Posts Tagged ‘may 24’

Cavco to Announce Quarterly Earnings Report

May 21st, 2013 Comments off

As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: under the Investor Relations link. The call will be archived using the same contact information for 90 days. The second largest producer of manufactured homes in the nation, Cavco designs and produces factory-built housing products under a variety of brand names including Cavco, Fleetwood, and Palm Harbor, and modular homes under the Nationwide Homes brand.

(Image credit: Cavco Industries, Inc.)

MHARR Hammers Away

June 19th, 2012 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR) reports that despite the 2008 Congressional “duty to serve” (DTS) directive to the government-sponsored enterprises (GSEs) to establish a secondary market for manufactured housing, including chattel loans, the proposed implementation rule published by the Federal Housing Finance Agency (FHFA) two years ago remains in limbo. Since it would exclude chattel financing anyhow, MHARR continues to press the regulators for the GSEs to include chattel financing, and thereby carry out the intent of Congress. At a meeting with MH chief executives and FHFA May 24, 2012, when FHFA cited outdated loan performance data, MHARR pointed out the MH loan delinquency as of 12-2011 was 3.76% as opposed to 6.01% for the national mortgage delinquency rate. As MHProNews has learned MHARR continues to insist MH is affordable housing and should be treated as such by the various federal governmental agencies and regulators. For the full report, click here.

(Photo credit: Champion Homes)