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Triad Financial Services Announces Record Loan Origination Volume

November 21st, 2016 Comments off
Credit: Triad Financial Services.

Credit: Triad Financial Services.

Triad Financial Services, Inc. (Triad) today announced loan origination data for the first 9 months of 2016. A total of 5,684 loans have been funded by Triad for the 9 months ending 9/30/16, a 35 percent increase over the same period in 2015.

Don Glisson, Jr. Credit: Triad Financial.

Don Glisson, Jr. Credit: Triad Financial.

I am very proud of the entire team at Triad, as growing 35% in one year is no easy task but our team answered the challenge and exceeded expectations,” said Triad Financial Services CEO Don Glisson, Jr.

Our growth has outperformed the industry the past several years and we believe our superior products and best in class customer service will be the reasons we continue this trend.

Triad Financial Services is a privately held, full service finance company based in Jacksonville, Florida with locations in Bourbonnais Illinois, Irvine California, Atlanta Georgia and Wichita Kansas. For the full story, click here.

For an interview with Don Glisson, Jr., please click here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

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

Solar Decathlon Competition opens in California, runs Oct. 8-Oct. 18, 2015

October 7th, 2015 Comments off

Solar_Decathlon__dept_of_energy_creditOrange County Great Park in Irvine, California is this year’s site for the U. S. Department of Energy’s (DOE) biennial Solar Decathlon 2015 which begins Oct. 8 and runs for ten days. The “competition challenges collegiate teams to design, build, and operate solar-powered houses that are cost-effective, energy-efficient, and attractive. The winner of the competition is the team that best blends affordability, consumer appeal, and design excellence with optimal energy production and maximum efficiency,” according to the DOE’s website.

Free and open to the public, visitors can tour the solar-powered modular homes university students from around the globe have designed and built, and gain ideas for your own home and learn how energy-saving features can be installed to save you money. Sponsors of the event are offering educational and entertaining exhibits, including clean energy companies demonstrating their technologies and products that are commercially available.

MHProNews has posted stories about several of the competitors. The University of Texas at Austin is partnering with Germany’s Technische Universitat Munchen to build a modular house that runs on water and sunshine, as we reported June 12, 2015.

The University of California-Davis was founded as an agricultural school over 100 years ago. Unlike many of the entries that are targeted to upper and upper-middle income buyers, as MHProNews posted Sept. 9, 2015, their entry is aimed at the migrant worker community.

In 2013, the Vienna University of Technology won the solar Decathlon. ##

(Photo credit: U. S. Department of Energy)

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

Relaxed Credit: Kickstart Housing or Overheat the Housing Market?

September 12th, 2014 Comments off

dice_rolling___housingwire__creidtRegulators have been encouraging mortgage lenders to relax credit, saying that will fuel the tepid housing market, while others say lowering FICO scores to include more low-income borrowers will lead to more defaults. “We simply don’t have enough qualified homebuyers even with mortgage rates getting as low as 3.25%,” says Logan Mohtashami, a senior loan officer at AMC Lending in Irvine, Calif. “We’re coming off a debt-asset bubble and deleveraging of mortgage debt is still going on. How much more risk do regulators want lenders to take?”

As MHProNews recently reported, the Federal Housing Administration (FHA) is aiming at borrowers with credit scores below 680 who have been passed over. Federal Housing Finance Agency (FHFA) director Mel Watt recently reduced the risk to lenders of having to purchase defective loans in an attempt to stimulate lending to low-income borrowers. Some analysts note the Dodd-Frank Act and other reforms eliminated the bad actors who pushed many borrowers into foreclosure, and lenders now being required to determine the borrower’s ability to repay should help pave the way for a normalized market. Mike Calhoun of the Center for Responsible Lending says loans to people during the crisis did well, and it was bad products that were the culprit causing the crisis, according to nationalmortgagenews.com.

Still, unemployment remains stubbornly high, falling some analysts say only because people quit looking for work; and the lack of wage growth will continue to stymy demand, regardless of historically low interest rates artificially maintained, that ultimately could result in a slow-growing economy, if not another recession. ##

Modular Entry from Solar Decathlon on Display in Albuquerque

December 17th, 2013 Comments off

Combining forces, the University of New Mexico and Arizona State University entered a solar modular home in the U. S. Dept. of Energy (DOE)s’ Solar Decathlon held in Oct. at Irvine, California, winning first prize in the “energy balance” category and in the top ten in other categories. “SHADE (Solar Homes Adapting for Desert Equilibrium) pays tribute to the interdependence of desert plant life while maximizing occupant comfort and flexibility,” according to what the organizers related to bizjournals.com. The house features rainwater cachement tanks, modular furniture, solar canopies, capillary radiant heating and a “whole-house” control system. MHProNews has learned the modular home will be on display at Mesa del Sol in south Albuquerque, New Mexico through March.

(Photo credit: Joanie Griffin/bizjournals.com—SHADE)

Solar Decathlon Entry Emphasizes Sustainability

September 18th, 2013 Comments off

Updating a story MHProNews published Aug. 19, 2013 regarding one of the 20 entrants in the Department of Energy’s Solar Decathlon to begin Oct. 3, 2013 in Irvine, California, the Phoenix House by Team Kentuckiana is specifically constructed to withstand potentially destructive weather events. Designed by students from the University of Kentucky, the University of Louisville and Ball State University in Indiana, the dwelling has the usual “green” features: High-efficiency HVAC system and appliances, greywater cachement, photovoltaic solar panels, energy-recovery ventilator, reclaimed outside wood panels, and super insulation. In addition to being rapidly deployable and assembled in case of emergency, mothernaturenetwork says the Phoenix features an earthquake and tornado speed wind-resilient steel chassis and structural insulated panel (SIP) construction. The kicker? The bathroom, while lovely, doubles as a stormshelter: Steel door, small laminated window with shatter-proof glass, thick walls and reinforced ceiling. The students, living in an area familiar with devastating tornadoes, hope to further stimulate the dialogue about permanent, sustainable modular housing in the face of severe weather events.

(Image credit: mothernaturenetwork–Solar Decathlon entry from Kent. and Ind. schools.)

Governor to grace Solar Decathlon team send off

August 28th, 2013 Comments off

vermont-governor-oeter-shumlin-posted-daily-business-news-manufactured-housing-pro-news-mhpronews-com-Norwich University and Middlebury College will co-host a send-off event for their student-teams competing in October in the international U.S. Department of Energy Solar Decathlon in Irvine, California. Governor Peter Shumlin will be the keynote speaker at the Statehouse event in Montpelier on Tuesday, Sept. 10. Norwich University President Richard Schneider and Middlebury College President Ronald Liebowitz will also speak at the event, which is set for from 10:00 a.m. – 12:30 p.m., along with speakers who are student-team members. Unique aspects of their designs will be showcased and celebrated with complimentary refreshments and live music. The biennial solar home design competition will be held at the Orange County Great Park in Irvine, CA. Oct. 3-13. The vtdigger tells MHProNews that Norwich’s home is named the DeltaT-90, while Middlebury’s is dubbed the InSite. ##

(Photo credit, Governor Peter Shumlin: VT.gov)