquitiesBroaderMoneyMarketInvestmentIndicatorsGraphic12.7.2022MHProNews
In the business world, the rear-view mirror is always clearer than the windshield.” – Warren Buffett. That begs a key question. Why don’t more people LOOK at the rearview mirror so they can learn more about the patterns that influence what’s ahead? Note: depending on your browser or device, many images in this report can be clicked to expand. or example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection, you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.

 

Headlines from right-of-center Newsmax 12.7.2022   

  • Congress Drops Key Journalism Measure After Big Tech Blowback
  • Lawmakers have ended an effort to let media organizations bargain collectively with Big Tech over the distribution of content by leaving out a provision of a spending bill amid pushback from the tech industry and advocacy groups. [Full Story]
  • Related Stories
  • Meta May Remove News From Facebook If Bill Passes
  • Meta Oversight Board Calls for Overhaul of Controversial ‘Cross-Check’ System for VIPs
  • McConnell Stands Up to Big Tech, Backs Key Journalism Bill
  • Georgia Senate Runoff
  • Meuser: Time for GOP to Embrace Mail-In Voting | video
  • Warnock Win Means Dems Will Hold 51-49 Senate Majority
  • Walker Concedes After ‘Heck of a Fight’
  • Newsmax Projects Sen. Warnock Beats Walker in Runoff
  • Runoff Turnout Hits 1.4M
  • Video Report: Herschel Walker Concedes to Raphael Warnock | video
  • Georgia Runoff Senate Vote Presented Latest Test for Biden
  • Vernon Jones to Newsmax: GOP Short on Black Vote | video
  • New Black Panther Party Sent Armed Guards to Polls
  • More Georgia Senate Runoff
  • Newsmax TV
  • Trump Attorney: Fired Twitter Lawyer’s History ‘Telling’
  • Trump Attorney: Fired Twitter Lawyer’s History ‘Telling’ | video
  • Comer: Hunter Biden Bank Records Will Implicate Joe | video
  • Blackburn: Lifting Vax Mandate Vital for Military | video
  • Van Duyne: House GOP Will ‘Cut Off Funding’ to IRS Expansion | video
  • Fallon: Twitter Exposé Shines Light on Dems, Big Tech | video
  • Mark Morgan: Border Is ‘Worst Catastrophic Crisis of Our Lifetime’ | video
  • Singer John Ford Coley: ‘I Always Had a Heart for Cops’ | video
  • Murphy: Need to Tie Purse Strings to Free Speech on Campus | video
  • More Newsmax TV
  • Newsfront
  • Emhoff: ‘In Pain Right Now’ Over Rising Antisemitism
  • Doug Emhoff, the husband of Vice President Kamala Harris, said Wednesday that he is “in pain right now” over rising antisemitism in the United States but will keep speaking out against it and other forms of bigotry and hate for “as long as I have this microphone.””There is…… [Full Story]
  • Florida Town Tightens Up Code of Conduct Rules After Pride Festival Fiasco
  • The City of Venice, Florida, announced this week it would create a [Full Story]
  • Virginia Superintendent Fired After Investigation Into Sexual Assaults
  • A northern Virginia school board has fired its superintendent after a [Full Story]
  • Report: Classified Items Found at Trump Storage Unit in Fla.
  • Lawyers for former President Donald Trump found at least two items [Full Story]
  • Manhattan DA Bragg: Trump Probe ‘Ongoing’
  • Manhattan District Attorney Alvin Bragg saidthe investigation into [Full Story]
  • What Could Ukraine-Russia Peace Deal Look Like?
  • After a nearly yearlong slog and soaring rhetoric on both sides, [Full Story] | Platinum Article
  • Related
  • Ukraine’s Zelenskyy Named Time’s 2022 Person of the Year
  • UN Report: Russian Forces Killed Hundreds of Civilians Early in Ukraine War
  • Lawmakers Authorize $800M More for Ukraine in Defense Bill
  • US Not Enabling or Encouraging Ukraine to Strike Beyond Its Borders: Spokesman
  • Putin Says Ukraine Fight Is Taking Longer Than Expected
  • Border Patrol Agent Killed During High-Speed Pursuit of Migrants
  • A U.S. Customs and Border Protection agent was killed in the line of [Full Story]
  • Proxy War Between Skeptics, Believers Could Be Delaying UFO Report
  • The Pentagon’s latest assessment about the UFO phenomenon – [Full Story] | Platinum Article
  • Sinema Declines Ride With Biden on Air Force One
  • Kyrsten Sinema, D-Ariz., declined to travel aboard Air Force One [Full Story]
  • Elon Musk Briefly Loses Top Spot on Forbes Billionaire List
  • Tesla owner Elon Musk briefly lost the top spot on Forbes’ [Full Story]
  • Biden Approves Arms Sales to Taiwan, Confronting China
  • The Biden administration has approved two separate arms sales to [Full Story]
  • Video Report: Herschel Walker Concedes to Raphael Warnock
  • Republican Herschel Walker conceded the hard-fought Georgia Senate [Full Story] | video
