Posts Tagged ‘Elizabeth Warren’

It’s Your Money, Future – Snapshot of Leading 2020 Democratic Contenders for Oval Office

April 1st, 2019 Comments off



We’ve curated tonight’s report from 3 different sources that cover the left-right media divide. It will be laced – of course – with our own Daily Business News on MHProNews manufactured home industry focused analysis.


By way of disclosure, our plan for this campaign season is to do something different.  As we track and digest the candidates, we will focus more on three different ‘ones to watch’ for 2020.  Mindful that we are political independents, here’s the working plan for our coverage in the race for 2020.

  • One will be from the GOP, which at this stage seems to be President of the United States (POTUS) Donald J. Trump.
  • Another will be those Democrats – narrowing it down to one – who espouse policy positions that may, at some level, have a benefit for our part of the affordable housing industry.
  • Finally, we will look at independents and minor party candidates. At this point, our eyes are on Howard Schultz, who is carving a unique path for a Democrat floating the possibility of a third-party run for the White House.

Among Democrats, our early look was at Elizabeth Warren, due to one primary issue – her strongly stated antitrust stance. Frankly, some of her policy positions are otherwise harmful for our industry and the nation. Pete Buttigieg looks like he may be getting some fundraising O2 as well, and we will reach out at some point to his campaign if this trajectory continues. Coming from South Bend, Indiana – near the birthplace of manufactured housing – Buttigieg could in theory offer some pluses that other declared Democrats don’t.


What follows are pull-quotes from right-of-center Fox Business, that are complimented by videos from left of center Bloomberg and CBS News.  We’ll conclude this early campaign snapshot with some points for industry pros and investors to consider.

The latest polling, per Bloomberg, of top possible and accounted candidates are as follows.




Pete Buttigieg

South Bend, Indiana Mayor Pete Buttigieg said on Monday that his campaign raised more than $7 million in the first quarter of 2019.”  Buttigieg is reportedly an openly homosexual candidate. That’s a non-factor to MHProNews politically, but it may be a major party first that could benefit him with segments of the Democratic base.


Francis Beto” O’Rourke

Former congressman and 2020 presidential candidate Beto O’Rourke’s campaign raised a record-breaking amount in the first 24 hours after his candidacy was announced…O’Rourke received $6.1 million in online contributions, according to his campaign…” He reportedly also has cash on hand from his failed 2018 campaign for the U.S. Senate against Republican Ted Cruz.



Bernie Sanders

Independent Vermont Sen. Bernie Sanders raised more than $5.9 million in the first full day after he launched his campaign. In less than a week after the declaration of his candidacy, his team said he raised $10 million…” Sanders has perhaps the biggest organizational advantage, given his failed run for the Oval office in 2016 as a Democratic contender.

Kamala Harris

California Sen. Kamala Harris, who declared her candidacy earlier this year, raised $1.5 million in the 24 hours following her announcement. That included $1 million in the first 12 hours. The average donation was about $37, among 38,000 donors. Harris will not be accepting donations from PACs. Minnesota Sen. Amy Klobuchar raised more than $1 million within the first 48 hours after she launched her campaign, far less than the totals of some of her colleagues.”


Amy Klobuchar

Minnesota Sen. Amy Klobuchar raised more than $1 million within the first 48 hours after she launched her campaign, far less than the totals of some of her colleagues. Klobuchar will also not accept donations from PACs.”


Elizabeth Warren

Massachusetts Sen. Elizabeth Warren’s campaign did not publicly disclose how much it raised in the first 24 hours after she declared her candidacy, but according to filings with the Federal Election Commission (FEC), she raised more than $299,000 after announcing that she was forming an exploratory committee. According to Politico, that included more than 8,000 donations on the day that she announced the committee – with an average donation amount of about $37.”


The U.S. is Too Far Down the List Among Nation’s With the Highest Percentage of Home Ownership 

Once more, our focus will be what’s best for citizens, current mobile/manufactured home owners, and the nation.  The graphic below is an indictment of both major parties in the last few decades on this issue.  The American Dream includes home ownership, not merely affordable renting.



Manufactured housing is the most proven form of affordable housing. It offers consumer safeguards that far more expensive conventional housing does not offer.


For newcomers to the website not familiar with modern manufactured homes, learn more by clicking the image above or the link here.


The Industry Rundown at this Time?

Frankly, most of the Democratic field has tended too far left.  Many are pushing unrealistic plans, such as the Green New Deal, or “Medicare for All,” which some GOP types of nick-named, “Medicare for None” – because they believe it will rapidly bankrupt the nation.

Warren and Buttigieg will be interesting to watch, but both will need to do something to break out.  Will they pivot to a more business savvy position?  Time will tell.

Among Democrats, the one who is pushing more centrist concepts is Howard Schultz, as he tests the waters for a possible independent run for the White House.  He is uniquely talking more about the dollars and cents of various policies, more so than anyone on the Democratic side.

In 2016, we formally endorsed Donald J. Trump, and overall his blend of typically Democratic and GOP policies that created what in some ways is a unique blend that could well propel him to reelection in 2020. Again, as a disclosure for new readers, this writer had an article published here on MHProNews spotlighted on the Trump 2016 campaign website.

Team Trump clearly valued our trade media’s support.  No one else in MHVille trade media even came close to trying, much less being nationally recognized.



