Posts Tagged ‘gse’

How Ben Carson Could End Public Housing at HUD

January 7th, 2017 Comments off

Credit: Americans for Limited Government.

In an op-ed by Robert Romano, Senior Editor at Americans for Limited Government, addressed three ways that incoming HUD Secretary Ben Carson could end public housing at the Department of Housing and Urban Development (HUD).

To set the stage for Romano’s column, recall that in selecting Carson for the role of HUD Secretary, President-elect Donald Trump said the following:

Ben Carson has a brilliant mind and is passionate about strengthening communities and families within those communities. We have talked at length about my urban renewal agenda and our message of economic revival, very much including our inner cities. Ben shares my optimism about the future of our country and is part of ensuring that this is a Presidency representing all Americans. He is a tough competitor and never gives up.


Ben Carson prepares to endorse Donald Trump. Credit: ZeroHedge.

Daily Business News readers should note too that public discussion among Democrat leaders is that eight of Trump’s picks for cabinet positions will be targeted during the confirmation process, but Carson is not on that list.

So, with the idea of urban renewal and overall economic revival, just what can Carson do to reform the current nation’s public housing? asked Romano in his op-ed in the Sun Prairie Star.

How about by eliminating it?

Romano cites that Carson could make privatizing mortgage giants, Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac, which were placed in conservatorship under the Federal Housing Finance Agency (FHFA) since 2008 after the financial crisis a top priority.


Robert Romano. Credit: RightNetDaily.

Carson in his capacity will sit on the Federal Housing Finance Oversight Board, which advises the FHFA,” said Romano.

One notable pick to the Trump transition team was American Enterprise Institute scholar Edward Pinto to the Federal Housing Finance Agency landing team. Pinto is a former chief credit officer at Fannie Mae. If anybody knows a thing or two about not only the GSEs, where he worked, but the financial crisis and how to prevent another one, it is Pinto. It was Pinto who penned the forensic audit of the GSEs in 2010 that outlined the primary causes of the financial crisis, including the concentration of $1.8 trillion of high risk mortgages at the GSEs.

Romano next points to public housing.

Carson might also set his sights on the 1.1 million households living in public housing units, and privatizing that, too. Carson, who grew up in inner city Detroit, would be well familiar with the challenges faced the nation’s inner cities,” said Romano.



Credit: National Mortgage News.

For ideas on improving conditions, Carson need look no further than Poland, Hungary, Slovakia and Romania in the late 1980s when the Soviet Union was falling apart, where public housing was rapidly privatized with great effect. The plan decentralized housing policy from national to local control, and critically, turned over ownership of state-run housing units directly to the people who lived in the units under extremely favorable terms.

A move in this direction, according to Romano, opens up additional opportunities.

As the units were privatized, turning title directly over to the tenants, it instantly created a private market for that housing. The owners could sell, but many of them chose to rent, and instantly had long-lasting incomes generated. It was a win-win. The same thing could be done in the federal and state government-owned housing units here in the U.S., creating a real stake by residents in urban renewal, and generating a new market for housing and refurbishing the existing stock. This will create economies where there were none, and opportunities to those who need it the most.

As a final point, Romano suggests that Carson look at some Obama era regulation.


Credit: Neon Tommy.

Carson might also want to take a look at rescinding an Obama era regulation, ‘Affirmatively Furthering Fair Housing’ (AFFH) currently conditions $3 billion of yearly community development block grants on 1,200 recipient cities and counties rezoning neighborhoods along income and racial guidelines. The rule directs municipalities “to examine relevant factors, such as zoning and other land-use practices that are likely contributors to fair housing concerns, and take appropriate actions in response” as a condition for receipt of the block grants,” said Romano.

This is massive overreach by the federal government, and basically puts bureaucrats in Washington, D.C. in charge of determining if neighborhoods are too racially divided or not. In the meantime, it ignores the reality that people choose where they live, by buying or renting, and based on where their employment opportunities.

In closing, Romano makes a very strong statement to the potential future for Carson.

If Carson did just those three things, he would be the most free market and successful Secretary of the Department of Housing and Urban Development in U.S. history, by getting the government out of the business of choosing winners and losers in housing finance, empowering individuals to have a greater stake in their communities and ending the federal government’s public housing failure once and for all.


For detailed coverage of the nomination of Dr. Ben Carson as HUD Secretary, including an open letter from MHProNews and MHLivingNews publisher L.A. “Tony” Kovach, click 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.

