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Posts Tagged ‘myriad’

Fed Housing Involvement Will Remain

October 18th, 2012 Comments off

Despite calls by analysts and policy makers following the recent crash to get the government out of the housing business, Kerri Ann Panchuk of HousingWire says the GSEs still account for 85-95% of the outstanding mortgage loans, securitized and unsecuritized. Plus there is a myriad of programs to help homebuyers—Home Affordable Mortgage Program (HAMP), federal block grants, other refinance programs, etc.–that are in direct contrast to The Treasury saying it wanted a mortgage finance system supported by more private capital. Doug Duncan, chief economist for Fannie Mae, says private capital does not see clarity in the new system, and that uncertainty will keep investors away. As MHProNews has learned, government will remain involved for the foreseeable future.

(Image credit: Federal Housing Administration)

Store Draws MH Owners

September 24th, 2012 Comments off

The Daily Commercial reports from Leesburg, Florida Pat’s Sales has been providing the aftermarket manufactured home industry with discontinued, salvaged, and overstocked materials for 35 years. The 60,000 square-foot building contains a variety of flooring, cabinetry, plumbing, doors, windows, electrical, siding, moldings and much more, serving the myriad of manufactured home communities in Lake and Sumter counties. Owners Laurel and Pat Denson maintain a list of installers for those who do not go the DIY route. Pat says the newer manufactured homes are made better than in the past, using drywall and residential doors and windows. MHProNews has learned kitchen cabinets and carpeting are the most sought after items, in that order.

(Photo credit: The Daily Commercial—Buck Denson checks the rolls of flooring.)