While the Manufactured Housing Institute (MHI) paid for two pro-Clinton speakers in the closing days before the 2016 election, the Kovach family supported Donald J. Trump’s candidacy as the best for the industry, small business, and hundreds of millions of Americans. One of those stories ended up on the president’s campaign website, and hundreds of conservative, centrist, and pro-Trump websites.


That said, as noted above, we will plan to narrow our picks down to 3 in 2020 as we being to approach the conventions.

  • The GOP contender we believe has the best policies for the nation and our industry,
  • A Democrat, with the same criteria, who will offer the best MH and national policies,
  • And an independent/minor party candidate with the same criteria.

Once the nominees are known, we’ll make a final recommendation to our readers at that time.  Will it stay POTUS Trump?  Will it be a third party or Democrat this time around?  You’ll know shortly after we decide who looks best – and why – for policy, track record, and other reasons.

Among the issues that we think matter most to the industry? Or to manufactured home owners?  To investors?

  • Business friendly policies that will grow the economy. The rising tide should float the most boats, especially with the second bullet below taken into account.
  • Strong anti-trust policies, noting what the top candidates have or plan to do with respect to the FAANGs, Berkshire Hathaway, and Microsoft (#DeFaangBM, #OpenMarkets). For reasons MHProNews and MHLivingNews has outlined before, we believe that it is better for the economy and the industry if the FaangBM companies are broken up under antitrust laws.
  • Candidates who will enforce good existing laws. Much of what manufactured housing needs are already federal law.  Be it the Duty to Serve (DTS), Enhanced Preemption under the Manufactured Housing Improvement Act of 2000, antitrust, or RICO laws, etc. – they should be enforced.

We’ll track the more likely presidential candidates, and later to a lesser extent, some House and Senate races too.

That’s how we plan to help you protect your money and interests, as we provide “News through the lens of manufactured homes, and factory-built housing,” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)



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Related Reports:

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Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

Celebrities, Millionaires, Billionaires and Their Appealing Manufactured Homes


Mobile Home Burns, Woman Dies, Details At Ten – Back Story of Mobile Home Fires, Regulatory Facts

Debunking the Trailer Trash Stigma for Affordable, Modern Manufactured Housing for Residents, Home Shoppers

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


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


FEAR, a Solution to the Affordable Housing Crisis, and the Manufactured Home Dilemma


Elvis Presley’s Personal Mobile Home Restored, Honeymoon Hideaway Up for Auction


Realtor University ® “The Market for Manufactured Homes,” Research by Scholastica Cororaton, Certified Business Economist, Highlights









Will Current Political Currents Lead to a Top 70 Percent U.S. Tax Rate in 2021?

January 22nd, 2019 Comments off


Facts are what they are and should not be over or under stated.  For example, House Speaker Nancy Pelosi (CA-D) is a formidable political figure, a potent fund raise, and the most powerful elected female office holder in the U.S. today.


All those points about Speaker Pelosi are realities.




But it is equally true that Alexandria Ocasio Cortez – @AOC – has more Twitter followers than Speaker Pelosi.




Senate Minority Leader Chuck Schumer (NY-D)’s Twitter following is shown below. Clearly, he holds the most powerful chair on the Democratic side in the U.S. Senate.




But then consider Senator Bernie Senator (VT-I but caucuses with Democrats), who dwarfs the three above.  One reading of this is that the further left a candidate or politico seems to be, the more Twitter followers that they appear to have.




Or look at the Twitter followers for Senator Elizabeth Warren (MA-D), who has an exploratory committee launched for the Democratic nomination for president in 2020. She has roughly an equal number of Twitter followers as Speaker Pelosi or Minority leader Schumer have.





What’s Up With That Headline?

This left-of-center MSNBC video does a decent job of running through some of AOC’s outline, and explains some of the reasons why it might not work out the way she claims.



What the video above doesn’t mention is that hundreds of billions of dollars have flowed into the U.S. since the tax cuts were passed in late 2017, and went into effect in 2018.


Those repatriated dollars brought money into the U.S. Treasury, and has provided huge pools of money that are being invested in various ways across the 50 states.




But facts don’t matter for millions who may not understand the ways that proposals like AOC’s could cost the nation.



The election cycle never stops in the U.S., certainly not at the federal level.  No sooner than one election is completed, and the results are sorted out, the next election cycle is underway.  Democrats could have 20 to 50 candidates that raise their banner for their party’s nominee for the presidency.



What the Twitter followers data suggests is where the energy” is with significant portions of the “base” of the Democratic party. The experience of Venezuela is moot to those who don’t follow the facts.



One of the best defenses against having the economic shock that significantly higher tax rates would bring is education of those in your circle of influence.

Arguably no one in MHVille is providing more meat and potato intellectual meals for the reality checks needed to make more voters think.  That’s this evening’s look at the trends that are causing concerns among some investors, which in turn have caused more uncertainty in the markets.  It’s not the only thing, but it is a thing. “We Provide, You Decide.” © ## (News, analysis, and commentary.)



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Related Reports:

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“Death by Government,” Fascism, Communism, Socialism, ‘Big Brother,’ per Williams, Rummel and Owens

Nathan Smith, From Mobile Home Resident to SSK Communities Owner and President Barack Obama Connection








Facebook, Marketing & News – Manufactured Housing Pros, Sarah Miller, ‘Citizens Against Monopoly’ Sound the Alarm

June 19th, 2018 Comments off


We got word that [Tuesday], Facebook Inc. is inviting Capitol Hill staffers to Washington DC’s “newest, most exclusive event venue” for free food and drinks. Events like this enable Facebook to peddle influence in the halls of power, and keep lawmakers from cracking down on its abuse of our democracy.”

