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Daily Business News Briefs

Alleged Bad Actor Faces Lawsuit, Foreclosure

Alleged Bad Actor Faces Lawsuit, Foreclosure

In what has been a multi- year saga, the city of Tampa, Florida is suing the owner of a condemned manufactured home community for millions in code violation fees. According to SaintPetersBlog, nearly six years ago GreenPark Residences obtained a neglected 18-unit community in the city, and since then, officials with the City of Tampa […]...

22 Feb 2017

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Patrick Up, Manufactured Housing CV Down, Broader Markets Mixed

Patrick Up, Manufactured Housing CV Down, Broader Markets Mixed

Noteworthy headlines on – CNNMoney – Western media accused of spreading “fake news”. Fed leaders expect next rate hike “fairly soon”. Verizon to test 5G in 11 cities. Company says employee is missing with $100M. Some bullets from Fox Business – Dow sets longest record streak since ’87 as investors see little risk to rally. […]...

22 Feb 2017

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Bill Could Improve Economic Mobility for MH Owners

Bill Could Improve Economic Mobility for MH Owners

Wyoming, a state with one of the highest populations of people residing in manufactured homes, is working on leveling the playing field for owners. According to Wyoming Public Media, the state does not currently extend the same rights to manufactured home owners as it does for site built homeowners, but House Bill 56, which is […]...

22 Feb 2017

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Op-Ed Takes City to Task, Advocates for MH as Solution

Op-Ed Takes City to Task, Advocates for MH as Solution

Former Bend, Oregon mayor and property firm president Allan Bruckner, recently penned an op-ed in The Bulletin, which makes the case for manufactured housing as a solution to the city’s affordable housing crisis. “One of the obvious and most talked about problems in Bend is our need for affordable housing. Yet so far there has […]...

22 Feb 2017

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MHARR Submits Comments on SAA Funding Rule, Seeks Accountability for HUD Pr…

MHARR Submits Comments on SAA Funding Rule, Seeks Accountability for HUD Program Expenditures

Washington, D.C., February 21, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that it has filed written comments on a December 16, 2016 rule proposed by the U.S. Department of Housing and Urban Development (HUD) to modify minimum payments provided to State Administrative Agencies (SAA) within the HUD m...

22 Feb 2017

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MHC Community Planned

MHC Community Planned

In Calmar, Alberta, Canada, a plan for a manufactured home community is making some progress. According to County Market, representatives from Avillia Developments visited the Calmar council last week, in hopes of moving the town closer to approval for amendments to the Thomas Creek Area Structure Plan (ASP) and land-use bylaw to allow for a...

21 Feb 2017

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Skyline Up, Manufactured Housing CV, Broader Markets Soar

Skyline Up, Manufactured Housing CV, Broader Markets Soar

Noteworthy headlines on – CNNMoney – Wells Fargo scandal: 4 senior employees fired. Move over, Amazon: Here comes Walmart. Milo Yiannopoulos resigns from Breitbart. Whopper of a deal: Burger King owner buys Popeye’s. Some bullets from Fox Business – Chinese companies rush to trademark “Ivanka” for their businesses. Wall St hits record high, b...

21 Feb 2017

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Marty Lavin Lashes the Manufactured Housing Institute’s (MHI) Latest Initia…

Marty Lavin Lashes the Manufactured Housing Institute’s (MHI) Latest Initiative

Is anyone “…eating this dog food?” – emailed comment to MHProNews about Marty Lavin’s topic.   “We welcome outside oversight and criticism as it allows us to objectively evaluate our actions.” – Sam Landy, explaining UMH Properties perspective on media, public critiques.   “Let’s f...

21 Feb 2017

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Home Sales, Prices Expected to Rise

Home Sales, Prices Expected to Rise

A new report from the National Association of Realtors (NAR), shows that home sales numbers are projected to grow this year, but at the expense of affordability. According to the M Report, existing home sales could expand 1.7 percent in 2017, even though homebuyers at many income levels could see fewer listings on the market […]...

21 Feb 2017

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Homeownership Remains the Core of the American Dream

Homeownership Remains the Core of the American Dream

A recent poll commissioned by the National Association of Home Builders (NAHB) shows that homeownership is still at the core of the American Dream. According to the Times NWI, even as housing markets continue to recover at different rates around the country, the American Dream of homeownership remains strong – four out of five Americans...

