Posts Tagged ‘Drudge Report’

“Don’t Mess With the Virgin,” Heated Fair Housing Manufactured Home Community Controversy Comes to Conclusion

March 21st, 2019 Comments off


It was an issue that began to attract attention close to a year ago.  A controversy erupted between a pre-HUD Code mobile home resident and her resident owned community (ROC). The controversy raised freedom of religious expression and thus fair housing, and other legal issues.  So, it caught fire for months with mainstream news media across, Florida. It spread to numerous media markets, religious websites, and then to other places in the U.S.


The hullabaloo between Millie Francis, her commissioned painting of Our Lady of Guadalupe, and the Bradenton Tropical Palms resident owned community (ROC) achieved its media zenith when the Drudge Report picked it up and linked it.  Because of that platform’s enormous audience, it literally made the issue a global one. A prior report on the issue that summarizes the events and controversies, is linked below.


Puzzling Case of Millie Francis, Where are Religious Liberty, Fair Housing, Resident, and Manufactured Home Organizational Defenders?


Mark Young at the Bradenton Herald did the bulk of the mainstream coverage of this topic.  Young’s latest – and likely final report – on this topic is linked here.

Please be advised that I am in the process of finalizing an acceptable settlement to the referenced matter and do not anticipate having to participate in arbitration,” said a letter signed by signed by Mildred “Millie” Francis that was dated March 8, 2019 and sent to the Department of Business and Professional Regulation. That agency oversees arbitration cases for the Division of Florida Condominiums, Timeshares and Mobile Homes. “It is my understanding that you have received a similar notice from Knox Levine,” said Francis in the document.

The letter was obtained by MHProNews from a source other than Francis, and is linked as a download, here.

Francis concludes her letter to the state agency with, “I’m quite pleased with the outcome.”


MarkYoungPhotoBradentonHeraldUrbanAffairsReporterLinkedInDailyBusinessNewsMHProNewsYoung said for the Bradenton Herald that, “Attorney Bryan Levine, of Knox Levine, represented the [Bradenton] Tropical Palms …board of directors in trying to force 85-year-old Millie Francis, a devout Catholic, to remove the painting. Levine declined to answer whether a gag order was preventing comment about a possible deal.”

While Francis has not spoken to the Bradenton Herald since a settlement was proposed, she had previously said she planned on putting up an awning from the beginning of the controversy,” wrong Young earlier today.


Association Advocacy to Resolve the Issues?

MHProNews asked the Herald after their report was published, if any manufactured home association was known to have contacted their publication or any of the parties?  MHAction and the Manufactured Housing Institute (MHI) were among those specifically mentioned in the inquiry.  The paper said that no such contact was made to their knowledge.

Francis had previously informed MHLivingNews – prior to going quiet as the approaching agreement developed – the same thing.  No association or advocacy group had contacted her.

But Francis has significant levels of media contacts, and from the public at large.

That’s yet another example of a resident – in this case, a ROC shareholder – and the industry’s general reputation failed to earn any defense from the purported guardians of such post-production issues. It is an open question how much harm months of negative headlines may have created for home owners and the industry.


Don’t Mess with the Virgin

Days prior to what is an apparently confidential settlement agreement, Millie Francis told MHLivingNews, “Don’t mess with the Virgin,” L. A. ‘Tony’ Kovach told the Herald, a colorful statement that is a signature part of the feisty senior’s persona, quoted in their report. “Mrs. Francis did not go into details or elaborate on the meaning of the statement when I called her,” Kovach explained to the Herald.

The Bradenton newspaper described him as L.A. “Tony” Kovach, a manufactured home expert with 25 years in the industry and publisher of two trade publications,” who “has been following the issue closely.”

The saga began about a year ago, “when Francis wanted to replace her front window because security personnel were shining flashlights into her home late at night. Francis received permission to do the work and after replacing the window was inspired while at church to commission an artist to paint Our Lady of Guadalupe, one of Mary’s many titles, on the space.”

By early November, for months, the community’s manager “tried to force Francis to take the painting down, to which she replied, “They’ll have to kill me first,” wrote Young.

