Posts Tagged ‘financial independence’

Tribal Member Qualifies for Mortgage on Modular Home

May 14th, 2015 Comments off

modular  apache mescalero native americans  ruidosonews  creditMHProNews has learned from rapidcityjournal in South Dakota of a Pine Ridge service geared to bringing financial independence to members of the Oglala Sioux Tribe. Mazaska Owecaso Otipi Financial, which translates from Lakota to “Lending Money for Housing,” was founded in 2004 and just qualified its first client, Dawn Holquin, for a traditional mortgage.

The modular home she purchased was actually set on the foundation two years ago, but the single-mother of two boys had to reverse a bad credit history, make sacrifices, practice restraint and to learn the financial culture of mortgages, she took a home-buyer education class.

Once prospective Mazaska clients complete the credit coaching and financial home-buying classes, they are eligible for short-term loans to finance a new home or rehab an existing home. Mazaska Executive Director Colleen Steele says the housing shortage on Pine Ridge has forced many tribal members to seek housing off the reservation.

Mazaska suggests tribal members work with the Bureau of Indian Affairs and the tribal housing authority to obtain 25 year residential leases on their property since that is the key to qualifying for a traditional mortgage.

Steele: Since Mazaska’s start, we have been building momentum by creating partnerships with other lenders to make affordable homeownership a reality for our people. The road has been long and even hard at times, but finding long-term, low-cost loan capital for mortgage lending and the partnerships that this will create makes the struggle worth it.

Holquin, an employee of Indian Health Services, now sitting in her modular home, says, “It is a really wonderful feeling to know that it’s actually my home. It feels good to see all that hard work pay off for something. ##

(Photo credit: rudiosonews–Apache Mescalero Native American modular home)

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

Rep. Hensarling Notes Bipartisan Support for American Dream, Fighting Terrorism

March 26th, 2015 Comments off

jeb_hensarling__financialservice_house_gov__credit__rep_texasIn his opening statement to the full House Financial Services Committee considering 11 bipartisan bills “designed to promote a healthier economy, preserve consumer choice and help our fellow Americans achieve the American dream of financial independence, Committee Chairman Jeb Hensarling (R-TX) acknowledged they all passed the House and/or the Committee, nine with no opposition whatsoever.

Noting that more than one community financial institution closes each day somewhere in the U. S., the dreams of a family seeking credit also dies due to unnecessary governmental regulations. MHProNews understands Rep. Hensarling invites bipartisan regulatory relief legislation for community financial institutions to markup and send to the House floor.

As to the bipartisan Task Force to Investigate Terrorism Financing, he says, Republicans and Democrats alike on this committee are committed to making sure that our nation is doing everything possible to stop terrorists from using the global financial system to finance their acts of evil. Rep. Hensarling acknowledges that members from both sides of the aisle are working together to prevent terrorists from obtaining funds to carry out their attacks. ##

(Photo credit: Financial Services–Rep. Jeb Hensarling)

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

RV/MH Hall of Fame Elects new Chairman

August 20th, 2012 Comments off

RVBusiness tells MHProNews Barry Cole, president of Manufactured Housing Insurance Services, has been elected chairman of the RV/MH Hall of Fame Board for a two year term, replacing Bill Garpow. Blue Ox president Jay Hesse was elected vice chairman. New board members include B.J. Thompson, B.J. Thompson Associates; Ron Younkin, Greenlawn Companies; Sherman Goldenberg, RVBusiness magazine; Raymond Pagett, Keystone/NTP Distribution; and Joe Stegmayer, CEO Cavco Industries. In accepting the position Cole said, “I am honored and humbled by this opportunity and will dedicate myself to keeping the Hall moving forward in its quest for financial independence and enhance the features and facilities at the Hall and Event Center.” Twelve other board members whose terms have not expired remain in their positions, plus outgoing chairman Garpow.

(Photo credit: RV/MH Hall of Fame and Museum)