So begins a statement by Sarah Miller, of Citizens Against Monopoly to the manufactured housing (MH) industry’s Daily Business News received at 8:15 PM last night. CAM is a subset of the Open Markets Institute, which promotes prosperity and liberty, including through their antitrust efforts.

MH industry marketing professionals are among the sources who have raised concerns over the enormous – and still growing – power that Facebook and Google have in marketing manufactured housing.

Voices across the left-right divide have increasingly been concerned too, because they exert so much sway over politicians.

But among those-laser focused on the issue is a group called Citizens Against Monopoly (CAM).

So we would like to extend the RSVP to you, the Citizens Against Monopoly community,” stated their message, about the latest Facebook lobbying move.

Some details about the Facebook event follow.


“A Place to Connect, D.C.”, bringing together “the D.C. community and Facebook” for “conversation and product demos”


The Showroom, 1099 14th St NW, Washington, D.C.

When: 1:30 pm – 7:30 pm, June 19



CAM on Facebook’s Lobbying

In the first quarter of 2018, Facebook spent $3.3 million lobbying the U.S. government, more than ever before,” CAM’s Miller told MHProNews.That’s a key part of how it builds power and evades accountability, and events like this one are part of the process.”

At “A Place to Connect,” Facebook’s #3 executive and top lobbyists will be schmoozing the people who are supposed to represent us, and trying to bamboozle Congress into believing that the company’s reforms are for real,” Miller said.

For instance, a former corporate lawyer who is now Facebook’s deputy chief privacy officer will try to argue that Facebook is stepping it up on privacy — all actual evidence to the contrary,” she asserts.

Industry readers may have seen Facebook’s ads on cable TV and elsewhere. Facebook is pitching their reforms to the public, ever since the Cambridge Analytica scandal broke.

But critics say that Facebook has failed to seriously address the fact that they played a significant role in former President Barack Obama’s 2012 re-election effort, as did Google. Given their enormous power in online search, Facebook and Google are among those forces that can help make or break a candidate.

Other presenters will be discussing Facebook’s role in the opioid crisis and its approach to election integrity, vital topics that are in the national interest. Facebook is billing the event as a “conversation” — if that’s the case, the people affected by Facebook’s bad behavior should be in the room to ask the tough questions,” Miller said to MHProNews.

With so much at stake in the debate over Facebook and the future of internet privacy, your voice deserves to be heard. So if you’re able, show up and ensure that the public is represented,” CAM stated.


Facts About Facebook, Google’s Growing Power

A December 2017 report by Statista said, “In fact, two companies, you may know them by the names of Google and Facebook, are so dominant in the online world that they account for more than 60 percent of global online ad revenues.”

Many mainstream news operations are alarmed at how much ad money – and thus political power – Facebook and Google have accumulated.  Warren Buffett is among those who have said that many media outlets will fail as a result.


The trend lines are similar to the trend lines in manufactured housing consolidation, see that chart, further below.

Among the concerns are the fact that Facebook’s Mark Zuckerberg himself said in congressional testimony that there is a strong bias against conservatives, and for leftist, so-called “progressive” political causes.

New York Stern university’s Scott Galloway has been cited previously as a pro-tech voice, that believes that the Big Four must be broken up.

The RSVP is for the Facebook D.C. event is linked below.


While most industry pros are unlikely to be able to attend on such short notice, Citizens Against Monopoly provide the following link to ask the Federal Trade Commission (FTC) to break up Facebook.

Sign the Freedom From Facebook petition: Tell the Federal Trade Commission to break up Facebook’s monopoly.


Industry Trade Media and Monopoly Reporting

Regular, longtime readers know that MHProNews has cited similar concerns over the monopolistic influence over the industry exerted by Warren Buffett’s Berkshire Hathaway. To see how others in the mainstream media have raised similar concerns about Berkshire Hathaway’s increasingly monopolistic domination of manufactured housing, see the related reports links below.

Among the manufactured home industry’s trade media, or those in MH who blog, etc., MHProNews has stood largely alone in raising concerns about monopoly power in the industry.

To their credit, the Manufactured Housing Association for Regulatory Reform (MHARR) in their reports has raised alarms over Berkshire Hathaway brands like Clayton Homes, 21st Mortgage and Vanderbilt.

But MH industry bloggers and publishers are happily taking ad money from the Manufactured Housing Institute (MHI), and are largely silent on the disturbing trends. Many in MHVille believe that MHI is dominated by Berkshire Hathaway and their related interests.

One industry blogger that does periodic MH news admitted that “1,000” manufactured home industry professionals are talking about the influence of monopoly in MH, but that only MHProNews is focused on the subject. That MH blogger succumbed months ago to running more pro-MHI news too.

Given the trend lines of industry consolidation, it is a subject that no industry professional or investor can reasonably ignore.

When Republican Senator Ted Cruz (TX) and Democratic Senator Elizabeth Warren (MA) are both speaking up about the corrosive influence of these monopolies, isn’t it time for more industry pros to sit up and take notice? These linked related reports can be read later, for more details.

Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

Along with Apple and Microsoft, operations that are racing towards a trillion dollars in market cap which may be obtained next year, and how that can “suck the oxygen” out of the room for capital and competitors, as Galloway has said.


In the recently decided anti-trust case, some argued for AT&T that their survival is dependent on growth.