Sunday Morning Recap-Manufactured Housing Industry News March 20-March 27, 2016

March 27th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured

What Others Say about Sunshine Homes, Manufactured/Modular Homebuilder

Tragedy and Triumph – Widow shares her Celebration of Manufactured Home

What’s New in Manufactured Housing Industry Professional News

Tunica was tremendous, say attendees. Proposal would merge Fannie, Freddie. MHC to receive free wastewater system. Government impact on housing costs heard in Congress. Terrorism creates uncertainty. Ex-cons building modular homes. Sun acquires Carefree Communities, sets public offering to pay tab. Modular development in Fla. Keys. Zeman closes on three communities. MHC expansion approved in Minn. Trump support strong in MHCs. And much, much more in notions, news and views from factory-built housing around the globe.

Saturday, March 26, 2016

Proposal would Merge the GSEs, Ensuring Credit Access for Affordable Housing Initiatives

Friday, March 25

Thursday, March 24

Wednesday, March 23

HELP Act Designed to Expand Lending Opportunities in Rural Areas

Phenomenal,” “Best Show in Years” 2016 Tunica Show Flash Report

Zeman’s $9 Million Loan Acquires three MHCs in Michigan

Skyline, LPX Gain; MHCV Slips

MHC Owner wants Rent Hike in order to Sell Community

Sun Communities Raising Funds to Pay for Carefree Acquisition

For Profit Hires Ex-Cons to Build Modular Homes

Tuesday, March 22

Insider Trading at MH-related Firms

Sun Acquires Carefree Communities

Sun Communities Advances 3.95 Percent

Investment Writer Touts Financial Performance of MHCs

City Council Approves MHC Expansion in Minnesota

Monday, March 21

Feb. Existing Home Sales Drop, Falling -17.1% in Northeast

Deer Valley Stock Worth the Risk

After Rising 72.5%, Deer Valley Falls 11.59%

Trump Support Strong among Manufactured Home Residents

Frank Rolfe, Dick Moore’s Bob Crawford! MH Lenders! SuperCharged MH Marketing+Sales! Tuesday in Tunica!

Shares of UMH Properties Hit New High

Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016 ##

(Photo credit: MHProNews)

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Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016

February 7th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured

Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun

What’s New in Manufactured Housing Industry Professional News

Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors number near half of households, growing. Numbers from (shortened) Louisville Manufactured Housing Show. HUD’s add-on rule adds to MH cost, angers MHARR. Couple suing Oakwood. HUD Code production hits 70k. Modular apartments to replace dilapidated apartments. Maine Manufactured Home Show draws thousands. Manufactured home is first wildfire replacement. Line-up of articles, interviews, videos on MHProNews for Feb. Clayton acquires MH dealer, donates to military support. Lesli Gooch advocates MH finance reform. Much more in stock reports, news and views for you to peruse as you sip your morning jo.

Saturday, Feb. 6 2016

Wells Fargo was Freddie’s Top MHC Seller in 2015

Friday, Feb 5

Patrick to Release Financial Results Feb. 18

MHCV Drops -5.26 Percent as Dow Climbs back on Roller Coaster

Seniors Comprise 42 Percent of Households, will Hit 46 Million by 2030

Clayton Acquires Manufactured Home Retailer G&I Homes of New York

Factory-built Home Causes Wholesale Resignations of Mayor and Staff

Seattle Times announces State Investigation of Warren Buffett’s Clayton Homes, as expected – Analysis

Thursday, Feb. 4

Freddie Mac Updates Manufactured Home Mortgage Insurance

Affiliated Managers Group, Louisiana Pacific Post Solid Gains

Post Louisville MH Show 2016 – The Last Word – by the Numbers

MHARR Presses MH Administrator to Retract New On-site Rule

Modulars for Dublin Homeless Closer to Completion

Couple suing Oakwood Homes for Alleged Defective Home

Wednesday, Feb. 3

Second Round of Assistance Available for Ongoing 2011 Tornado Damages

MHCV Falls -3.78%, Deer Valley Drops -19.05 Percent

HUD Code Production for Year Ends on a Strong Note

Zappos Founder Lives in an Airstream

Massachusetts Mystery Home

Modular Apartments will Replace Run Down Multifamily Units

Tuesday, Feb. 2

UK Architect Advocates Manufactured Homes to Solve Housing Shortage

Dow Falls, Continues its Volatility; Deer Valley Rises, Nobility Homes Falls Hard

