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Manufactured Housing Industry Tips, Documents, News-Talk; Christ, Clinton, Bush, Obama, Trump – Flashback, Fast-Forward 2018 Analysis

December 30th, 2017 Comments off

It was a document read into the Congressional Record.

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It was first published by MHProNews.

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The document originated from a reader who sent it in as a news-making tip.

As in last night’s report, industry veterans will rapidly ‘get it.’

The two “Smoking Gun documents from 21st Mortgage were sent in as a reader tip to the MHProNews. Will Democrats and/or Republicans – or bureaucrats – introduce them into the federal record in 2018 or 2019?

Killing Off 100s of Independent Manufactured Home Retailers, Production Companies – Tim Williams/21st Mortgage “Smoking Gun” Document 2

Numerous other items, news tips – verbal and documented – have come into this pro-consumer, pro-industry trade media from third-party sources.

We review those through the lens suggested by industry veteran, Marty Lavin, JD – shown below.

FollowTheMoneyPayMoreAttentionToWhatPeopleDoThanWhatTheySayMartyLavin6MillionYachtManufacturedHousingIndustryDailyBusinessNews600

Lavin is an MHI award winner, and a success story in communities, retail and finance.

 

Federal Hearings, Investigations and D.C. Politics in 2018

Hearings and research are expected that could impact manufactured housing on issues such as:

  • finance,
  • antitrust (anti-monopoly),
  • racism,
  • energy,
  • corruption,

and more.

FHFA Publishes Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for Duty to Serve (DTS) Program

DutyToServeManufacturedHousingMMarkWeissJDPresidentMHARR-MHProNews--575x191

Duty To Serve, “Complete Waste of Time” per Tim Williams, CEO/21st Mortgage; POTUS Trump, Warren Buffett Insight$

MHARR vs. MHI on DOE Energy Rule, Pushback Pay$ Off?

Some of those may begin under the guise of a partisan, political issue.

Maxine Waters Statement, Preserving Access Manufactured Housing Act 2017, Warren Buffett, Clayton Homes

But partisanship on some issues as big as affordable housing can rapidly become bi-partisan, as an infrastructure bill may remind the nation in 2018.

From Senator Elizabeth Warren to the 45th president, monopolies are on the minds of Americans.

ElizabethWarrenSteveBannonBreitbartPOTUSMonopolyManufacturedHousingDailyBusinessNewsMHProNews_001

Maxine Waters specifically raised the topic of monopoly with respect to Berkshire Hathaway’s manufactured home brands – Clayton Homes, and their lenders – Vanderbilt Mortgage and Finance, and 21st Mortgage.

Post-Charlottesville, CfA’s Hunts Evidence of Racism, Steering, Predatory Lending Against Buffett’s Clayton Homes, Vanderbilt Mortgage, and 21st Mortgage

So too have pro-manufactured housing advocates like Prosperity Now (formerly CFED), or industry pros such as George Allen.

If they all magically changed their tune tomorrow, one would still have to ask the questions that a good journalists should, like – Why?

Research on affordable housing – including manufactured housing – related issues have been, and are being done by the CFPB, per Congressional and other sources.

The CFPB has already publicly referenced in a report MHProNews as a source.

Website software – which doesn’t know specifically who is on the site – does ‘sniff’ a .gov, .edu, .mil, .org, and other extensions that become data which inform our operations and management that a healthy percentage of researchers are on the MHProNews and MHLivingNews websites daily.

There is an increasingly referenced “deep state” in Washington’s “swamp.” Senator Bernie Sanders, and the President of the United States (POTUS), Donald J. Trump, are not the only ones who’ve spoken about the “rigged system.”

President Raises the M-Word, “Monopoly,” Plus Manufactured Housing Industry Market Update$

There is a new sheriff in town who can’t drain the swamp and deep state overnight. But he has already taken on the establishments of both political parties several times.

On a variety of issues, the president has won. All signs are, POTUS is willing to pivot as needed, and that he is relentless.

With anti-monopoly (anti-trust) obviously on President Trump’s and Democrats minds,

  • and given the aspirations of the American Dream,
  • look for researchers across the partisan divide to be digging into affordable housing,
  • including manufactured homes (MH).

Monopolies have long been seen as harmful to the interests of the vast majority of Americans. How are monopolies playing out in our MH industry?

Video Crash Course on Monopolies, Plus Manufactured Housing Institute (MHI) President Richard A Dick Jennison Video

Media and Political Influence

Pew. Harvard. The Media Research Center. Sharyl Attkisson.