  • Media Bargaining Measure Omitted From Bill After Big Tech Pushback
  • Lawmakers on Tuesday ended an effort to allow media organizations to [Full Story]
  • NY Times Braces for Walkout, Depleted Newsroom
  • More than 1,000 unionized journalists at the New York Times pledged [Full Story]
  • Rasmussen Poll: Majority Respect Marriage Act With Some Religious Concerns
  • The latest Rasmussen Reports survey finds that 62% of likely U.S. [Full Story]
  • DeSantis’ COVID-19 Response Could Help in ’24 GOP Primary Field
  • Florida Gov. Ron DeSantis’ response in dealing with the COVID-19 [Full Story]
  • Supreme Court Considers Republican Bid to Transform US Elections
  • The U.S. Supreme Court held tense arguments on Wednesday in a [Full Story]
  • Trump Makes Immunity Claim to Federal Appeals Court
  • Former President Donald Trump’s legal team on Wednesday will attempt [Full Story]
  • Hawaii Remembrance to Draw Handful of Pearl Harbor Survivors
  • A handful of centenarian survivors of the attack on Pearl Harbor are [Full Story]
  • Nicaraguan Migrants Dropped at Home of VP Harris
  • A bus carrying dozens of Nicaraguan migrants arrived at Vice [Full Story]
  • White House: ‘Mistake’ to Repeal Military Vaccine Mandate
  • A White House spokesman on Wednesday saidlifting the COVID-19 vaccine [Full Story]
  • Manchin Suffers Legislative, Party Setbacks
  • Joe Manchin, D-W.Va., endured a politically rough day Tuesday. [Full Story]
  • Walmart CEO Warns of Higher Prices, Store Closures Over Shoplifting
  • “Historically” high levels of shoplifting at the nation’s Walmart [Full Story]
  • FDA Grants Priority Review to Pfizer’s RSV Vaccine
  • Pfizer Inc said on Wednesday the U.S. Food and Drug Administration [Full Story]
  • Germany: 25 Arrested on Suspicion of Planning Armed Coup
  • Thousands of police officers carried out raids across much of Germany [Full Story]
  • China Loosens Anti-COVID Rules in Major Policy Shift
  • China announced on Wednesday the most sweeping changes to its tough [Full Story]
  • Republicans Warn About IRS Rule on $600 Transactions
  • Republicans are warning Americans the Internal Revenue Service could [Full Story]
  • Congress Approves ‘Tiger King’ Bill Restricting Big Cat Ownership
  • The Senate passed a bill Tuesday that would limit the possession of [Full Story] | video
  • Trump Enraged After Business Convicted of Tax Fraud, Other Crimes
  • Former President Donald Trump repeated his claims of a Democrat-led [Full Story]
  • Video Report: Hungary Out to Block EU Ukraine Aid
  • Video Report: Hungary Out to Block EU Ukraine Aid
  • Hungarian Prime Minister Viktor Orban is signaling that he is [Full Story]
  • Musk Fires Counsel, a Former Comey FBI Ally, for Slow-Walking ‘Twitter Files’ Leak
  • Twitter’s new owner Elon Musk fired deputy general counsel James [Full Story]
  • More Newsfront
  • Finance
  • Housing Costs Show Signs of Easing
  • The asking prices of new rental leases are easing, making economists optimistic that inflation in the U.S. could return to its 2% norm in 2024, The Wall Street Journal reports…. [Full Story]
  • Musk Installs Beds at Twitter HQ
  • BlackRock Has Frozen Hires, Reduced Spending
  • Co-founder of NFT Platform Blockparty Charged with Fraud
  • Coinbase CEO Expects Revenue to Plunge Over 50%
  • More Finance
  • Health
  • Eating Ultraprocessed Foods Linked to Increased Dementia Risk
  • Chips, pizza, cookies: Delicious, but a diet full of ultra-processed foods like these may contribute to brain deterioration, researchers report. Ultraprocessed foods have lots of added and unhealthy ingredients, such as sugar, salt, fat, artificial colors and preservatives… [Full Story]
  • What To Do When You Feel a Cold Coming On
  • New Study Points to Most Effective Drug for Macular Degeneration
  • Decline In US Twin Births Linked to Pandemic Lockdowns
  • Kirstie Alley Died of Colon Cancer: What You Should Know About This Deadly Disease
Yahoo-ManufacturedHomeCommunitiesMobileHomeParksFactoriesProductionSuppliersFinanceStocksEquitiesClosingDataYahooFinanceLog12.7.2022
In instances such as Apollo, Berkshire Hathaway, Blackstone or others, manufactured housing may only be part of their corporate interests. Note: depending on your browser or device, many images in this report and others on MHProNews can be clicked to expand. Click the image and follow the prompts. For example, in some browsers/devices you click the image and select ‘open in a new window.’ After clicking that selection you click the image in the open window to expand the image to a larger size. To return to this page, use your back key, escape or follow the prompts.