21 Feb 2017

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While Hundreds Remain Displaced, Solutions Sit Idle

While Hundreds Remain Displaced, Solutions Sit Idle

In Lumber Ridge, North Carolina, it’s been four months since Hurricane Matthew wreaked havoc on the area. Over 350 families were displaced due to the storm, and, with homes too damaged to live in, they remain in hotels and motels, waiting. The reason? According to the Federal Emergency Management Agency (FEMA), it’s permitting and process. [&#...

21 Feb 2017

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New Sponsors

Featured Articles and Reports - February 2017 Vol. 8 No. 5

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Faster New Home Sale$ Growth, Getting the "Total Package"

 Faster New Home Sale$ Growth, Getting the

by Stan Posey Industry projections are that new manufactured home shipments in 2016 will be up about 10 to 12 percent over 2015.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Cordray Defiant, Says Trump Won’t Change Agency

Cordray Defiant, Says Trump Won’t Change Agency

by RC Williams Consumer Financial Protection Bureau (CFPB) Director Richard Cordray has finally spoken in the wake of President Trump’s inauguration, per the LA Times. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Publication Flip-Flops on UMH, NPR Effect in Play

Publication Flip-Flops on UMH, NPR Effect in Play

by RC Williams UMH Properties (NYSE: UMH) celebrated its 50th anniversary at the New York Stock Exchange last week, including ringing the closing bell. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Tiny Prefab Builder Takes His Show on the Road

Tiny Prefab Builder Takes His Show on the Road

by RC Williams Patrick Kennedy, owner of Panoramic Interests, a San Francisco, California based developer specializing in prefab homes, believes he has a partial solution to the Bay Area’s chronic... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

U.S. Existing Homes Sales Rise in December, MH Industry Response

U.S. Existing Homes Sales Rise in December, MH Industry Response

by RC Williams Data from the National Association of Realtors (NAR) shows that home sales continued their growth in December, as more buyers reached the market before the end of the... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

McGlinchey Stafford Survey of Latest Manufactured Housing Legal Decisions

McGlinchey Stafford Survey of Latest Manufactured Housing Legal Decisions

by Marc Lifeset, JD McGlinchey Stafford is proud to provide the Manufactured Housing Update to the manufactured housing industry.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Len…

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending

by Soheyla Kovach “The manufactured homes chattel lending market poses challenges and risks for the enterprises” NSP_READMORE

FINANCING

Northpoint Commercial Finance Expands Field Sales Organization

Northpoint Commercial Finance Expands Field Sales Organization

by Northpoint Commercial Finance Alpharetta, GA, January 30, 2017 – Northpoint Commercial Finance, a diversified inventory finance lender, is pleased to announce the hiring of three additional Directors of Business... NSP_READMORE

FINANCING

Security Mortgage Group Finances $10,007,000 for Several Communities in one…

Security Mortgage Group Finances $10,007,000 for Several Communities in one week

by Security Mortgage Group ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $10,007,000 in financing in one week... NSP_READMORE

FINANCING

Security Mortgage Group Finances 80,032,500 for Several Communities

Security Mortgage Group Finances 80,032,500 for Several Communities

by RC Williams Rochester, New York-based Security Mortgage Group, a national award-winning MH Community lending broker, has provided $80,032,500 in financing for several manufactured home communities throughout the nation... NSP_READMORE

FINANCING

Industry Should Stay the Course in Duty to Serve Efforts

Industry Should Stay the Course in Duty to Serve Efforts

by Jim Ayotte I appreciate the way that MHAAR respectfully criticized my commentary on the Federal Housing Finance Agency’s (FHFA’s) final rule to implement the “Duty to Serve” (DTS)... NSP_READMORE

FINANCING

"Intolerable!" FHFA - DTS rule on Manufactured Home Lending

-      M. Mark Weiss, JD. “If Congress had meant the “duty to serve” to be optional, it would not have called it a “duty.” NSP_READMORE