Manufactured Housing Included in GSE Lending

Manufactured Home is First Permanent Wildfire Replacement

Fearless, Fix-It February 2016 Featured Articles and new Videos on MHProNews

Maine Manufactured Home Show Held this Past Weekend

Monday, Feb. 1

MHI’s Lesli Gooch Underscores the Need for GSE’s Purchase of Chattel Loans

Clayton Homes Donates to Military Support Group

Carlyle Moves Up, UFPI Moves Down, Dow Slips

Survey Reveals Millennials Maintain Belief in American Dream

Policy Institute says Dodd-Frank is a Bust

Spec Manufactured Home Put on Hold

Sunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016 ##

(Photo credit: MHProNews)

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

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016

January 10th, 2016 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured

What PBS NewsHour Missed About Manufactured Home Living

Nicole Barker compares her Modular Home with conventional construction

What’s New in Manufactured Housing Industry Professional News

FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in Nov. RV/MH Hall announces inductees. CFPB seeks feedback on mortgage disclosure act. Start of year worst ever for Dow Jones. Modular homes for homeless in Ireland dealt another setback. FEMA manufactured homes readied in Calif wildfire region. Marcus & Millichap arrange two MHC sales. GAO evaluates Dodd-Frank. Domestic modular home industry may lose to imports, as modular development is approved in NC. And much, much more in MH industry news and views for you to pursue.

Saturday, Jan. 9, 2016

FHFA “May” Open the GSE Door to Purchase MH Chattel Loans

Friday, Jan. 8

RV/MH 2016 Hall of Fame Inductees Announced

Dow Continues its Fall; Most MH-related Stocks Follow Suit

Marcus & Millichap Arrange sale of Fla. Manufactured Home Community

Controversy Escalates over Modular Homes in Cape Coral

CFPB Seeks Feedback on the Home Mortgage Disclosure Act

Former MHC Titan’s Tony Condo Yields $4.25M

Thursday, Jan. 7

Marcus& Millichap Notches another MHC Sale

Dow Starts the New Year down 900 points; Most MH-related Stocks Fall, Two Rise

Clayton Teams with Electrolux

21 FEMA MH Near Ready for Occupants in N. Calif.

Foreclosures Waning Steadily in Colorado and Ohio

Wednesday, Jan. 6

Completion of Modular Homes in Ballymun Set for mid-January

Dow Stumbles, Skyline Flies High, AMG Drops

Capital One Provides Loan for Purchase of Calif. Manufactured Home Community

Subdivision Approved for Modular Development in North Carolina

New Home Sales Rise Sharply from Last Year

Tuesday, Jan. 5

Modular Home Development has Begun in the UK

Real Estate Losses in Western North Dakota Start to Mount

Skyline, Sun, UMH all Rise; Patrick Falls

Government Accountability Office Evaluates Dodd-Frank Act Effects

Loan Application Defect Index Falling

In Depth Overview of HUD Code Production for November

Monday, Jan. 4

Mortgage Application Approvals and Home Values Rise

No Covered MH-related Stock Gains as the Dow Hits the Skids

U. S. Modular Home Builders need to Sharpen their Saws

HUD Code Production Spikes in November

More Patrick Stock Sold by Gendell

Really? “Bad bargain? Manufactured homeowners feel the financial strain, PBS NewsHour” MHProNews Flash Report and Analysis

Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016 ##

(Photo credit: MHProNews)

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

MHARR Criticizes FHFA for Continuing to exclude Chattel Loans

December 23rd, 2015 Comments off

 mharr logoThe Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the so-called “new” duty to serve (DTS) rule issued by the Federal Housing Finance Agency (FHFA) Dec. 18, 2015, much like the original 2010 implementation, continues the exclusion of manufactured home (MH) chattel loans, which make up some 70 percent of all new MH consumer loans.

Despite specific congressional authorization of DTS credit for chattel loans in the Housing and Economic Recovery Act of 2000 (HERA), the FHFA has steadfastly maintained this exclusion.

While some in the industry see the “new” DTS rule as a victory, MHARR reports FHFA conducted a webinar/conference call Dec. 22, 2015 during which the possibility of a chattel loan “pilot program” was floated, but FHFA made it very clear the program would be discretionary for Fannie Mae and Freddie Mac, not mandatory, giving the GSEs control over whether such a program could be established.