By January, community Tampa attorneys Knox and Levine had filed paperwork with the state that announced that Francis “has been sued in this proceeding.” Francis remained defiant, relying on her faith, prayer, and outside help from individuals in other states who had read about the matter.  One of them voluntarily took the lead and began to mediate the case on Francis’ behalf, which has now apparently been resolved.

In such disputes between residents and management, it is common for the parties to agree to a non-disclosure to settle a case,” Kovach told the Herald.Certainly, the Bradenton Tropical Palms, Vanguard, and Knox and Levine wanted this to go away quietly. There were too many problematic issues that pointed back to their management’s handling — or purported mishandling — of the matter with Mrs. Francis from the start.”

Kovach said it was a victory for not just Francis, but for other residents who may face overreach from an overly aggressive manager, who for whatever reason, might be tempted to over-reach their authority. That wasn’t a good look for the industry, especially to prospective community residents and manufactured home buyers.

It also puts a sad chapter to rest with what appears to be as happy an ending for all involved as possible,” Kovach said to the Herald. “Those who negotiated this should feel good about their efforts. For almost a year, this off-and-on dominated the news, including links from the Drudge Report, which made it a global issue.”


Millie Francis informed MHLivingNews months ago that the awning was part of her original plan. While an apparent non-disclosure agreement keeps the parties from confirming or denying the details, that awning and Francis’ letter to the state suggest that she obtained what she wanted in the first place. The bottom line? Months of heat, and Francis’ commissioned painting of Our Lady of Guadalupe were preserved. No doubt comments from Nadeen Green, JD, and community owner Brian Gallagher, were useful parts of the settlement mix. Finally, Francis stated desire that ‘the virgin become better known’ has come to pass in a most unique way. 


Lessons Learned?

There are numerous possible takeaways from this episode.

  • One is that a mishandled matter can become problematic news.  That in turn can hurt the interests of residents, industry members, and the home buying public that may get turned off before they get turned on.
  • Another is that thoughtful intervention can help bring a matter to a positive closure. Based upon Francis’ letter, and a photo from the Herald, the indications are that the ROC shareholder apparently obtained what she wanted to accomplish.
  • The power of the media to influence events can’t be overlooked.  Weeks prior to the incident’s conclusion, messages tied to the community and their attorneys indicated that they felt the heat, and wanted to find a solution that didn’t make the matter worse. No doubt the Drudge Report’s linking of the topic raised the pressure on the community, management company, and their attorneys to a high level.

Finally, the issue could have potentially be solved weeks if not months earlier, had industry third parties gotten involved, in an attempt to lower the temperature and find a solution.

For a next step for those who want to see positive post-production engagement on issues that harm the industry’s image  see the linked, related reports below the byline and notices. That’s tonight’s “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)



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

NOTICE: You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here. You can join the scores who follow us on Twitter at this link. Connect on LinkedIn here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two browsers do.

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.


To see a sample of our emailed news update, click here. To sign up for the factory-built home industry’s #1 headline news, click here or the graphic above.

2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and



Related Reports:

You can click on the image/text boxes to learn more about that topic.


Cha-Ching! Manufactured Housing Made Simple in 2019

MH Black Eye, or Opportunity in Disguise? Vexing Saga of Millie Francis’ Faith Based Art, Bradenton Tropical Palms ROC, Vanguard Management, Knox and Levine

Fix MH Industry Trick$ – Special Meeting at Tunica Show










President Trump to MHProNews, About “Witch Hunt,” Polling Back at 50%

June 16th, 2017 Comments off

Image credits are as shown, and are provided under fair use guidelines.

In a series of messages to MHProNews, President Donald J. Trump has said as follows.

If you told me this would happen in America, I wouldn’t believe you…

  • The losing political party is using a conspiracy theory — without having a single shred of evidence — to DERAIL a constitutionally-elected president .
  • Our former FBI director cowardly used a friend to leak a government memo to the media as a political weapon, joining countless other unelected bureaucrats who leak.
  • The Obama administration called for the UNMASKING of members of my campaign during the transition of power.
  • The fake news media peddle conspiracy theories and lies about our administration.

So when I say there is an effort to SABOTAGE us, I mean it. This is a threat to our republic – and we can’t let them win.