FINANCING

Clayton Homes commemorates business milestone with 60th Anniversary Home Be…

Clayton Homes commemorates business milestone with 60th Anniversary Home Berkshire Hathaway homebuilder unveils special edition home model in 2016

by Clayton Homes MARYVILLE, Tenn. — Clayton Homes, one of the largest builders of manufactured, modular and site-built homes combined, designed a special edition manufactured home to celebrate 60 years in business. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2017 Tunica Manufactured Home Updates

by Tunica Show A RIVER CUTS THROUGH A ROCK NOT BECAUSE OF ITS POWER BUT ITS PERSISTENCE… NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Jim Visser Honored, the Journal of Manufactured Housing now History

Jim Visser Honored, the Journal of Manufactured Housing now History

by Soheyla Kovach. The publisher of The Journal of Manufactured and Modular Housing, Jim Visser, was honored at the 2017 Louisville Manufactured Housing Show with the framed ‘thank you’ document,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

County Levies Stiff Fine in Dakota, as Trump Primes XL Pipeline

County Levies Stiff Fine in Dakota, as Trump Primes XL Pipeline

by RC Williams In a case that dates back to 2014, Williams County, North Dakota officials have re-instituted a $1.2 million fine against Western Petroleum LLC and its parent... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

“Stop, Thief!”

“Stop, Thief!”

by RC Williams News of a theft in Purcell, Oklahoma, indicate arrest warrants are outstanding for a man and woman charged in McClain County District Court with knowingly concealing stolen... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Trump’s Regulation Cuts Could Have Major Impact on MH

Trump’s Regulation Cuts Could Have Major Impact on MH

by RC Williams Throughout the 2016 presidential campaign, Donald Trump was very clear on one thing he wanted to change – regulations. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Buffett Supports Trump Picks, Soros Has Other Ideas

Buffett Supports Trump Picks, Soros Has Other Ideas

by RC Williams As President Donald Trump enters his first full week of office, his cabinet picks remain the front and center topics of discussion. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tough Times for Tiny Home Builders

Tough Times for Tiny Home Builders

by RC Williams While tiny homes may be all the rage in popular culture, local governments and regulations have made things tough in Washington State. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tornadoes, Severe Weather Ravage South, Misconceptions Abound

Tornadoes, Severe Weather Ravage South, Misconceptions Abound

by RC Williams The southern U.S. was severely affected this weekend, as tornadoes and storms destroyed homes, injured dozens and killed 16. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

“All Things Considered???”

“All Things Considered???”

by Industry Voice Perhaps it’s too much to ask a “news” show called “All Things Considered” to actually consider “all things” or, at least “all things” concerning the subjects... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Life changing moments in 2017

Life changing moments in 2017

byTim Connor Ever notice how a person's life can change from one minute to the next? NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

It's all in the questions

It's all in the questions

by Tim Connor Over the years, I have considered the difference between people who consistently do well in life - their careers and relationships and people who struggle. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Is your life purpose: what you have, what you do or who you are?

Is your life purpose: what you have, what you do or who you are?

by Tim ConnorMany people in life send mixed messages to their family, customers, employees or even total strangers creating confusion, a lack of trust and yes a lack... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Flemming Was His Name

Flemming Was His Name

By Greg McClanahan I wanted to share a few thoughts about what I think is a key element to achieving successful outcomes in our lives and in our business... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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Press Releases

Industry Lender Announces Name Change

Industry Lender Announces Name Change

After much consideration the San Antonio Federal Credit Union (SACU)/CU Factory Built Lending (CUFBL)/Mountainside Financial is excited to announce that we are changing our name to Credit Human Federal Credit Union. We chose this name because it reflects our commitment to improving the lives of those we serve, no matter where they live. We are not merging, being acquired, changing our membership guidelines or management. Our products and services will remain the same, and the people you’ve known and worked with will continue to be there whenever they are needed. We are simply deepening our fundamental focus as an organization that positively affects the financial health of our members and the communities in which they live. And while our name may be changing, we are still as committed to San Antonio as ever....

the MHMSM Team 13 Feb 2017 Corporate Press Releases

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SECURITY MORTGAGE GROUP Income Property …

