Posts Tagged ‘Document’

News Tip, Document – Is Clayton Homes Engaged in False Down Payments? Deceptive Trade Practices?

February 11th, 2019 Comments off



Prior to publishing this article, MHProNews asked officials at Clayton Homes for comment on this topic.  The Daily Business News on MHProNews waited several days before publishing this report, giving the industry giant plenty of time to respond.


They have to date exercised their right to remain silent.

Now that this document – provided as a news tip – is being published below, MHProNews once more invites Clayton, Vanderbilt Mortgage, other industry lenders, or the Manufactured Housing Institute (MHI) the opportunity to respond, refute, confirm, or clarify the concerns noted below.

There are several possibilities,” said an informed source to MHProNews with ties to the ‘powers that be.’ “For example, Clayton could claim that they are not taking the $1,000 off the actual down payment, but rather off the total price of the home.”

But if so,” per that same source “that raised other questions and possible issues.  For example, does that make this $1,000 credit a deceptive trade practice?  Could they [Clayton] be raising the price, only to lower it? If it is a down payment, are outside lenders or federally backed lenders aware of this Clayton Homes trade practice?”

The certificate from “CMH” bears Kevin Clayton’s signature.




The document shows several Clayton retail brands on the bottom of the certificate.



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MHProNews will update readers on this, and other developing reports.  To provide a news tip to MHProNews use the link above or to the bottom left, below. See related reports, further below. “We Provide, You Decide.” ## (News, analysis, and commentary.)



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Conquest Capitalism – Thoughts of Chairman Warren Buffett – Billionaires Campaign to Control Trillion Dollar Affordable Housing Market

Warren Buffett’s Moat, Understanding Manufactured Housing Requires Grasping Strategic Economic Moats

Bridging Gap$, Affordable Housing Solution Yields Higher Pay, More Wealth, But Corrupt, Rigged Billionaire’s Moat is Barrier

Former Manufactured Housing Institute President, Manufactured Home Owners, Urban Institute, and You







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

December 21st, 2017 Comments off


Executive Summary:

  • Choke off enough lending options,
  • drive out enough manufactured home retailers,
  • and you’ll witness a increasing number of  producers of HUD Code manufactured housing fail,
  • and/or those independent retailers and producers will be forced into a ‘consolidation’ with larger companies.

As “Smoking Gun? Part 1” outlined, companies as large as Champion and Fleetwood previously were (they were #1 and #2 for years), both ended up filing bankruptcy in the wake of this credit contraction.


If MHI had the solutions that they claim, would the industry have seen the kind of slides witnessed since 1998?

If the prior MH Industry giants went broke, is it any surprise when other more modest manufactured home production companies failed or had to sell out to others too?

Questions, Questions…

  • Was it mere chance?
  • Was it dumb luck that favored 21st, Clayton Homes, Vanderbilt Mortgage, and Berkshire Hathaway?
  • Was it part of a longer-term plan?
  • Or was Warren Buffett Berkshire Hathaway taking advantage of a tragic opportunity to squeeze smaller companies?
  • Isn’t this second 21st document, signed by Tim Williams, another clear case of 21st favoring Berkshire Hathaway?  Didn’t it do so in manner that led to what Maxine Waters and others across the political spectrum to call them a “near monopoly,” per her prior statements?  See one linked further below.




For those who’ve not read “Smoking Gun?” Part 1, it will be useful to read that related document, also signed by Tim Williams, as it provides a more in-depth report on this highly-impactful industry controversy.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

The Atlantic/IBIS World

Also, those who may not recall – or need a refresher – on the 2010 Atlantic’s article, which was based in part upon IBISWorld research, they asserted that independent manufactured home retailers were among the most dying American industries. Note that nuance projection proved to be correct: independent retailers failed by the hundreds.




Or as former Clayton manger, Ken Corbin put it, there was a “10,000 retailer drop.”

Ken Corbin “the 10,000 Drop,” points to Industry Woe, Causes of Manufactured Housing’s 10 & 20 Year Collapse?

Have Clayton and their sister operations magically turned one disaster after another into an opportunity in disguise to pressure and consolidate other operations evermore?

Field Reports – Clayton to Continue Push for Industry Dominance

  • A Harvard University researcher MHI cited projected that manufactured homes was going to be poised to supersede conventional housing. Eric Belsky wasn’t and isn’t alone, as the example below documents.  Why doesn’t MHI refer to this document any more?

At the time Belsky made this then MHI cited prediction, manufactured homes were selling some 250,000 new units per year. This year, we as a ‘recovering’ industry will reach about 1/3 of that total. What happened?

Bloomberg, HousingWire, Realtor and Fox all suggest Manufactured Homes as Important Solution for Affordable Housing in America

  • NAR and other researchers have documented a need for 8 million affordable housing units,

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

  • How can the Berkshire Hathaway dominated Manufactured Housing Institute say they’ve done a good job of protecting and promoting the industry? Why did they make obvious mistakes, that sources say benefited Berkshire Hathaway’s consolidation efforts?

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

  • Aren’t they at least de-facto agents for those consolidating of the MH Industry that MHI is claiming to protect?

“Accurate, but Misleading” MHI Preserving Access to Manufactured Housing Act Alert – ‘Weaponized New$,’ Fact Check$

Newspaper Names Clayton Homes, Clinton Foundation, Hillary Clinton In “Swamp After Storm” Post-Disaster “Corruption”

See linked reports for more details.

“Accurate, but Misleading” MHI Preserving Access to Manufactured Housing Act Alert – ‘Weaponized New$,’ Fact Check$

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

MHI, Clayton, 21st, VMF – Ready to Go On the Record Again? 

We’ve used the exact words of the players involved to show the alleged patterns.   Is there any need to do more than look at the facts, and draw reasonable conclusions?

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

We are hereby once more inviting MHI and/or the Berkshire Hathaway manufactured housing units to respond, preferably via a live discussion via video which the entire industry can see.  As regular Daily Business News readers know, they have routinely declined comment for months.

Manufactured Housing Institute (MHI) SVP Rick Robinson Ducks Serious Industry Questions in Deadwood

But as regular readers also know, the ongoing spotlight has force MHI into a number of pivots from their prior public positions.

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

MHProNews would also welcome their written response to the concerns and documents these articles have raised.  Otherwise, there is the old English maxim, “Silence indicates consent.”

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