====================================

  • NOTE 1: The 3rd chart above includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry finance lender
  • NOTE 2: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
  • NOTE 3: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm.  Thus, there is still periodic activity on DVLY.
  • Note 4: some recent or related reports to the equities named above follow.

Manufactured Housing Properties-Results for Three and Nine Months Ending September 30.2022–Exploring ‘Mobile Home Park’ Manufactured Home Community Investing; plus MHVille REITs, Stocks Update

Telling Manufactured Housing Story Honestly, Persuasively, Beneficially and Profitably with Facts, Evidence, Bright Line Distinctions – plus Sunday Weekly Manufactured Home Recap

Manufactured Housing’s Next BIG Regulatory Battle That MHARR’s Spotlighted and Which MHI Conveniently Ignored in Recent ‘Manufactured Housing Institute News;’ plus Sunday Weekly Headlines Recap

‘Changes Will Benefit Customers,’ Boost Sales-Legacy Homes CEO Duncan Bates – LEGH ‘Delivered 22.5% Return on Equity in 1 Yr’ – Corp Q3 2022 Insights, Analysis; plus MHVille REITs, Stocks Update  

‘No Assurance Inflation Will Not Affect Our Future Profitability Financial Position’=Cavco Industries 10-Q, Solitaire Deal, More CVCO Data; Supreme Court Ruled-SEC Regs on False-Omitted Remarks

Skyline Champion Provides Quarterly Results, Adding Retail Centers, Improved Delivery Times-CEO Mark Yost Says ‘Can Outperform Conventional Housing’ Explored; Plus MHVille REITs, Stocks Update

ChaseMcGeePicClaytonHomesChiefPeopleOfficerScanlanClaytonCultureLegendaryEditorialEyesUltimateClaytonHomesResourceBiggestManufacturedHomeBuilderADM-BoeingLogosMHLivingNews
https://www.manufacturedhomelivingnews.com/cpo-chase-mcgee-clayton-homes-chief-people-officer-scanlan-recruiting-says-clayton-culture-legendary-editorial-eyes-ultimate-clayton-homes-resource-for-biggest-manufactured/

Triad Financial Services Q2-2022 FINANCIAL RESULTS, per ECN Capital – Several Bright Spots in Manufactured Home Market Highlighted, Including Communities, Retail, Land-Home, Floor; MHStocks Update