SECURITY MORTGAGE GROUP Income Property Specialists

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have provided $30,000,000 in financing for several manufactured home communities nationwide in January 2017.    Managing Director, Gerard D. DiMarco, Jr., secured financing for a repeat client’s 290-site manufactured home community in Houston, TX with a non-recourse, long-term fixed rate loan of $8,287,000. In addition, Gerry helped negotiate refinancing for a repeat client’s Midwest MHC Portfolio with a non-recourse $5,950,000 loan featuring a long-term fixed rate and 30-year amortization. Gerry also helped negotiate refinancing for a client’s MHC in Norwich, CT with a non-recourse loan of $4,522,000. The loan featured a 12 year fixed and 4 years of interest only payments. Anthony J. DiMarco, the other Managing Director, helped negotiate acquisition financing for a repeat client’s purchase of...

the MHMSM Team 10 Feb 2017 Corporate Press Releases

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Northpoint Commercial Finance Expands Fi…

Northpoint Commercial Finance Expands Field Sales Organization

Alpharetta, GA, January 30, 2017 – Northpoint Commercial Finance, a diversified inventory finance lender, is pleased to announce the hiring of three additional Directors of Business Development.  These additions will augment the existing field sales team, provide enhanced regional coverage to service customers, and help further facilitate Northpoint’s robust growth across a variety of industries.  With a highly successful background in floor plan financing, Bob Swien will lead development efforts in Texas, Oklahoma, Louisiana, and Arkansas. Swien joins the Northpoint team from NextGear Capital with deep experience that has been gained over more than 30 years in financial services. Swien’s strong track record and expertise includes a heavy emphasis on business development and growing dealer relationships with such companies as ITT Commercial Finance, Green Tree, Textron Financial, and TCF Inventory Finance. Based...

the MHMSM Team 30 Jan 2017 Corporate Press Releases

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Clayton Homes commemorates business mile…

Clayton Homes commemorates business milestone with 60th Anniversary Home Berkshire Hathaway homebuilder unveils special edition home model in 2016

MARYVILLE, Tenn. — Clayton Homes, one of the largest builders of manufactured, modular and site-built homes combined, designed a special edition manufactured home to celebrate 60 years in business. The Clayton Built™ Anniversary Home is available with the Energy Smart upgrade that includes Low-E windows, a programmable thermostat and several other energy efficiency features. Clayton Homes started business in 1956 when founder Jim Clayton sold his first home. Since then, the company has evolved into a world class housing leader in building site-built homes, modular homes, “tiny” homes, barracks and dormitories, in addition to manufactured housing. Clayton has sold 828 of the Anniversary model home to date. “I’m so proud to continue the tradition my father, Jim Clayton, started – making the dream of homeownership a reality,” said Kevin Clayton, CEO of Clayton. “Over the past 60 years, we’ve...

the MHMSM Team 27 Jan 2017 Corporate Press Releases

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Security Mortgage Group Finances $10,007…

Security Mortgage Group Finances $10,007,000 for Several Communities in one week

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $10,007,000 in financing in one week for several manufactured home communities nationwide.   Managing Director, Gerard D. DiMarco, Jr., secured financing for a repeat client with a non-recourse long-term fixed rate loan of $1,550,000. The 90-site J&J Mobile Home Park is located in Bradenton, FL.  Anthony J. DiMarco, the other Managing Director, helped negotiate refinancing for a repeat client’s 209-site mobile home park in Texas with a $3,800,000 non-recourse loan with the ability to obtain a supplemental mortgage at a future date. In addition, Anthony secured acquisition financing for a repeat client’s purchase of a Texas mobile home park portfolio with a long-term fixed rate non-recourse loan of $3,120,000. Vice President, Pierce Redmond secured a...

the MHMSM Team 11 Jan 2017 Corporate Press Releases

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2017 Tunica Manufactured Home Updates

2017 Tunica Manufactured Home Updates

http://www.prereg.net/2017/tmfs/ A RIVER CUTS THROUGH A ROCK NOT BECAUSE OF ITS POWER BUT ITS PERSISTENCE… THE TUNICA SHOW has been in existence for over 19 years. 0ur annual show brings out an array of new manufactured home designs the latest in technology, the best suppliers’ offerings and a look at all the newest amenities and system-built options the industry can offer. And just like a river that cuts through rock year after year, the Tunica Show will be around for many years to come! March is a prime time for the Tunica Show, because builder/developers, retailers, community owners/operators and installers want to place orders and have inventory delivered in time for the spring selling season. They want to have the time to investigate and compare manufacturers and supplier exhibits. RESORTS CASINO All seminars will be...

the MHMSM Team 11 Jan 2017 Corporate Press Releases

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