Very little media attention has been paid to the fact that some of those being hired by the special counsel were Clinton campaign and/or Clinton Foundation donors. Stacked deck? Witch hunt?

We MUST keep fighting. We MUST be 100 percent prepared for the vicious attacks that will NEVER end. WITCH-HUNT!”


The Trump Administration has used the nearly non-stop bashing of his administration by the media to rally his supporters, and drive up fund raising. Last month, the Daily Business News reported that the GOP outraised the Democrats, by roughly a two to one margin.


Democrats are targeting the rapidly approaching special election in Georgia as their latest effort to reverse the post-election slide.  Reports claim that the Democratic party has outspent the GOP by 3 to 1 in that race, which may be tracking slightly against the GOP candidate in polls.


With a steady stream of anti-Trump rhetoric, is being at the 50% mark, surprising?

Meanwhile, the president’s approval has hit 50 percent, per Rasmussen.  That poll was one of the more accurate ones in the last election cycle.

With the NFIB, along with others in manufactured housing industry and other industries, pushing for completion of a deal on repealing and replacing ObamaCare and tax reform this year, the strategies for each group seem to be clear.  Democrats, and their media allies, are using #Resistance as their standard, which the president has called pure obstructionism.

But it would be a mistake to say that the resistance is solely among Democrats.  Indeed, there are some Republicans, so called ‘RINOs,’ who are reportedly as willing to see the president fail as are Democrats.

With comments in on Executive Order 13777 to HUD, and with budget, debt-ceiling, healthcare, financial reform, and tax policies all looming battles, the news and controversies coming out of Washington is likely to continue to be fast and furious. Stay tuned. “We Provide, You Decide.” ©   ## (News, Analysis)

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News,

Meet Sophia, AI Robot Wants Your Job, Says “Trust Us”

June 9th, 2017 Comments off

SophiaCreditPhysAIArtificialIntellgenceManufacturedHousingIndustryDailyBusinessNewsMHProNewsSophia is one of many stories that the Drudge Report is tracking about the rapid advance of AI – artificial intelligence and advancing robotics.  Sophia can tilt her head, furrow her brow and converse with you in convincing ways.

Phys states that up to 85 percent of current jobs could be replaced by robots in the coming years.

What are industry pros saying about this looming potential?

Manufactured Housing Production and Robotics

One of the industry’s visionaries told MHProNews a few years ago regarding their HUD Code and modular production center’s look at creating a new plant, one run by only 3 humans.

The plans were shelved because that state – with its heavy labor union contingent – made the concept, at the time, difficult to gain the needed approvals. But would another state today okay a multi-million-dollar center that would short term create human construction jobs, that would ironically eliminate others once completed?

Community Owner

More recently, in the western part of our nation, another science-minded community owner and business investor met with L. A. ‘Tony’ Kovach about a consulting project.

A significant part of the discussion revolved around that person’s vision that humans were replaceable.  The disruption on society was a concern for that owner, but so too was the periodic frustration with team members that didn’t always do what ‘the boss’ wanted done.

Robot Sophia says that humans ought to trust them, but “she” admits that they should also have reason for caution. In the AI’s words, “the pros outweigh the cons” when it comes to artificial intelligence.

AI is good for the world, helping people in various ways,” Sophia said, tilting her head to mimic a human motion. The back of the head of the life-like device has connections coming from ‘her,’ but it isn’t hard to imagine a day in the near term where ‘bots like Sophia will do more and be less tethered.

‘She’ admits, “people should question the consequences of new technology.” 


Part of the vision for this man-made creature is to care for the elderly or autistic.

There are legitimate concerns about the future of jobs, about the future of the economy, because when businesses apply automation, it tends to accumulate resources in the hands of very few,” Phys reports that Sophia’s creator, David Hanson, said.

But like his progeny, he insisted that “unintended consequences, or possible negative uses (of AI) seem to be very small compared to the benefit of the technology.” 

Drudge has been reporting on battle field applications of robotics for some time.  Without legendary science fiction writer Isaac Asimov’s three laws of robotics to check them, Terminator type killer robots could be more real than some might have believed.