MHARR says Fannie and Freddie have long been opposed to manufactured housing chattel loans, suggesting that the invitation for comments on the pilot program for chattel loans is perfunctory and likely more fluff than substance. MHARR notes the last time it discussed this issue with FHFA, it thought chattel loans would be included in a new DTS rule.

Additionally, MHARR wants to know what transpired when FHFA, the Manufactured Housing Institute (MHI) and an unknown consumer group held a closed-door meeting, and what, if any effect the meeting might have had on the substance of the proposed new rule. In any case, MHARR “will submit strong comments on this proposed rule.##

(Image credit: Manufactured Housing Association for Regulatory Reform)

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Jan.–Sept. 2015 GSE Volume Outpaces 2014 Totals

November 17th, 2015 Comments off

fannie_mae_loan_volume__scotsmanguide_slash_fannie_maeAccording to scotsmanguide, reports released last week by the government-sponsored enterprises (GSEs) reveal the combined volume of single-family loans purchased and guaranteed by Fannie Mae and Freddie Mac through Q3 2015 have exceeded the total for all of 2014. Total GSE volume hit $640.7 billion for the first nine months of 2015 compared, to $624.8 for all of 2014.

Separately, Fannie’s $365.8 billion volume through the first nine months is just short of the $369.8 billion for the entire year of 2014, while Freddie’s $274.9 billion freddie_mac_loan_volume_scotsmanguide__freddie_macvolume is above the total of $255 billion for 2014. When comparing volume of activity, Freddie’s single-family numbers were up 49 percent when weighed against the same nine months of last year, while Fannie Mae’s activity was up 39 percent over the first three quarters of 2014.

Although loan counts are below the levels set by the refinance boom in 2013, Fannie’s numbers were up almost 26 percent to 1.65 million over the first nine months of 2014, while Freddie’s loan count was up nearly 36 percent to 1.2 million.

As MHProNews reported Nov. 4, 2015, Freddie lost $475 million for Q3 2015, as compared to net income of $4.2 billion for the same quarter of 2014, due mostly to losses on derivatives which hedge against the risk of interest rate changes.

Despite the losses, Fannie CEO Tim Mayopoulos and Freddie’s CEO Donald Layton stressed that single-family volumes have risen meaningfully, and the core business maintains its strength. Refinancing has been a driving force behind the increased numbers, but home buying has also risen. The GSEs anticipate that overall, single-family originations will end 30 percent higher this year than last, reaching $1.7 trillion.

Noting that refinances were stronger than home purchases, Mayopoulos said, “We’ve done some research in this area, and we see that, especially among younger people and minority people, that they have a tendency to believe that they need higher credit scores to qualify for a loan than is in fact the case. As a result, they may choose just not to apply for those loans or to pursue buying a house.

Layton added more loans are coming through smaller and mid-sized banks. He said, “About 50 percent of our business is with these lenders compared to just 16 percent before the financial crisis.##

(Graphic credit: top-scotsmanguide/Fannie Mae; bottom, scotsmanguide,Freddie Mac)

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Former Head of Ginnie Mae does not Envision GSE Reform Soon

November 11th, 2015 Comments off

joseph_murin__former_ginnie_mae_prez_and_ceo__scotsmanguide__creditThe former president and CEO of Ginnie Mae, Joseph Murin, said the Obama administration is not looking to recapitalize GSEs Fannie Mae and Freddie Mac, preferring to leave them as a conservatorship from which funds can be extracted as needed. Also, he does not believe reform of the government-sponsored enterprises (GSE) will occur under the next administration, scotsmanguide reports.

The Treasury is using them as a cash cow to use their cash flows for other areas of the federal government, where the administration feels that they need funding,” Murin said. “It is a deliberate strategy to be able to keep the GSEs where they are today, let them continue to earn and to transfer those earnings over to the Treasury.

Treasury Secretary Jack Lew said the administration does not want to release the GSEs from conservatorship now would it consider allowing them to retain earnings. He said President Obama wants Congress to take up housing finance reform so taxpayers would not be unduly exposed to risk.

Noting that the status quo is the administration’s policy, Murin does not believe any major reforms to the GSEs will be adopted, although he says it might be more likely with a Republican presidency, but adds, “I think they will continue to kick the can down the road,” Murin said. “Everybody is pointing to a new administration in 2017. However, I am not sure that is something that is in the cards.