When a giant like AT&T, or Walmart are concerned about the rise of FANG or Amazon, and industry pros fret over the power of Berkshire Hathaway in MHVille, isn’t it a common-sense concern that federal regulators and advocates ought to address?


Graphic by MHProNews, using information provided by each corporation, or named entities. 

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Related Reports:

Clayton Homes, Top 25 Manufactured Housing Industry Report, Trend Lines

Wall Street Journal – Tech Giants are Monopolistic Threat to Businesses, U.S. Economy

“Audit the Algorithm!” – Mark Zuckerberg, Facebook and Google Monopoly – Manufactured Housing Marketers Notice

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?


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Manufactured Housing Institute (MHI) Asks Industry Members to Ask Senators to Support S 2155, Behind the Scenes Details

March 6th, 2018 Comments off


In a ‘housing alert’ email to association members, the Manufactured Housing Institute (MHI) urged the industry’s professionals to contact their senators and ask them to vote “Yes” on S. 2155.


Passage of this language will ensure that manufactured housing retailers and sellers are not subject to compliance requirements clearly designed to apply only to the actual entity making the mortgage loan,” read part of the association’s message.

GovTrack tells the Daily Business News that the odds of passage, as of this morning, stands at 42 percent.

That’s better than what Skopos Labs believes the odds are for passage of Preserving Access to Manufactured Housing Act, which as of this morning were just 26 percent.


Like Getting Half of Preserving Access…

S 2155 has much more to it than MH Industry issues.


Lesli Gooch. Credit: MHI.

That said, the language that is Mortgage Loan Originator (MLO) rule related is akin to half of what Preserving Access bill purportedly hopes to accomplish.  Namely, the repeal of the MLO rule from CFPB regulations.  That is mildly similar to what MHI SVP Lesli Gooch has said is their strategy to move the bill ahead by whatever is moving on Capitol Hill.



Left and Right…

Doug Ryan at Prosperity Now (formerly CFED) opposes the bill, saying to the IndyStar that “This [provision for manufactured housing in the bill] will hamper new lenders from getting in.”

Some moderate Democrats, such as Indiana Senator Joe Donnelly, are likely to vote for the S 2155 bill.  Meanwhile Senators like Elizabeth Warren (D-MA) and Sherrod Brown (D-OH) are opposed to it.

Progressive media, such as The Young Turks (TYT) scorched S 2155 backers, MHI, and Warren Buffett.

For example, “One of the bill’s chief architects, Sen. Heidi Heitkamp (D-N.D.), and her husband have nearly $1 million invested in two of the bill’s biggest winners, J.P. Morgan Chase and Berkshire Hathaway, according to a 2016 financial disclosure document reviewed by TYT Investigates.

Heitkamp and her spouse collectively own between $100,001 and $250,000 of corporate securities stock in J.P. Morgan, as well as an additional up to $45,000 in a J.P. Morgan fund. Heitkamp alone owns between $215,000 and $550,000 worth of Berkshire Hathaway stock, and including joint investments, she and her husband have up to $600,000 invested in the company. Together, the Heitkamps could have up to $895,000 invested in the two firms.

For the senator, whose net worth was roughly $4.5 million in 2015, according to an estimate by the Center for Responsive Politics, these J.P. Morgan and Berkshire Hathaway investments potentially account for a substantial portion of her assets.”



Positives in the S 2155 Bill, PLUS Behind the Scenes Analysis

For those who favor free markets and more moderated regulations, the bill on the surface is just fine.

The bill would indeed be good news for thousands working in manufactured housing, if it is passed into law, because it makes communications for front-line sales people with prospective buyers.  In those ways, MHProNews and MHLivingNews demonstrably favored passage of Preserving Access, of which this bill has one of its two provisions.

But is that the key issue?

As MHProNews has previously reported, sources say there is a kind of hypocrisy in the Arlington, VA based association’s manufactured housing advocacy, as the linked and below reveal.  Plus both sides are playing politics on this issue, playing to their respective audiences.

MHI – and the powers that be behind them – are demonstrably being hypocritical, as sources inside and outside of MHI have told MHProNews – as recently as today – because MHI could have made a deal like this without Congress, by agreement with the non-profits in a deal with the CFPB’s then Director, Richard Cordray.

See the email below as one of several possible pieces of evidence.



Furthermore, MHI knew in 2012 that they were not going to be able to get past President Obama’s threatened veto of Preserving Access, even if the Senate had voted for it (the House has passed it repeatedly, but the Senate never has).

See former MHI VP Jason Boehlert’s statement, and full report, linked below. These can be called ‘allegations.’  But doesn’t the clear evidence support those claims?  And why won’t MHI defend or explain any of this, when they are often given the opportunity?

2012 Election Results and Coming Lame Duck Session

Sources say that “consumer groups” are now opposing the option they had previously offered, in part as a possible negotiating point.

Depending on which source and their claim(s) you listen to, MHI and their overlords are:

  • Inept, since they could have made this deal years ago, and saved millions of dollars in lobbying and costs,
  • Arrogant, for not making a deal, that MHI insiders tell MHProNews was on the table,
  • Playing a shell game, because a few big companies benefit from NOT passing any bill, and they would benefit if the bill passes too. For a select few, either one is ‘win-win.’
  • Deceptive to the small to mid-sized businesses that are the most harmed by this, which has per sources led to more companies that have sold out for less than their true value in a normal business climate, or were forced out of business entirely.
  • Harming many consumers, who really do need honest guidance.