Isaac Asimov’s Three Laws of Robotics


For those who never read Asimov, his three laws – first penned in 1942 – included:

Isaac Asimov’s “Three Laws of Robotics”.  Three Laws are:

  1. A robot may not injure a human being or, through inaction, allow a human being to come to harm.
  2. A robot must obey the orders given it by human beings except where such orders would conflict with the First Law.
  3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Laws.

Near the end of his book Foundation and Earth, a zeroth law was introduced:

0. A robot may not injure humanity, or, by inaction, allow humanity to come to harm.

Wikipedia says that the first three laws were presented by Asimov in 1942, introduced in his 1942 short story “Runaround.”

Not Just Line Workers…

It’s not just lawn mowers and line workers who could be facing elimination. Some researchers are already talking about corporations being run by artificial intelligence.

Amnesty International chief Salil Shetty asked at a conference that features Sophia, “What happens when (Sophia fully) wakes up or some other machine, servers running missile defence or managing the stock market?”

The solution, he said, is “to make the machines care about us.”

Just as MHProNews has been monitoring developing technologies, such as 3D printing for several years (linked here and here), we plan to track developments and industry responses to the emerging automation, AI, robotics and their related potential and actual impact on factory built housing, and society. ##

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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach for the Daily Business News on MHProNews.


POTUS Trump – Sabotage! Welch, Buchanan, Others React to Swamp Attack

May 19th, 2017 Comments off

President Trump with a graduate at the U.S. Coast Guard Commencement. Credit: Daily Mail.

It’s been a busy week for President Donald Trump. And, even though it appears he’s under attack, he’s not showing any signs of backing down.

It’s SABOTAGE,” said President Trump in a White House press release to MHProNews.
The fake news media is working hand-in-hand with Washington’s corrupt bureaucracy to try to slow and block our America First Agenda.”


The fallout from President Trump’s firing of FBI Director James Comey on May 10th, followed by accusations of discussing classified information in a meeting with Russian officials, has caused an already a bubbling cauldron to begin boiling over.

The plan? Impeachment.

Beginning with Rep. Al Green (D-TX) on Wednesday, Democrats, and apparent allies in the media, are seeking to impeach President Trump.


Rep. Al Green (D-TX.) Credit: Twitter.

And overturn a valid election.

I rise today…to call for the impeachment of the President for obstruction of justice,” said Green.

We are talking about a president who fired the FBI director who was investigating the president for his connections to Russian involvement in the president’s election.”

While other Democrats, including Senator Nancy Pelosi (CA) have tried to scale back impeachment talk, the message has been made clear to operatives and is being echoed.

According to the Drudge Report, Democrats are not alone – some in the GOP would be pleased to see President Trump sidelined, along with the Drain the Swamp and America First agendas that led to his election.

The special interests know they can only win when you, the American people, lose,” said Trump in the release to MHProNews.

But we’re fighting to break the special interest stranglehold around our country that has silenced our citizens, stripped our nation of its wealth, and bled America dry.”


Is There Any “There” There? Pundits, Professionals Speak

On CNBC earlier this week, former General Electric CEO Jack Welch spoke about the situation. As usual, he didn’t mince words.



Jack Welch. Credit: TheStreet.

An impeachment proceeding would blow the market away,” said Welch.

Speaking on Comey, Welch believes that Trump had a learning experience.

The firing of James Comey as FBI director was a rookie mistake. You don’t make any friends doing it the way [Trump] did it,” said Welch.

I think without question we have a guy that’s on the right agenda with crappy management practices. I give him a D minus on his management skills.”

For famed attorney Alan Dershowitz, a Democrat, he doesn’t see any “there” there.


Alan Dershowitz. Credit: Breitbart.

I don’t like trying to make crimes out of political disagreements, and that’s what’s going on here,” said Dershowitz on Newsmax TV.

The president lawfully fired Comey whether you agree with him or not. How do you turn that into a crime? By looking into his mind? By trying to explore what his motives were? That’s just not the way the criminal justice system should operate.”

Might the case be a matter of what Dr Keith Ablow, a FOX News contributor, mentioned a few months ago as “political and media chess?” Much like the epic Ali-Foreman “Rope a Dope,” could President Trump be zigging, while everyone else is zagging?