RileyMooreWVBlackrockWokeCapitalismEconomicExtortionCouldDestroyUS.FreeMarketCapitalismMayViolateFiduciaryDutyToShareholdersAntitrustLawsPlusMHVilleStocksUpdateMHProNews
https://www.manufacturedhomepronews.com/riley-moore-blackrock-woke-capitalism-economic-extortion-could-destroy-u-s-free-market-capitalism-may-violate-fiduciary-duty-to-shareholders-antitrust/
ClaytonHomes21stMortgageCorpVanderbiltMortgageFinanceVMFLogosBerkshireHathawayLegalGavelCash100s
https://www.manufacturedhomelivingnews.com/unpacking-clayton-homes-linked-vanderbilt-mortgage-and-finance-fraud-and-rico-case-us-district-court-southern-district-of-texas-corpus-christi-division-case-no-c-09-312/
UnpackingEquityLifeStylePropELSlogoQ32022SamZellPicEarningsFact$CallTranscriptQ4DividendsEyeOpeningGovtInterventionLawsuitInflationRemarksPlusMHC-REITComparisonManufacturedHomeMHProNews
https://www.manufacturedhomepronews.com/unpacking-equity-lifestyle-properties-inc-els-q3-2022-earnings-fact-call-transcript-q4-dividends-eye-opening-govt-intervention-lawsuit-inflati/

Manufactured Home Communities (a.k.a. ‘Mobile Home Parks’ – SIC) – Exploring UMH Properties; Fellow Manufactured Housing Institute Member Yes! Communities Suits and Settlements; plus MH Markets Updates

JohnBostickSunshineHomesRedBayALpicLOGO50thAnivCeleb1971-2021MobileHomesHUDCodeManufacturedHomesModularHomesRompThruManufacturedHomeHistoryMastMHProNews
https://www.manufacturedhomepronews.com/masthead/50th-anniversary-celebration-year-sunshine-homes-1971-2021-from-mobile-homes-to-hud-code-manufactured-homes-and-modular-homes-a-romp-through-key-phases-in-manufactured-home-histo/
NathanSmithKurtKeeneyFlagshipCommunitiesREIT-MHC.U.TOLogoDIsclosuresPitchWarningsManufacturedHomeCommunityFactsCaveatEmptorAnalysisPlusMHStockUpdatesMHProNews
https://www.manufacturedhomepronews.com/industryvoices/marty-lavin-j-d-weighs-in-on-resident-complaints-of-predatory-behavior-by-manufactured-home-community-consolidators/
SteveLawlerPhotoDeerValleyHomebuildersLogoDVLYLogoDeerValleyCorpAnnouncesMergerPlusManufacturedHomeInvestingStockUpdatesMHProNews
https://www.manufacturedhomepronews.com/steve-lawler-deer-valley-corporation-dvc-otcmkts-dvly-announces-merger-plus-manufactured-home-investing-stock-updates/
CTAttorneyGeneralWmTongItsCriminalAndItsElderAbuseSunCommunitiesInLatestPrivateEquityMHVilleDramaInvolvingMajorManufacturedHousingInstituteMemberFactsAnalysisMHLivingNews
https://www.manufacturedhomelivingnews.com/attorney-general-wm-tong-its-criminal-and-its-elder-abuse-sun-communities-in-latest-private-equity-mhville-drama-involving-major-manufactured-housing-institute-me/

2022 Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
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Disclosure. MHProNews holds no positions in the stocks in this report.

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That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)

CongRepAlGreenDeskTamasKovachLATonyKovachPhoto12.3.2019ManufacturedHomeProNews
All on Capitol Hill were welcoming and interested in manufactured housing related issues. But Congressman Al Green’s office was tremendous in their hospitality. Our son’s hand is on a package that included a copy of the Constitution of the United States and other goodies. Tamas has grown considerably since this photo was taken. 

By L.A. “Tony” Kovach – for MHProNews.
Tony earned a journalism scholarship along with numerous awards in history. There have been several awards and honors and also recognition in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position and may or may not reflect the views of sponsors or supporters.

 

 

 

 

 

 

 

Manufactured Home Production Growth Continues in September 2022, per Manufactured Housing Association for Regulatory Reform-Added Facts, Analysis, plus MHVille REITs, MH Connected Stocks Update

Consumers ‘Fears for the Future’-Mortgage Payments Surge Since 2021, Buyers Get Priced Out–Conventional Housing Woes are Manufactured Home Pro Opportunities; plus MHVille REITs, Stocks Update

 

 

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