What’s particularly interesting is that Nathan Smith, MHI’s prior chairman, admitted on camera that the association had a history of missed opportunities.  Has that history changed since he made that statement?

Per sources to the Daily Business News about this MHI plan, you can therefore call these maneuvers posturing, a con, hypocrisy, stupidity, arrogance, or any of the other claims and allegations noted herein or in the linked reports.

Whatever you or those sources believe, the end result for thousands of independents is the same.

Independents have been, and are being harmed, when MHI could have made this same deal years ago.

Who will hold MHI and their string-pullers accountable?


And just days ago, MHProNews confirmed with sources at the CFPB that no known meeting has taken place, nor had been scheduled there.  Why not, if they were serious about making these reforms to Dodd-Frank happen?


Inside Scoop Mulvaney-CFPB and MHI, Berkshire Hathaway Company Meeting Detail$


  • No wonder some states have quit MHI,

State Associations, Companies Quit Membership in Manufactured Housing Institute, (MHI), One Explains in Writing, ‘Why?’

  • Even retired Ross Kinzler – who said in an email to the Daily Business News that he’s doing work for MHEI, an arm of MHI – won’t defend MHI’s legislative agenda,


‘Over Target’ Reactions, WHA Exec (ret) Ross Kinzler, Won’t Defend MHI Policies & Points to Prior MHI Failure


And businesses have reportedly quit MHI too; blogger and NCC co-founder George Allen says he is among them.


On paper, the S 2155 bill is worth supporting for many in the industry.  But who will hold MHI and the forces that control them to account for years of harm already done to the industry and untold thousands of more potential home owners every year?


Part of a memo from 21st Mortgage to their retailers, click the below report for details on this sad chapter in the industry’s history, that arguably led to hundreds of independent businesses, out of business.

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


Its Easy Being a Cheer Leader, Not as Much Fun to Tell Bad News…

…but how can independents plan and execute, if ‘their’ national association has hidden agendas?

MHProNews gets a volume of calls and messages about such reports – cheers to jeers. We’ve made our mea culpa for being misled ourselves, but once an error is discovered, the best option left is to correct it and then avoid it next time.

But for the sake of independent businesses, someone has to be willing to stand up and speak truth to the industry’s powers, as that truth is known and reported by reliable sources, including those who are or were in MHI.


If we’re mistaken, please – MHI, show us where and how?

Oh, that’s right, your own paid MHI staff leaders won’t publicly defend the official agenda either, will you?





We thank the various industry sources that make these and other such behind-the-scenes reports possible. “We Provide, You Decide.” ## (News, announcements, analysis, commentary.)

Finance Related:

Besides Preserving Access, there are the maneuvers that have taken place for years on the important Duty to Serve (DTS) issue.  Thankfully, the Washington, D.C. based trade group – as opposed to Arlington based MHI – has their eyes on the problematic issues emerging behind the curtain on that topic.

Plot Twist – Duty to Serve – Freddie Mac CEO Layton Called to Accountability w/Congressional, Administration Leaders Over New Manufactured Home Lending Revelations

Progressive “Nation” Reports on Monopolies Cites Buffett, Clayton, Others – MH Industry Impact?

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“Game on, MotherF—kers,” Kid Rock’s Non-Profit, Explores Senate Run w/MH Video

July 28th, 2017 2 comments

GameOnMotherF---kersKidRockSenateBidDailyBusinessNewsMHProNewsAre you scared?” – asks, Kid Rock, near the end of his “Greatest Show On Earth” video.

It’s one of the two that the country-rock former rap star has released since floating that he will run for the U.S. Senate in his home state of Michigan.  The star’s second home is a camo multi-sectional manufactured home, see that recent report and video, linked here.

If Kid Rock runs for the U.S. Senate, “he’ll win,” said Tom Shillue, on Fox Business’ Mornings with Maria.  

Democrat celebrities “don’t have the pulse of the people,” says Shillue, “but Kid Rock?  I’m mean, He’s America.”

Kid Rock, like President Donald J. Trump, has the advantage of celebrity – opined Shillue.

The currency is celebrity. You need money to get into politics…The celebrities cut out the middle man.”

Notice: Videos With Salty, Salty Language & Images

Kid Rock, who’s real name is Robert James Richie, put up the website after he found out his name was being thrown around for the 2018 run for Senate. What he modestly says he didn’t expect was the support received.


Image credits are as shown.

He’d be running against Democratic Senator, Debbie Stabenow.


I was beyond overwhelmed with the response I received from community leaders, D.C. pundits, and blue-collar folks that are just simply tired of the extreme left and right bulls**t,” the singer said.

While some doubt the run is real, others say it’s in-your-face obvious, the same as Kid Rock himself is.


Either way, for now he’s only officially planning to create a non-profit organization that would encourage people to register to vote.

The one thing I’ve seen over and over is that although people are unhappy with the government, too few are even registered to vote or do anything about it. We have over a year left until an actual election, so my first order of business is to get people engaged and registered to vote while continuing to put out my ideas on ways to help working class people in Michigan and America all while still calling out these jackass lawyers who call themselves politicians.”


During this time while exploring my candidacy for U.S. Senate, I am creating a 501©(4)— a nonprofit organization for the promotion of voter registration. Not only can I raise money for this critical cause, but I can help get people registered to vote at my shows,” Kid Rock said in an announcement.

Former New York Governor George Pataki called Kid Rock “exactly the kind of candidate the GOP needs right now.”


