Manufactured and Modular Housing News

News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.

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

By / November 19, 2014 / 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 / November 19, 2014 / 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 / November 19, 2014 / 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 / November 19, 2014 / 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 / November 18, 2014 / 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 / November 18, 2014 / 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 / November 18, 2014 / 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 / November 17, 2014 / 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 / November 18, 2014 / 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 / November 17, 2014 / 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 / November 17, 2014 / 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

Manufactured Home Communities mostly up with the DOW, but MH Composite slips

By / November 18, 2014 / Manufactured and Modular Housing News

The FED may not hit its target until 2016, news encouraging investors to keep the nearly 6.5% rise year-to-date on the Dow advancing. But that didn’t boost the MH Composite Value, which slid in today’s trading, while manufactured housing land lease communities (aka “mobile home parks”) did better overall. Dow 17,647.75 …

Manufactured Home Communities mostly up with the DOW, but MH Composite slips Read More

Hefty fines prove risks of Violating the CFPB’s LO Comp Rules

By / November 17, 2014 / Manufactured and Modular Housing News

  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

Manufactured Home Community REIT, Equity LifeStyle Properties, Inc. (ELS), given buy recommendation

By / November 17, 2014 / Manufactured and Modular Housing News

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 …

Manufactured Home Community REIT, Equity LifeStyle Properties, Inc. (ELS), given buy recommendation Read More

3 New 2015 Board Members Elected to RV/MH Heritage Foundation

By / November 17, 2014 / Manufactured and Modular Housing News

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

VAMMHA Board member’s child, Morgan Yancy, has Stage IV Neuroblastoma

By / November 17, 2014 / Manufactured and Modular Housing News

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

Troubling Income-gap reports; do they spell growth potential for manufactured housing?

By / November 16, 2014 / Manufactured and Modular Housing News

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

Sunday Morning Manufactured Housing Daily Business News Weekly Recap – 11.9-15.2014

By / November 26, 2014 / Manufactured and Modular Housing News

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

Manufactured Housing and the Freddie Mac deal, revisited

By / November 15, 2014 / Manufactured and Modular Housing News

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

The other side of Public Housing and Public Policy on Manufactured Housing

By / November 14, 2014 / Manufactured and Modular Housing News

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

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