According to Mark Calabria, director of financial regulation studies at the Cato Institute, data collected by Lender Processing Service (LPS) reveals that for the first time, more than half of the borrowers in foreclosure have been in foreclosure previously. Writing in FinanceTownhall, Calabria says while first-time foreclosures have been falling […]
Foreclosure Recidivism Read More
The CATO Institute’s CEO, John A. Allison, is making the case that free markets not government are the solution to what caused the banking crisis. In his book,”The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope.” In a column to AB, Allison
CATO CEO Says Free Markets Are the Answer Read More
Hodge Named MHI Vice President – National Communities Council MHI President and CEO Richard Jennison announced yesterday that Jenny Hodge has been named MHI’s Vice President – National Communities Council. Hodge, formerly Vice President of Marketing for the American Integrity Insurance Group of Tampa, Fla., will be responsible for creating,
MHI Week In Review — August 31, 2012 Read More
gobogolusa reports the Washington Parish Planning Commission in Louisiana is considering amending parish regulations that prevents any manufactured home made before 1988 from being sited in the parish. That ordinance was instituted to prevent decrepit homes from being sited in the parish and rented as substandard housing, but the Louisiana
Pre-1988 HUD Code Homes may Receive Variance Read More
According to a study published in RVBusiness, Indiana ranked as the best state in the Midwest and the fifth best nationwide in which to do business, as noted by the Polllina Corporate Top Ten Business States of 2012 in conjunction with the American Economic Development Institute. In its ninth year,
Indiana Ranks High in Doing Business Read More
greenvilleonline reports trade group Institute for Supply Management (ISM) says its manufacturing index edged up from June over July 49.7 to 49.8, but still shy of 50, which indicates the economy is contracting. Any reading below 43 would indicate recession. The report notes job growth has stalled and manufacturing activity
Economy Muddles Along Read More
UkiahDailyJournal reports the Mendocino County Board of Supervisors in north central California unanimously voted down a rent control ordinance that would affect all 60 MHCs in the county. While proponents said it would protect seniors on fixed incomes, opponents said it stifles free enterprise while also noting a study by
County Slams Door on Rent Control Read More
ModularHomeCoach reports the United States Department of Agriculture (USDA) has instituted a program through its Rural Development Housing division to lower interest rates and monthly payments for thousands of borrowers who have loans made or backed by the USDA. The pilot program, designed to improve the housing market, is being
USDA Offering Refinancing to Homeowners Read More
Good news from the Institute for Supply Management (ISM) noting an increase in new orders was tempered by Spain’s rocky banking system and Greece’s possible departure from the Eurozone, leading to a minor gain for the Dow Jones Industrial Average. CNNMoney tells us the Dow gained 26.49 points, +0.22 percent,
Dow Edges Up, Cavco Gains over Five Percent Read More
Reporting on a story we have been following since May 2011, NCTimes says rent control supporters in Oceanside, California have been out in numbers demonstrating against Proposition E, a measure that will phase out rent control in all 17 of the city’s MHCs, to be decided by voters in a
Rent ‘Decontrol’ on Ballot Read More