Kid Rock backed Romney in 2012. YouTube Video Still.

Senator Elizabeth Warren was also quoted in an interview as stating, “Well, maybe this is all a joke — but we all thought Donald Trump was joking when he rode down the escalator at Trump Tower and announced his campaign, too. And sure, maybe this is just a marketing gimmick for a new album or tour — but we all thought Donald Trump was just promoting his reality TV show, too.”

Rock pushed back on Warren’s comments, which may also be a sign of what’s to come for Democrats.


See that report, linked here.

The Daily Business News recently featured Kid Rock’s manufactured homes-image laced other music video, see that report, linked here.

We will be scheduling a press conference in the next 6 weeks or so to address this issue amongst others, and if I decide to throw my hat in the ring for US Senate, believe me…it’s game on motherf—kers.” — Kid Rock # #

(Programing note: Readers should keep an eye out for a the upcoming MHLivingNews story that features Kid Rock and his camo-manufactured home in Nashville, TN.)

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

JuliaGranowiczManufacturedHomeLivingNewsMHProNews-com Submitted by Julia Granowicz for Daily Business News on MHProNews.

Dem Senators Scramble to Save CFPB’s Cordray

January 18th, 2017 Comments off

Still from an Inside MH video, reflecting how Richard Cordray himself said that there was never much high cost lending in the manufactured housing industry market.

Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB) is getting some help from Senate Democrats to save his job.

As the Daily Business News reported recently, Republican Senators Mike Lee (UT) and Bob Sasse (NE) sent a letter to Vice President-elect Mike Pence and President-elect Donald Trump, urging them to remove Cordray.

It’s time to fire King Richard,” said Sasse, who also serves as a member of the Senate Banking Committee.


A tweet from Senator Bob Sasse.

Underneath the CFPB’s Orwellian acronym is an attack on the American idea that the people who write our laws are accountable to the American people. President-elect Trump has the authority to remove Mr. Cordray and that’s exactly what the American people deserve.

According to The Hill, Senate Democrats are asking Trump to do the opposite.

Senate Minority Leader Charles Schumer (N.Y.) and Senators Sherrod Brown (OH) and Elizabeth Warren (Mass.) defended CFPB Director Richard Cordray’s record, saying he should be allowed to finish his term as the bureau’s chief through July 2018.

They say removing Cordray would be an “extreme and unprecedented step.


Senators Chuck Schumner (right) and Harry Reid. Credit: Politico.

Do not tell Richard Cordray he’s fired,” said Schumer.

Firing Cordray might be part of the billionaire agenda, but removing him and gutting the consumer bureau would shatter Trump’s promise,” said Brown, who is the ranking Democrat on the Senate Banking Committee.

Schumer, Brown and Warren also said they would help lead a national campaign to defend Cordray should Trump decide to fire him.

The CFPB was established as part of the Dodd-Frank Act as an independent agency. This technically means that President-elect Trump could only fire Cordray “for cause,” a rare step meant for serious abuses of power.

A U.S. Court of Appeals recently ruled the CFPB’s structure is unconstitutional.


Credit: Wikipedia, CFPB, HubPages.


Under Rich Cordray, the CFPB is doing its job on behalf of the American people,” said Warren.

President-elect Trump is considering former House Representative Randy Neugebauer (R-Texas) to lead the agency as its sole director.


Randy Neugebauer. Credit: Wikipedia.

Per The Hill, Neugebauer was one of several House Financial Services Committee members who opposed the CFPB’s power and structure.

Schumer believes that Neugebauer is a less than ideal choice.

It’s like putting the biggest arsonist that we know of in the firehouse,” said Schumer.

Neugebauer is responsible for a 2015 bill that would install a bipartisan commission to lead the CFPB instead of a sole director.

Republicans believe a bipartisan commission would rein in the agency and prevent it from stifling the economy with overbearing enforcement actions, while Democrats say the push for a commission would make the agency effectively powerless.

We know if there’s a commission, it simply won’t work,” said Brown. “The whole idea of the commission is to emasculate this agency and take away its power.

Senator Lee disagrees.


Senator Mike Lee. Credit: AP.

The Constitution was written to protect the American people from unelected and unaccountable bureaucrats, said Lee. “Considering the damage CFPB has done to credit unions and community banks, President Trump should act quickly to remove the director.“ ##


(Editor’s Note: MHLivingNews has closely followed Director Cordray’s testimony, see the video linked here – his interesting statements on manufactured home loans.)


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

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

Former HUD Secretaries Endorse Ben Carson for Post

January 16th, 2017 Comments off

Dr. Ben Carson at his confirmation hearing. Credit: Fox News.

With confirmation hearings underway for Dr. Ben Carson as Department of Housing and Urban Development (HUD) Secretary, the voice of opposition is speaking loud and clear.

Although you have many accomplishments in the medical field, there is relatively little in the public record that reveals how you would further HUD’s mission to ‘create strong, sustainable, inclusive communities and quality affordable homes for all,” said Senator Elizabeth Warren in an open letter to Carson on January 10th.


Elizabeth Warren. Credit: Orlando Sentinel.

But some of those who have held the post in the past disagree.

Per Newsmax, a bipartisan endorsement came in a letter to Sen. Mike Crapo, (R-Idaho,) chairman of the Committee on Banking, House and Urban affairs, signed by former HUD secretaries Henry Cisneros, Mel Martinez, Alphonso Jackson and Steven Preston.