Commentary, news, and other research across the left-right political divide have focused on issues of media tilt, bias and agendas – or other matters that impact or included manufactured housing industry professionals by the thousands.

Reports, Reflections on Media Tilt, Bias, Ignorance, and Manufactured Housing

Benson Demonstrates How “Propaganda Works” on “Most Americans”

Those same issues impact manufactured home owners by the millions.

Having the most “newsmaker” interviews in the industry, and the most research between our sister sites means that more people are looking for insights on information they find relevant.

Frank Rolfe: Pressured into Silence? Manufactured Housing Industry, and Journalism

Multiple sources – public and private – inform the Daily Business News on MHProNews about what’s actually occurring, as well as what may be about to happen, in the foreseeable future.

ELS’ Sam Zell – Compliance Costs Destroys Smaller Businesses = Consolidation

Professional and other reader tips and inputs to those platforms always have and always will, matter.

The Importance and Value of Independent MH Trade Publications

They come because we are the most read, the most independent, and the most trusted news-source in manufactured housing.

 

Consumers and manufactured homeowners, past and present, also contact MHLivingNews and MHProNews.

Media, attorneys, researchers, investors, professionals – all interact and intersect here.

What’s Wrong, What’s Right

There’s no president who has not invoked God’s name numerous times during the course of their presidency. Candidates for public office do so too.

On the 6th day of Christmas – and in the light of Judge Andrew Napolitano’s interesting editorial point this week – one might ask the following.  What role does God, ethics, and faith play in the lives of presidents and the nation?

Was Bill Clinton Just Wrong, or Did He Lie? MH Impact – Facts, Analysis

What role does God, ethics and faith play in lives of the thousands of industry professionals?  Or the millions being served?

Last night’s Daily Business News item on President Clinton could posit the same type question to any president, public official, or person.  See the Bill Clinton linked story, above.

Paraphrasing former Secretary of the Interior, James Watt, who said that he did not believe in most conspiracy theories. But what Watt did believe in was like-minded people who behave in like-minded ways.

That often looks to be conspiratorial, observed Watt, even if its not.

“Drag a hundred-dollar bill through a trailer park, you never know what you’ll find,” James Carville, Clinton Strategist

Tug of War for America’s Future, Center Stage in 2018

There is a tug of war over what America will look like in the years and decades ahead.

The principle of limited government – which was the bedrock that the U.S. Constitution was established upon – has arguably been eroded over the years. The general welfare clause of the Constitution was twisted to mean the opposite of what the founders expressly stated in the balance of the federal constitutional charter and the Bill of Rights.

  • Some believe in big government, because it brings them more money, and more power.
  • Others believe that limited government that provides maximum freedom and incentives for Americans will serve the majority, best.

Manufactured Housing is impacted daily by federal, state, and local officials.

The public is clamoring for affordable housing.

“The Solution to the Affordable Housing Crisis is Hiding in Plain Sight”

When some 8 million housing units are needed, expect the millions to be heard.  With ever more investors discovering the realities vs. the myths of manufactured homes, the time is approaching when the MH industry could explode onto the political stage.

NAR’s Yun – No Quick Fixes Spell$ Manufactured Housing Opportunitie$

Those looking initially may or may not always recognize that manufactured homes are a solution for affordable homes.

Manufactured Housing Facts 2017, By the Numbers

But millions of homeowners and consumers already know that manufactured homes are their solution.

The recently litigated case, linked below, reminds us all that people are fighting for the right that would not have been questioned in America a century or so ago.

“Mobile Home Ban” Suit Win, “Equal Justice Under Law,” Manufactured Home Owners, Buyers, Industry

Right and Wrong

What’s wrong is that we don’t ask what’s right,” said the brilliant scholar and news columnist, G. K. Chesterton.

ConfidentialNewsTipsOKTipsIreportMHNews@MHMSM-comGraphic

To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

Industry. Investors. Public officials – elected and appointed. Researchers. Consumers. Manufactured homes owners. What’s wrong? What’s right? Do eternal principles matter? Will the rigged system be unrigged?

Or will the changing moods of the times, and those with power or money manipulate and hold sway?

Officials, advocates and the people are reading, viewing, and asking questions.

They are making inputs, and providing tips.

2018 MH Initiatives

In the first quarter of 2018, several initiatives, videos, and reports are planned for production and publication.

One is a video done recently with a focus group on affordable housing, and manufactured homes role within it.

