The Gazette tells MHProNews five of six scheduled modular homes have been sited on nearly a half-acre on the east side of downtown Colorado Springs, Colo. by Martin Newton of Pax Development. He originally proposed a ten unit, 42 foot tall condo for the property, and although city planning approved …
Originationnews reports the Mortgage Bankers Association (MBA) states origination profits per loan rose 15 percent in the third quarter over Q2, 2012 to $2,465 for each loan. The study zeroes in on small, independent mortgage banking firms, not any of the mega-banks. While costs have increased slightly, Bob Garrett of …
Bloomberg reports Marilyn Cotterman of Brownsburg, Ind. put $40,000 in a self-directed IRA that allowed her to invest in manufactured housing, earning a multiple of the original investment in three years. As a Roth Ira, gains and income accrue tax free providing you do not benefit in any financial way …
CNNMoney informs MHProNews the tripling of short sales in the last three years has led to banks being overloaded with requests, which has spawned a mortgage fraud called “flopping.” An underwater borrower gets the lender to agree to a short sale. The seller then “doctors” the house with offensive smells, …
The tctimes in Fenton, Michigan reports the problems allegedly emanating from the Lake Ponemah Mobile Home Park have become a bone of contention between some of the residents, the Fenton Township Board of Trustees, Genesee County Undersheriff Chris Swanson, the MHC owners, and state governing board Michigan Manufactured Housing Commission …
TheDailyCourier reports Beverly Granillo, who has been selling manufactured homes in Prescott Valley, Arizona since 1986, says used manufactured homes are selling well in the area because they are 30-50 percent less than new homes. She closed her dealership in 2009 because of the economy but now sells new and …
KeystoneEdge in Pennsylvania reports Ben Franklin Technology Partners of Northeastern Pennsylvania invested $60,000 in high-end modular home builder Taylored Building Solutions in Taylor, Lackawanna County, to update a computer program for tracking financial functions. Ben Franklin Technology Partners (BFTP) is a venture capital investment company that partners start-up tech firms …
As follow-up to a story we posted Jan. 2, 2012, Stardust Cruisers, the luxury houseboat company in southeastern Kentucky that transformed its production line to build modular homes, has completed its second energy-efficient modular home, utilizing the same material used in making houseboats. Kentucky Highlands Corporation, Kentucky Housing, and the …
We learn from Reuters that lending to small business in the United States barely grew in February. The news came from the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses. The index edged up to 98.3 in February from 98.2 a …
Before the housing bubble burst, builder Howard Kipnes would buy land speculatively and then build the home upon receiving a contract. That ended with the housing bust. Newsdays tells MHProNews.com that according to the U.S. Census Bureau, permits for single-family homes on Long Island, New York, fell to 90 in …
Market Watch tells MHProNews.com that ADP says 325,000 jobs in the private sector were added in December. According to CBIZ Payroll Services, their Small Business Employment Index (SBEI) rose 1.75 percent last month, the largest increase since 1.77 percent in December 2009. The November 2011 gain was only .35 percent. …
Following up on a story we posted Feb. 14, 2011, Stardust Cruisers in Wayne County, Kentucky, finished two prototype modular homes recently sited on foundations. Boat sales have declined with the drop in the economy, and the company was seeking an alternative product. In a collaborative effort with the University …
Newtek Business Services recently announced the release of the SB Authority Index for November 2011 reaching 109.48 points. Newtek says the SB Authority Index is up .31 percent from October 2011. The report says some states like Wisconsin, Ohio and Oklahoma have declining unemployment rates as governors there have cut …