We write today, from both sides of the political aisle, in support of Dr. Ben Carson’s nomination as Secretary for Housing and Urban Development, a position we have all held,” the letter said.


President-elect Donald Trump, left. Dr. Ben Carson, center. Henry Cisneros, right. Image credit, Fox Business.

As secretary, we know that Dr. Carson will learn about what works, develop new innovations, measure outcomes, and achieve real results to improve communities throughout America. We urge the Committee to support Dr. Carson’s confirmation.

In response to the endorsement, Carson released a statement.


Dr. Ben Carson. Credit: UPI.

I am immensely grateful for the support of Secretaries Cisneros, Martinez, Jackson and Preston, and it is a great honor to be mentioned with such accomplished public servants,” said Carson.

If confirmed, I look forward to listening to the concerns of the American people in order to develop new solutions to age-old problems, especially increasing opportunity, and making America’s neighborhoods stronger.

A View From MHARR


Credit: MHARR, Wikipedia.

The Manufactured Housing Association for Regulatory Reform (MHARR) was in attendance at Carson’s confirmation hearing on January 12th.

While manufactured housing was not specifically addressed during the hearing, which tended to focus more on philosophy and approach, rather than specific programs, Dr. Carson did acknowledge the burgeoning need for affordable housing, stressing his interest in ‘public-private partnerships’ and greater private-sector involvement and participation in HUD programs and activities, to more effectively address those needs, as well as a results-oriented approach to HUD’s mission,” MHARR said in a statement.

Perhaps most importantly, from the overall tenor of Dr. Carson’s testimony, it is evident that he plans to undertake a ‘fresh start’ at HUD, with a new perspective and leadership style that is likely to be a significant departure from recent senior-level management at the Department.   

MHARR will continue to closely monitor the Senate confirmation process for Dr. Carson and will follow-up in accordance with the discussion and decisions of the Board.

The Daily Business News will continue to follow the confirmation hearings and provide relevant updates. For additional coverage of the nomination of Dr. Ben Carson, click here.

The full endorsement letter is linked here. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

Report: What’s the Most Partisan Federal Agency?

November 28th, 2016 Comments off

Credits: CFPB, Wikipedia, Free Icons Download.

The Consumer Financial Protection Bureau (CFPB) has been deep in the crosshairs of various groups, including industry associations, members of Congress and most recently the incoming Donald J. Trump Administration.

With recent findings, the scrutiny continues to gain legs.

According to campaign finance data obtained by the Washington Free Beacon, employees at the CFPB, which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, contributed nearly $50,000 during the 2016 campaign, with all of that money going to Hillary Clinton or Senator Bernie Sanders (I., VT).

Agency employees made more than 300 donations during the campaign. Not one went to a Republican candidate.


Sean Duffy. Credit: InsideGov.

CFPB employees fell over each other to give money to Hillary because she supported CFPB’s desire to remain in the shadows and unaccountable to the American people,” Representative Sean Duffy (R., Wis.), a frequent critic of the agency.

No one is shocked that Washington bureaucrats would donate to the candidate who promised to maintain and expand onerous Dodd-Frank regulations that crush our community banks and local credit unions.


Elizabeth Warren. Credit: AP.

Republicans have tried to reduce the scope of the bureau’s broad regulatory power since Senator Elizabeth Warren (D., Mass.), oversaw its creation.

In addition to the CFPB, the Peace Corps and the National Transportation Safety Board (NTSB) also saw all political contributions go to the Democratic Party or allied groups, though one of those agencies’ donations came from just one employee.

Peace Corps is a nonpolitical federal agency,” said a Peace Corps spokesperson. “Like all federal employees, Peace Corps employees must adhere to restrictions on political engagement established by the Hatch Act, which does not prohibit political contributions made on personal time.

The agency does not track the private contributions of its employees or Presidentially appointed-Senate confirmed board members,” said a spokesperson for the NTSB. “The NTSB follows the provisions of the Hatch Act which is enforced by the U.S. Office of the Special Counsel.


As Daily Business News readers are aware, we have followed the recent developments around the CFPB closely, including testimony from former Wells Fargo CEO John Stumpf in a hearing on Capitol Hill and a Washington D.C. Circuit Court ruling that the agency was unconstitutional. 

MHProNews has underscored the revisionist history some are seeking to apply to the causes of the 2008 financial meltdown, that lead to the passage of Dodd-Frank; spotlighted in the video below.

Dodd_Frank___bloombergbusinessweek___credit postedDailyBusinessNewsMHProNews

Credit: Bloomberg.

The impacts from the Dodd-Frank act and the CFPB are wide ranging for the manufactured housing industry, including the question of whether or not Dodd-Frank has created a renter’s nation and the call for media to revisit Dodd-Frank reporting in light of congressional testimony from CFPB Director Richard Cordray. ##



(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

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

Wells Fargo and the CFPB – Who are Feds Working for – Consumers? Business? Itself?

September 21st, 2016 Comments off

senatorelizabethwarrend-ma-thenation-manufacturedhousingindustrydailybusinessnews-mhpronewsI accept fully responsibility for all unethical sales practices,” Wells Fargo Chairman and CEO John Stumpf said in a prepared statement on Capitol Hill yesterday, testifying before the Senate Banking Committee.

As millions have heard, 5,300 workers were fired and the company agreed to pay $185 million in fines to the Los Angeles City Attorney, the Comptroller of the Currency and the Consumer Financial Protection Bureau (CFBP).