Based upon prior history, those are likely to be considered by many sources across the political spectrum.

Change is coming. That’s a given.

Will that change look more or less Godly? More or less in keeping with the American Dream? More or less like the principles of limited government that made America great in the first place?

Stay tuned.

More news, and newsmakers will provide the answers, starting next week, with more MH “Industry News, Tips, and Views Pros Can Use.” ©  ## (Fact checks, flashback, news in review, analysis, commentary.)

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

TwitterFacebookLinkedInNew Year’s Resolution: This writer already has one of the largest LinkedIn followings in the manufactured home industry. But we’ve frankly not asked for Twitter, or Facebook followers. That changes, starting today. If you want to keep up with posts relevant to the industry, you can connect via the links below.

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We agree with Warren Buffett on the value of the lessons of history, reading and research. Without those deep insights, the wool can be pulled over other people’s eyes.

By L. A. “Tony” Kovach.

Kovach is the award-winning managing-member of LifeStyle Factory Homes, LLC,
parent to MHProNews, and MHLivingNews.com.
Both are #1 in their categories.

Kovach is one of the most endorsed and recommended MH industry professionals in all of manufactured housing.

Dodd-Frank: Clintons, Buffett, Trump and What it all Means

December 5th, 2016 Comments off
doddfrankclintonsbuffetttrumpandwhatitallmeanscreditthewhitehouse-postedtothedailybusinessnewsmhpronewsmhlivingnews

President Obama signs Dodd-Frank into law. Credit: The White House.

With President-elect Donald Trump set to take office in a few weeks, one of the issues front and center is Dodd-Frank and what will happen to the legislation, which Senators Elizabeth Warren (D. MA.) and Bernie Sanders (I. VT.) have vowed to defend.

The issues, opinions, perspectives and points of reference abound.

Patrick J. Richard provided his take in American Banker, making the case that dumping Dodd-Frank could restore executive accountability to the financial sector.

doddfrankclintonsbuffetttrumpandwhatitallmeanscreditamericanbanker-postedtothedailybusinessnewsmhpronewsmhlivingnews

Patrick Richard. Credit: American Banker.

Absent from the debate over rolling back Dodd-Frank,” wrote Richard, “is recognition of how a regulatory recalibration – restoring balance between risk and rules – would also restore more personal responsibility on the part of financiers.

Richard used Warren Buffet and Berkshire Hathaway as an example of risk/rule balance in action, including Buffet’s line from his 2004 annual letter to shareholders that said “After all, who ever washes a rental car?

The ‘rental car’ in the oft-used expression could be a metaphor for the current financial services industry,” wrote Richard. “It has been so influenced by government regulation since the crisis that executives and boards of directors perhaps feel less ownership and accountability for its performance. Good governance recognizes that executives should treat the bank’s investments at least as carefully as their own money – or car.

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Parady of CFPB logo – credit, Plus 1 Properties. Cartoon collage credit, MHProNews.

Buffett referred to the importance of aligning executive and director incentives with shareholder interests in his 2004 letter.  In it, he made clear that all Berkshire Hathaway directors purchased their holdings in the markets just as normal shareholders did and that Berkshire Hathaway does not carry Directors & Officers liability insurance.

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Warren Buffett, President Obama, credit – Motely Fool.

Buffett’s approach here is simple but far-reaching,” wrote Richard. “Directors and officers put ‘skin in the game’ and hold the same economic upside and downside as shareholders. They also face personal liability and full accountability for the legal ramifications of any misdeeds. Directors and officers do the right thing in part because it is in their personal interest to do so.

Richard also shared how this equation is more complicated for banks, as they treat shareholders and depositors as key stakeholders, even though their interests can be at odds. In part, this ties into the “why we need it” narrative of Dodd-Frank regulation. 

In reaction to the financial crisis, Dodd-Frank produced a blizzard of regulations to proscribe a litany of behaviors. But this approach has proven costly, complicated, stifling to innovation and susceptible to gaming,” wrote Richard. “Worse, it may have actually undermined executive accountability: The CEO in effect becomes a compliance manager rather than driver of key business decisions, often left to rely on the secondary assurances from risk managers and other mid-level managers.

Richard sums up his take by stating that massive regulation offers the opposite of the Warren Buffett approach. “By creating a system of highly detailed regulations that no CEO or board could recite, let alone master, Dodd-Frank and other regulatory schemes empower specialists, lawyers and bureaucrats,” wrote Richard.

doddfrankclintonsbuffetttrumpandwhatitallmeanscreditap-postedtothedailybusinessnewsmhpronewsmhlivingnews

Hilary Clinton. Credit: AP. 