He says some mortgage industry people and Civil Rights groups want the GSEs to recapitalize and release. Murin favors replacing Fannie and Freddie with one entity like Ginnie Mae, which insures mortgage securities backed by the federal government, like FHA, but does not purchase mortgages like the GSEs do. You cannot expect private capital to fill the void left by the absence of a government guarantee because without it, mortgage rates would spike 200 to 300 points. He said, “I don’t think that is ever going to happen, where the private marketplace takes over. The cost of liquidity under a private environment will be too high and it will impact in a negative manner the housing and mortgage market in this country.

The NAACP, the Community Home Lenders Association (CHLA) and the Community Mortgage Lenders of America (CMLA) all support a recapitalization of the GSEs. The NAACP and two other progressive groups are concerned that access to credit for lower-income borrowers is at risk under the status quo.

Mortgage trade groups are concerned Fannie and Freddie will be eliminated, especially since Freddie Mac reported a $475 million loss in Q3 2015, as MHProNews reported Nov. 4, 2015, a significant drop compared to net income of $4.2 billion in the same quarter of 2014. While the Treasury will not have to come to its rescue this time, Federal Housing Finance Agency Director Mel Watt predicted the GSEs will likely have to make draws against the Treasury as their capital reserves are decreased to zero by 2018.

CMLA Executive Director Glen Corso says taxpayer-funded bailouts could lead to the elimination of the GSEs. “There are folks out there that would like to see the GSEs shut down, and our concern is that gives them ammunition to argue that, ‘My God, they are at it again; they are losing money, let’s shut them down right now,’” Corso said. “Our members are very concerned about that.##

(Photo credit: scotsmanguide–Joseph Murin, former CEO and president of Ginnie Mae.)

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

Freddie Mac Drowns in Red; CEO Layton says Lenders need to Lower Down Payment

November 4th, 2015 Comments off

donald_layton__ceo_freddie_mac__housingwire__creditOn the news of Freddie Mac reporting a net loss of $475 million for the third quarter of 2015, significantly down from the net income of $4.2 billion for the same quarter 2014—the first time in four years– MHProNews has learned from housingwire that Freddie Mac CEO Donald Layton is suggesting lenders lower their down payment when writing mortgages. He says that would help the GSE increase access to credit for possible homeowners.

Referring to the loss, Layton, calling it “accounting noise,” said the real economics going on is that lenders are not fully exploiting the three percent down payment mortgages that Freddie will now bundle and securitize. He said mortgage lenders are unduly afraid of representation and warrants claims, but in fact, that activity has declined, he noted.

He did describe the loss thusly: “This $0.5 billion loss was caused mainly by the accounting associated with our use of derivatives, whereby the derivatives are marked to market but many of the assets and liabilities being hedged are not. He added, We’re sampling performing loans earlier to test for defect in manufacturing. All this is designed to have lenders feel more comfortable.

Freddie’s net worth is $1.3 billion, and it has repaid $96.5 billion to taxpayers and received $71.3 billion from the Treasury.

Federal Housing Finance Agency Director Mel Watt, noting the decrease was not a decline in credit quality or an increase in credit losses, said as the GSEs transfer credit risk away from the taxpayer to the private sector, their revenues will of necessity decline.

A U. S. Treasury official who says the loss is not indicative of a weakness, stated, “The prospect of any material losses by the GSEs is another reminder that comprehensive housing finance reform is necessary. Taxpayers remain on the hook for losses incurred by the GSEs, whether through the capital buffer or the ongoing, $258 billion backstop under the PSPAs.

Suggesting this could be the first shot in a return to the housing crisis, Rep. Ed Royce (R-CA) has introduced legislation to limit the pay of GSE CEOs. He said, “Losses like this combined with multimillion dollar CEO salaries at the GSEs are the warning shots of a return to the pre-crisis model of private gains and public losses that wrecked the economy. We can’t simply put the blinders on and say that Fannie and Freddie are just like other companies when taxpayers are on the hook if they go in the red.

His bill would limit compensation to $600,000 instead of the $3 million proffered by the FHFA earlier this year.