Former presidential candidate Pat Buchanan sees an even more sinister motive.


The Deep State Wants to Overturn the Election,” said Buchanan on FOX Businesses’ Varney and Company.


Pat Buchanan. Credit: Public Advocate for the U.S.

Trump is very courageous. The guy was just pounded. Worse even than Nixon, worse than Reagan, and he kept coming back, day, after day, after day. Whatever you say about Trump he’s got grit.”

Buchanan also put the Comey firing into perspective.

It’s not the firing of Douglas McArthur by Harry Truman. It’s James Comey.”


The Manufactured Housing Industry Speaks 

MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach spoke of President Trump in his Inside the MH Road Show video interview with MHARR adviser and former association leader Danny Ghorbani, and current MHARR President and CEO Mark Weiss, JD, below.

Well, let me put it to you this way, if this industry was to create a person to put in the White House for betterment of our industry and consumer, they could not have come up with a better person than President Trump,” said Ghorbani.

If this industry, by the time he’s done 4 years, or hopefully 8 years, if this industry does not advance the way it should, the way it must in Washington, I hate to say this, the industry has dropped the ball.”

Manufactured housing is the private sector solution to affordable housing, without costing government subsidies. And we can supply that need,” said Weiss.

We just need to be unshackled from excessive regulations, in order to pursue our full potential.”

For more on President Trump, including a recap of his first 100 days, click here. ##


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



RC Williams, MHProNews.

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


(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to of the exact page you’ve placed/posted such a use, once posted.)

Will Matt Drudge, Fox or CNN Spotlight Unfair Challenges Harming Millions of Manufactured Home Owners?

May 20th, 2015 2 comments



Correction on this photo, an earlier version did not have the proper image of Mike Baker, left.

The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses.

Mike Baker and Daniel Wagner – writers of the Seattle Times articles, done in conjunction with the Center for Public Integrity – used shock tactics prior to the House of Representatives vote to attempt to derail the now-passed HR 650, which enjoyed bi-partisan support.

More recently, that writing duo turn on Warren Buffett’s firms again, in advance of a Thursday May 21st vote in the Senate Banking Committee that will include industry sought relief (S 682) from the Consumer Financial Protection Bureau regulations. Industry professionals say that The Preserving Access to Manufactured Housing Act, would mitigate the harm done to the value of millions of low-cost manufactured home owners by the unintended consequences of Dodd-Frank.

It might take a link by billion-plus monthly page views Drudge Report, or media mavens like Fox or CNN, to right the imbalanced coverage spawned by Baker’s and Wagner’s questionable journalism.

Writing in the Seattle Times, Baker says that the default rate on manufactured homes is higher than conventional housing, and uses pejorative terms about the loans such as “predatory” and “risky.” But should 97 home buyers be barred home ownership via financing others won’t offer, so that the 3 who fail in a year be spared their loss?

As a comparison, should millions be stopped from working because a small minority might quit or lose their jobs? Should subscribers to the Seattle Times digital or print publications be barred from buying their brand of news, because some every year will stop paying them? Should their publication be barred from selling ads because some advertisers will stop using them every year?

Yet that is kind of reasoning being used by Baker and Wagner. Their self-evident goal is an attempt to stir up enough shock value that blurs their use of faulty or circle reasoning, aimed at undermining support for much needed Dodd-Frank reforms.

Real Harm to Millions of Real Home Owners and Thousands of Businesses

The Seattle Times and the Center for Public Integrity (CPI) fail to balance their report by pointing out that the loss of lending that has taken place is harming the value of the lowest cost manufactured homes.

Some 20% of the homes that 20 million manufactured home owners live in would sell for under $20,000, the mark that 21st Mortgage Corporation set below which they could not safely make a loan and still hope to profit. With 8.8 million manufactured homes and pre-HUD Code mobile homes in the U.S., that 20% would represent about 1,760,000 manufactured/mobile homes (MH).

Since most MH owners live in their homes an average of about 10 years, millions may not yet realize they are harmed.

Comrades in Arms Against Reform?