Stumpf’s statement did not help him avoid intense criticism from senators, including Elizabeth Warren (D-MA), who blistered him, calling on the embattled CEO to resign.  As Dodd-Frank is a presidential campaign theme, Warren saying Stumpf should be criminally investigated may be viewed as having political overtones to it.

Have you returned one nickel of the money that you earned while this scandal was going on?” asked Ms. Warren, one of the driving forces that helped create the CFPB.

Have you have fired any senior management, the people who actually oversaw this fraud?” Ms. Warren continued.

No,” Mr. Stumpf replied.


 “Your definition of accountability is to push this on your low-level employees. This is gutless leadership,” she said.

While one understands that Wells Fargo team members have done wrong, what is less clear is the role that the CFPB is playing, and why.

The Bigger Picture – Dodd-Frank, CFPB and the MH Connections, revisited

Created in 2011 as a part of the Dodd-Frank law, the agency has operated under a cloak of ongoing controversy, including:

  • accusations of lack of inclusion,
  • internal discrimination,
  • illegal hiring,
  • wasteful spending,
  • bullying of businesses and
  • inefficient regulations

There is also the matter of a so-called “drafting error” in the Dodd-Frank law that prevented supervisory examinations of most businesses – other than large banks – before the agency had its first director.  

Many of the functions of the CFPB already existed in other agencies. With hundreds of community banks put out of business due to the high cost of the new regulatory burdens, opponents of the law argue that it has helped large banks, rather than helped avoid “too big to fail,” which was part of the stated goal for the bill and agency.

As readers of the Daily Business News  and MHLivingNews know, each has covered issues around Dodd-Frank and the CFPB in great and ongoing detail.

Against that backdrop, Ronald Rubin’s recent Weekly Standard column poses an important question.

If the CFPB could only examine or audit large banks prior to 2012, why didn’t the CFPB detect the hundreds of thousands of accounts opened at Wells Fargo without customer authorization between 2011 and now? What were examiners doing?

Rubin says, “The Consumer Financial Protection Bureau wasn’t the hero; they were asleep at the wheel.”

This question points to a challenge with many government agencies, which is the ability to discover, address and stop illegal behavior in a timely manner. It gets to the heart of the inefficiency sometimes found in huge federal bureaucracies, as the VA scandals have exemplified.

With Secretary Hillary Clinton, Elizabeth Warren and others in their party proclaiming the wonders of Dodd-Frank, and GOP nominee Donald Trump promoting a repeal and replace theme, the issue looms large for manufactured housing professionals, and the nation.

The Buffett Connection

Warren Buffett’s Berkshire-Hathaway owns a sizable stake in Wells Fargo.  Berkshire Hathaway (BH) is the parent company to Clayton Homes, Vanderbilt Mortgage, 21st Mortgage and a host of other suppliers, service providers and producers in the manufactured and modular housing industry, and is one of the stocks tracked in our daily market report.

TriStar Estates mhc

An example of a manufactured home community, this one, an hour’s drive from Chicago, IL. TriStar Estates, photo credit, MHProNews.

Wells Fargo makes fee simple loans on manufactured homes, as well as does commercial lending that includes manufactured home land-lease communities.

Beyond the Wells/BH connection, this is a significant issue for the manufactured housing industry on many other levels.  Regulations in general – and Dodd-Frank specifically – has created burdens for homeowners, prospective buyers and businesses alike.

Rubin points out that while others came across the Wells Fargo problems first, the CFPB media blitz reduced the other agencies – and the media – that participated in uncovering the issue, to becoming what looked like bystanders.

That may be the CFPB’s and its supporters’ goal.  Federal agencies, especially one that Republicans have targeted for replacement, will naturally seek to justify their own existence.

So the Wells Fargo story may mask a deeper issue on the effectiveness, good-or-harm that Dodd-Frank and the CFPB have actually accomplished.

If manufactured housing veteran Alan Amy is correct, the CFPB’s implementation of Dodd-Frank regulations has cost the industry about 30 percent more sales.  That represents well over a billion dollars in negative impact. How much is the CFPB’s impact spread across the reset of the U.S. economy?  ##

(Image credits are as shown above.)


RC WIlliams, for Daily Business News, MHProNews.

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

NAR Forecasts Strong Existing Home Sales in 2016, Calls for more Starter Homes

May 13th, 2016 Comments off

Home_for_sale_wktv_jan_26_2016Despite continuing inventory, affordability and student loan hindrances to homeownership, the National Association of Realtors (NAR) predicts 2016 will be the strongest year for existing home sales since 2006. Lawrence Yun, the NAR’s chief economist, speaking at the association’s Legislative Meeting,predicts pre-owned home sales will hit 5.4 million this year, and home prices will rise an average of 4.5 percent.

Sen. Elizabeth Warren (D-MA) emphasized the need for student loan reform saying it can “breathe new life into housing markets.” She referenced the seven out of ten college graduates who take out student loans and then have to pay it back for years at high interest rates.

As constructiondive tells MHProNews, Yun said sluggish housing starts are slowing the overall market and that builders need to increase the inventory of starter homes. Leaving out the starter homes results in new home prices rising faster than existing sales.

Noting the restrictions imposed by Dodd-Frank on banks of all sizes, Yun said, Much of the lending for single-family housing starts historically has been among the community bank and the smaller-sized banks,” he said. “Smaller banks are hindered by this massive new regulation. Now they are frozen, and they are not making those loans.” ##

(Photo credit: wktv–home for sale)

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