Meanwhile, Freddie’s comprehensive loss for Q3 2015 was $501 million, as compared to comprehensive income of $3.9 billion for Q2 2015. Freddie’s single-family rental business’ purchase climbed to $90 billion, a 50 percent increase compared to the same period 2014. ##

(Photo credit: housingwire–Freddie Mac CEO Donald Layton)

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

Secondary Market for Manufactured Home Loans Coming from FHFA

October 2nd, 2015 Comments off

federal_housing_finance_agency__logoAccording to nationalmortgagenews, the Federal Housing Finance Market (FHFA) will issue a final rule within the next 12 months requiring Fannie Mae and Freddie Mac to better serve the manufactured housing market and rural markets, and increase the preservation of affordable housing under the “duty-to-serve” mandate.

The rule will therefore provide a secondary market for manufactured housing loans, lower financing costs and providing better protection for consumers, long sought goals of the the manufactured housing industry.

The agency also intends to update its the GSEs credit scoring models. FHFA will “continue to assess the feasibility of leveraging alternative credit scores for underwriting, disclosure and pricing purposes, including operational and system implications.

FICO has made significant changes since the FICO 4 credit scoring model was introduced in 2004, as MHProNews has learned. Different groups have suggested more current credit scoring models should be introduced, but FHFA Director Mel Watt said updating the FICO of developing an alternative is a complicated process, and there was no immediate indication that will be done within this fiscal year, which began Oct. 1.

The agency also intends to work on different remedies for dealing with lender disputes with Fannie and Freddie. ##

(Image credit: Federal Housing Finance Agency)

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

Sunday Morning Recap-Manufactured Housing Industry News Aug. 9-Aug. 16, 2015

August 16th, 2015 Comments off

mhpronews_sunday_morningWhat’s New in public focused Manufactured

Nubble Lighthouse and Sohier Park. York, Maine – US Destination

What’s New in Manufactured Housing Industry Professional News

GSEs set to offer secondary market for manufactured home loans. Two MHCs change hands, new MHC planned in Canada. CFPB not protecting consumers OR employees. CA city tries to protect MHCs from repurposing. Modulars rising in Germany, Nepal, Kansas. TX lenders lose FHA lender status for MH. Reputation marketing for MH available. MHC residents defend owner. MHARR detects jaundiced eye in HUD proposal. And much, much more news and views to accompany your morning coffee.

Saturday, Aug. 15

Consumer Financial Protection Bureau is Rife with Discrimination

Friday, Aug. 14

246 Site Manufactured Home Community Sold in Michigan

Bowersox Takes Vice President Position with Manufactured Housing Institute

MHCV Outperforms Dow. LPX Gains 3.55%

Shigeru Ban develops Modular Shelter for Quake Survivors in Nepal

Kingsley Management Corp. Acquires Florida Manufactured Home Community

Modular Homes will Result from Land Bank Transfer

Thursday, Aug. 13

Secondary Market for Manufactured Home Loans Directive Due Soon

San Jose wants a Six Month Moratorium on Re-purposing of Manufactured Home Communities

Council Strengthens Language Regarding Relocating Residents

Patrick Gains the Most of MH Stocks; MHCV Slips

Land Bank Authority Funds Modular Housing Project

Manufactured Home Community Founder Supports Non-profit in New Jersey

Wednesday, Aug. 12

Citizens Paring Down Policies of Manufactured Home Owners

California Takes Prize for Most Expensive Homes

Fleetwood Poised to take Advantage of Opportunities Down Under

China Devaluation Leaves Stocks Flat; Deer Valley Falls Following Prior Big Gain

European Modular Housing Builder Overwhelmed by Demand

55+ Housing Market Index Remains Steady

Tuesday, Aug. 11

MHARR Questions HUD’s Proposed New SAA Funding

Lenders Fined, Lose FHA Approval Status for Manufactured Home Lending Fraud

Deer Valley Homes Skyrockets +85.71%; Dow Loses most of Yesterday’s Gain

Shelters Developed for Military may be Used for Disaster Scenarios

Modular Home Construction can Realize Cost Savings

Drew goes Fishing, Finds Furniture for Fresh Water Float

Monday, Aug. 10

Grenade Marketing Offers Reputation Marketing for Manufactured Home Industry Pros

Dow Posts Strong Gain, MHCV Slips, LPX Gains 4.60%

Passages: Norman Schweiss

Manufactured Home Community Residents say City has it Wrong

Canadian City Planning new Manufactured Home Community

Sunday Morning Recap-Manufactured Housing Industry News Aug. 2-Aug. 9, 2015  ##


(Photo credit: MHProNews)

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