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New Financing for MH in 2015; Plus DC, Tunica and Louisville Updates

A lender who’s firm originated hundreds of millions of dollars in mortgages in December is poised to enter manufactured home (MH) lending. That lender holds a high level management role. Our source has been talking to us for about 2 1/2 years, as part of their expanding their understand of the MH space. He tells …

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Bank Vault Door Closes on Manufactured Housing Lender

bank-vault-door-closed-credit=flickr-creative-commons-

We’ve heard for some time the whispers about the now announced closure of U.S. Bank’s indirect manufactured housing lending program. To protect sources, we’ve been unable to do more than hint before today about what is now a done deal. We didn’t have a date, but knew it was ‘coming.’ What does this mean for …

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The Appraisal Rule, Manufactured Housing and the Road to Success in 2015

The mid-term elections are almost on us. Some say it will be another wave, sweeping Republicans into control of the Senate like the 2010 mid-term gave Republicans control of the House. A close look at some key races suggests that is less than certain, which means turn out is going to be crucial for supporters …

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The Big Picture, MH Puzzle Pieces and More New Manufactured Housing Home Shows?

There are times when industry veterans understandably ask us one or more elements of the following, given the: U.S./Mexico border crisis, the “recession,” the FEDs pumping dollars into the system to keep stocks and the economy going, Ferguson – MO, China, Russia, ISIS and radical Isalmists, drug wars, the war on coal, DC gridlock, an …

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CFPB, MHI and MH Captive Finance Lending? Like “Screen Doors on a Submarine.”

Their headline was a strong tease. Indeed, there were two Consumer Financial Protection Bureau (CFPB) representatives at the Manufactured Housing Institute (MHI) Congress and Expo (C&E) event last week in Las Vegas. It was hardly an 'invasion.' Indeed, we knew the week prior to Congress and Expo that the pair had registered and paid to …

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Let the Deal Making Begin!

Perhaps you are a manufactured home (MH) retailer, and you want to compare the latest homes, loans, products and services available in your market. Maybe you are an MHCommunity operator, and you are tired of chasing aging used homes and those repos that still need thousands in updates, and then have no warranty when you …

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Why Stop a Clock?

Why are millions of more autos and trucks, Hundreds of thousands of more conventional houses and some five times the numbers of RVs sold annually than Manufactured Homes? The answer is both simple, and complex. "A man who stops advertising to save money, is like a man who stops the clock to save time." – …

Why Stop a Clock? Read More »

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