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.
Sounding off in the respected Huffington-Post, Wake Forest Law School Professor Tanya Marsh writes that: “First, the mega banks are just fine.”…”Second, community banks are definitely not fine.” and “Third, consumers are the big losers.” Marsh states that “In the second quarter of 2013, Bank of America saw a 63% increase in […]
A recent report by the Consumer Financial Protection Bureau (CFPB) agency found some servicers are “sloppy” about transferring paperwork when loans are sold, misapply payments and occasionally cause homeowners to pay their property taxes late. AOL’s realestate tells MHProNews that “Today’s report highlights both the mortgage servicing problems throughout the industry
CFPB’s Cordray: “Fixing” sloppy service by non-banks “is a priority for us” Read More
The Senate Banking Committee is developing housing finance reform legislation introduced in the Senate (S. 1217) by Bob Corker (R-TN) and Mark Warner (D-VA). Senate Majority Leader Harry Reid (D-NV) has indicated he opposes the plan abolishing the GSEs, asserting it would become too difficult for many to purchase a
Reid Opposes GSE reforms, clouding future of effort Read More
Questions about the timing of the FED’s QE bond buying, coupled with concerns that the U.S. may become involved in Syria’s civil war caused investors to pull back, CNN Money told MHProNews as the Dow slid to a close of 14,946.46, down -64.05 (-0.43%). Meanwhile, the Yahoo! Finance Manufactured Housing Composite
FED’s QE plans, Syria spook investors, stocks slide, but MH composite rises Read More
Two tea party Republicans serving on the Wilton Republican Committee are part of what may be an re-emerging pattern within the ranks of the party. Not unlike the 2010 Tea Party revolution that brought dozens of Republicans into the House of Representatives, local candidates Rob Arrigo and Elaine Gerber are
Tea Party Republicans challenging Incumbents over SAFE Act, Constitutional issues Read More
A letter to the editor of the ukiahdailyjournal by Judy DeBeni, a resident of Lake Mendocino Mobile Home Estates, in Ukiah CA brings to light an issue that goes well beyond her land lease community. DeBeni writes: “Sue Everett, in her letter of Aug. 7, claims to represent the residents
CA MHC resident says ‘Home Owners Association’ doesn’t speak for her or Residents Read More
MaineHousing’s tells MHProNews about their pre-1976 Mobile Home Replacement Initiative, which provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new Energy Star-certified manufactured home. The initiative combines an amortizing, interest-bearing MaineHousing mortgage loan with a $30,000
Residents of Fox Point manufactured home community in Wheeling, IL protested the town and FEMA’s actions that could keep them from re-occupying homes damaged in floods last April. The dailyhearld tells MHProNews that about two dozen picketers carried signs reading, “Stop discriminating” and “We are poor, not stupid,” as they
MHC Residents Protest City, FEMA Decision Read More
The National Association of Home Builders (NAHB) tells MHProNews that sales of newly built, single family homes declined in July 13.4%, to a seasonally adjusted annual rate (SAAR) of 394,000 units. “The drop-off in sales in July is in part a reflection of buyers’ reaction to the recent uptick in
Higher Mortgage Rates Cause Pause, may Fuel more Home Sales soon Read More
Day two of the rebound from stocks saw the Dow close at 15,010.51, +46.77 (+0.31%). CNN-Money tells MHProNews that some investors may have taken hope in a new academic paper from Northwestern University economists Arvind Krishnamurthy and Annette Vissing-Jorgensen presented at the annual meeting of central bankers in Jackson Hole, WY,
NW economists, how to taper without killing housing, Day Two of Stock Rebound Read More
Demand for Canada’s version of manufactured housing is rising rapidly in Manitoba, at the very time spaces in provincial land lease communities are scarce. With single family home sales in the region averaging $285,000, a new manufactured home in Manitoba for $115,000 looks very reasonable. So it is no surprise
High Demand for Manufactured Homes in Manitoba, but limited spaces in MH Communities Read More
The Lakeport, CA City Council voted to wait for a report from an agency before proceeding on a proposed rent control initiative that has enough petitioners to achieve ballot status. Save our Seniors (SOS) members derided the decision. SOS leader, Nelson Strasser. said: “When the park owners have to bring
City seeks balance on Rent control issue? Read More
Green Courte Partners, LLC announced the acquisition of Lamplighter Manufactured Home Community, an age-restricted land-lease community, containing 260 home sites, located in Port Orange, Florida. Green Courte engaged American Land Lease, Inc., a wholly-owned subsidiary of its second fund, Green Courte Real Estate Partners II, LLC, to manage the community.
Green Courte buys another ‘Senior’ Manufactured Home Community Read More
The Bertram City, TX council voted to house their EMS unit in a manufactured home, rather than spend more time and money building a conventional structure. Bertram, about 45 miles from the state capitol of Austin, decided on August 20th 4 to 1 in favor of the measure, budgeting $35,000
Council votes to house EMS in Manufactured Home Read More
Texas is not only the biggest state in the U.S. in terms of manufactured homes built and shipped, it is also ranked #1 for a pro-business environment by Chief Executive Magazine and now the Dallas Morning News reports it is one of the top 3 states in attracting people –
Texas Gains at CA, IL and NY Expense Read More
Darryl Searer, president, RV/MH Hall of Fame is progressing well today after undergoing a successful emergency quadruple bypass surgery yesterday morning at the Memorial Hospital in South Bend, according to Barry Cole, Hall chairman of the board. Cole said, “Over the past weekend Darryl suffered what he considered possibly symptoms
Emergency Quadruple Bypass Surgery for RV/MH Hall of Fame President Darryl Searer Read More
With almost 5 months before the show starts, Dennis Hill with Show Ways Unlimited has told MHProNews that the manufacturers floor space is sold out. This is a good sign of the momentum being built during the last 3 years since the show was canceled in 2010. In 2011 there
Louisville 2014: Manufacturers Space Sold Out Read More
The battle over rent control in Capitola, CA’s Sand and Surf manufactured home community is one that MHProNews has tracked for industry readers over the years, in Daily Business News articles like the one linked here. HK&C Law has announced that Capitola has now “quietly” approved the long sought subdivision.
Rent Control Victors Get Subdivision OK’d by city Read More
A “technical glitch” caused trading on the NASDAQ to halt for some 3 hours today. Meanwhile, CNN Money tells MHProNews that the Dow’s 6 days slide ended, as the market closed at 14,963.74, up $66.19 (+0.44%). The Yahoo! Financial Manufactured Housing Composite Value: 939.3, +1.63%. Cavco Industries lead gainers, 55.98 +2.86 (5.38%).
Trading Halted, Dow’s 6 Day Slide Ends Read More
Updating the recent story on Scranton PA based Westrum Development is installing a two story Cape Cod modular home on the post hurricane Sandy Jersey shore the firm built in just 28 days. Cost for Westrum’s three-bedroom modular home, says totalmortgage and the Wall Street Journal, is $179,000. 10 homeowners
Modular Homes becoming a new Jersey Shores thing Read More