Understanding the Clinton Connection

A recent editorial from Investor’s Business Daily (IBD) highlights comments from Hillary Clinton at a September Presidential debate, and shows how the Clinton Administration – not the tax cuts during the Bush 43 Administration – set the stage for Dodd-Frank.

In 1995, using the powers of the presidency, Bill Clinton turned the 1977 Community Reinvestment Act into an aggressive program that basically forced banks to lend money to ‘underserved’ communities,” the article said.

Credit: IBD.

Credit: IBD.

That meant those with low incomes who couldn’t necessarily repay a loan.

This is where The Department for Housing and Urban Development (HUD) comes in.

Under HUD Secretary Andrew Cuomo, the agency became particularly aggressive, in 2000 making a goal of over $1 trillion in new loans to low-income minority households,” the article said. Fannie Mae and Freddie Mac were told to make at least half of their loans to low- and moderate-income borrowers, mainly minorities.

Banks suddenly found that regulators had the power to refuse their branch expansions or reject a merger if they weren’t making enough loans to otherwise unqualified minority borrowers. So they played along.

They made the loans, and Freddie and Fannie bought the loans right back. It was like a game of musical chairs, and the Fed kept the game going in the early 2000s by cutting interest rates. Every time Republicans in Congress or President Bush talked about reforming housing programs, Democrats like Rep. Barney Frank of Massachusetts and Sen. Chris Dodd of Connecticut threw fits, threatening to gum up Congress and implying that GOP lawmakers were racists. The Republicans backed off.

And the connection is made.

Tax cuts had nothing to do with this whatsoever. Nor did the minor tinkering to the 1930s-era Glass-Steagall law in 1999, which was implicated in none of the major Wall Street insolvencies or subsequent bailouts during the crisis,” the article said.

It’s another die-hard Democratic myth,” IBD stated, “intended to absolve themselves of blame for the crisis. And the economy-killing Dodd-Frank financial regulations passed in 2010 were based on these Democratic myths — which is why we’re now having the worst economic expansion in modern history.

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Credit: Wikipedia, CFPB, HubPages.

MH Connections

Among the overlooked causes for the big slide of manufactured housing from the 372,000+ shipments hit in 1998 to the low ebb of the mid-to-late 2000s was loose lending standards of conventional housing lenders.  Buyers that once would have turned to manufactured homes for their housing, instead used so called “no doc” “liar loans” that boosted conventional housing at the expense of manufactured and modular home production.

manufacturedhousingindustryannualshipmenttrends-patrick-posteddailybusinessnews-mhpronews

The initial nose-dive of manufactured housing that came after 1998 was due to a large volume of repossessions from poorly underwritten loans.  But the next bite out of the industry’s proverbial apple was equally poor – and far costlier to the U.S. economy and millions of conventional housing owners – loans made on houses that were too risky, and failed. Graphic image credit, Patrick.

As Daily Business News readers are aware, we have followed Dodd-Frank, the Consumer Finance Protection Bureau (CFPB) and its effect on the MH industry closely, including both being in the Trump Administration crosshairs, the CFPB being ruled unconstitutional, and who the Feds and the CFPB are working for on a practical level.

paulbradleycredtimhpronewsstanthonycasehighlightsbattleovercommunityownersrightsvsresidentsrights-dailybusinessnewsThe issue brings a common divide.  Paul Bradley stated his concerns about bringing Dodd-Frank to an end in a new article, linked here, concerned that ending those standards could mean a return to “predatory lending.”

Manufactured homes ready for shipment-credit=wikipedia-postedDailyBusinessNewsMHProNews

Manufactured homes ready for shipment. Image credit – Wikipedia.

On the other side are those – such as award-winning retailer, Alan Amy – who told Inside MH that he believes that CFPB regulations are costing around 30% to 35% more sales of manufactured homes a year. If Amy is correct, that would mean some 25,000 (+/-) new manufactured homes a year. So this issue is front and center for manufactured housing professionals.

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Award winning manufactured home retailer Alan Amy estimated in the video linked above that Dodd-Frank is costing the MH industry – and prospective home buyers – 30% + more sales every year. Credits – Inside MH – MHLivingNews – Sunshine Homes and ManufacturedHomes.com.

We will continue to follow developments regarding Dodd-Frank and the CFPB closely as they unfold. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.