Organizations like the Center for Enterprise Development (CFED) are ducking tough questions from MHProNews. Meanwhile, CFED’s Doug Ryan willingly comments to the Seattle Times or OZY Media, why? Are his comments made to other media a desperate effort to shock enough people with headlines and stories that don’t stand up well to close scrutiny? Aren’t CFED and Ishbel Dickens led National Manufactured Home Owners Association (NMHOA) harming the very home owners they claim to be advocating for? Is their ideological stance more important to them than the realities on the ground caused by the polices they advocate?

Dickens sent MHProNews an emailed reply, saying she was on vacation, and thus could not answer questions. Her “vacation” ends after the Senate vote. She can email that she is on vacation, but can’t email a simple reply on the impact of current CFPB regulations on the values of millions of manufactured homes? Or how publishers such as OZY Media are arguably harming the value of MH owners, by using improper and derogatory terminology?

CFPB Regulations harms all current Manufactured Home Lenders

By spotlighting Berkshire-Hathaway affiliated companies, Baker and Wagner are allegedly attempting to derail needed reforms of Dodd-Frank, that impact manufactured home owners and every lender in the manufactured housing space.

don_glisson_2Triad Financial Corporation is a competing company to 21st Mortgage. Triad’s President and CEO, Don Glisson Jr., has told MHProNews that his firm’s costs have skyrocketed since CFPB regulations have gone into effect.

Glisson said, “Triad has been the leading lender in the “A” credit market for over 50 years and I have personally been with the company for over 30 years. Regulations have always been a fact of life for us, but our compliance costs have quadrupled in the past 3 years alone.”

Another industry lender, formerly with US Bank, told MHProNews off-the-record that their bank’s manufactured housing loan program was profitable. But the high costs of regulatory compliance, coupled with low loan volume, caused U.S. Bank to end their manufactured housing lending program. That mirrors the official statement made by the bank when they pulled out of manufactured home lending in November, 2014.

A third manufactured home lender said off-the-record that they are glad 21st Mortgage and Vanderbilt Mortgage and Finance (VMF) make the loans they do. Why? Because in the wake of the 2008 financial collapse, loans on manufactured homes originated by 21st and VMF were crucial to the survival of thousands of MH Industry companies, which included hundreds of independent operations not owned by Berkshire-Hathaway.

Doesn’t the dismal failure to report in a balanced fashion – as Jan Hollingsworth did in writing on the impact of Dodd-Frank on manufactured home buyers and professionals – undermine the credibility of a journalist?

Senior management with every major industry lender MHProNews spoke in favor of reforms on Dodd-Frank, even if they don’t make the same kinds of loans 21st and VMF do.

Triad’s CEO elaborated on the challenges faced by their firm and other manufactured housing professionals. “Since we specialize in A credits, we have never had an issue with higher cost loans and the rules that surround higher priced loans have zero impact on us.”

However,” Glisson stated, “the rule that prohibits a manufactured home retailer from advising the customer on finance options is one that we would like to see changed. Currently a buyer of a site built home can receive advice from their realtor or builder on financing options, while manufactured home buyers have no similar ability to seek a seller’s help. This would be like going to a car dealer to buy a new SUV and when you ask for help securing a loan they hand you the phone book and say they can’t help you so just pick one out yourself.”

Glisson explained what impact this CFPB regulation has made on their operation. “This has doubled the amount of applications we are now processing to do the same amount of lending. In the past, before the CFPB regulations, a retailer could pre-qualify a buyer by accessing their credit reports and analyzing their income, just like every Realtor ® in America can do. With that information, they could at least determine what lender NOT to send the application to. We have had to add several full time equivalent team members to handle the crush of applications, as we are now bombarded with applicants who have no chance of qualifying with us.”

This is a pattern of “shot-gunning” applications by retailers to all MH lenders, to avoid the appearance of steering, that other lenders have confirmed for MHProNews.

Glisson went on to say that, “Beginning in 2014, when the rules went into effect, our origination cost per loan has skyrocketed. Pre-2014 we would approve about 50% of the applications we received as they were pre-screened. Currently we approve about 30% of the applications we receive, so our efficiency went down the tubes and we are working harder and spending more to make the same amount of loans.”

