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.
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% […]
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
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
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
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
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
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
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
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
…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
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
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
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
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
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
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
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
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
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
Reuters tells MHProNews that “The Republican-led U.S. House of Representatives approved the Keystone XL pipeline on Friday, but a similar measure struggled to get enough support in the Senate and President Barack Obama indicated he might use his veto…” Since investors like predictability, is it any wonder a modest slip
Showdown over Keystone? Dow dips, but Manufactured Housing Composite Value Rises Read More