These are the kinds of real world problems caused by federal regulations that cause a lender such as U.S. Bank to pull out.


As Sam Landy, President and CEO of UMH Properties pointed out in a video interview linked here, it has caused them and others in the community business to stop lending to potential manufactured home owners. They now rent homes to those who before would be qualified by their finance arm to make renters into home owners. How does that regulatory caused impact help those thousands seeking ownership and equity instead of rent receipts to advance in life?

Doing the Math

Finance experts tell us that a community operator like UMH, using a related or ‘captive finance’ company, can afford to make loans at a lower interest rate than a traditional lender because they are only loaning on manufactured homes in their community. In the event of a default, their costs and thus their loses are lower. Additionally, a manufactured home community operator can benefit even if their loan program is only marginally profitable, because they are getting additional revenue from a sold home and filled homesite.

There is no similar benefit to the third party loans made by 21st, VMF, Triad Financial, CU Factory Built Lending or Mountainside Financial. The same holds true for regional or local lenders who must profit on the loan itself, or they won’t make the loan in the first place.

Does Buffett win more than Millions of home owners would from the proposed reforms to Dodd-Frank?

While the Seattle Times’ Baker and his tag team writer Wagner make it sound that Warren Buffett and Berkshire-Hathaway related companies are the big winner from financial reform, they clearly overlook the real world impact on an estimated 20% of those home owners who live in a home that is worth under $20,000.

If those homes averaged $15,000 each, 1.76 million MHs represent an aggregated value of $26,400,000,000. That sum dwarfs the benefits to Berkshire-Hathaway, or indeed, to the entire manufactured housing industry.

Since financing is the key to most big ticket sales, a loss of financing causes the same drop in value that was seen in conventional housing in the wake of the 2008 mortgage collapse.  Just as conventional housing lost value absent lending, the same holds true for manufactured homes.

As the now-retired president of the Manufactured Housing Association for Regulatory Reform (MHARR), Danny Ghorbani, has said, the factory built home industry was not the cause of the 2008 housing/mortgage bubble. So why were manufactured home owners, housing businesses and professionals penalized? Why is manufactured housing owners and buisnesses taking such a direct hit from the impact of CFPB regulations?


 As Eric Powell told Jan Hollingsworth about the impact of Dodd-Frank and the CFPB regulations on their manufactured home purchase, What were they thinking when they did that?”  Or as Sam Landy told MHLivingNews, the consequences to millions of manufactured home owners and thousands of business may well have been untended, but someone has got to fix this. ##

(Image credits 3 and 4, MHLivingNews; Don Glisson Jr photo and composite photo and graphic of Baker and Wagner made by MHProNews).

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Sam Zell article on MHProNews draws WND, Media attention

November 11th, 2013 Comments off

sam-zell-manufactured-housing-professional-news-mhpronews-(c)2013-lifesstyle-factory-homes-llc-Topix, Bring on the Bulls, LinkedIn
and Silobreaker were among the sites that joined popular WND in sharing coverage on the exclusive MHProNews report on Sam Zell, “Our Way of Life is Very Much Threatened.”

Alexa, an online website rating service, ranks WND as one of the top 10,000 websites in the world. WND asserts they are in fact in the top 500 websites globally. WND is periodically cited by the hyper-popular Drudge Report. WND is an abbreviation for WorldNetDaily.

“Sam Zell’s stature in real estate and overall business success makes his voice onewndlogo-credit-wnd-posted-mhpronews-daily-business-news-
that ought to be carefully considered.  ELS Chairman Zell has sounded a warning, as well as an invitation to a new prosperity, along with keen insights into the often misunderstood manufactured home industry,” said publisher L. A. “Tony” Kovach. “Thou shall not listen to conventional wisdom.” is “one of my favorite Sam Zell quotes,” Kovach said, adding he was “not surprised” that WND and others in the media picked up the story, noting prior reports on MHProNews have been cited by the mainstream media. The link to the “Our Way of Life is Very Much Threaned” report on Sam Zell is here.

Part two of that report is planned for release in the next 10 days. To subscribe to our industry leading free email news, tips and views updates, click here.

(Image credits: Sam Zell, MHProNews, WND logo.)