Posts Tagged ‘photo credit’

Dodd- Frankenstein – SEC 2013 Annual Whistleblower Report

November 21st, 2013 Comments off

obama_&_biden_presidential-limo_july-2010-.pngIf ObamaCare has your attention, don’t miss out on what some publishers are now calling Dodd-Frankery or Dodd- Frankenstein (aka Dodd-Frank). The SEC is required to publish an annual whistleblowers report, the 2013 download of which is available here. The attorneys behind the website “Dodd-Frank-com” state “ Fiscal 2013 drew 3,238 complaints compared to 3,001 in 2012, an 8% increase.”  Did you check that, over 3000 complaints a year, or about 9 daily. For retailers, communities and others involved in manufactured home lending, lease-purchase, rent-to-own or other instruments deemed to be ‘financing’ per the Consumer Financial Protection Bureau, this ought to be the latest wake up call. MHProNews suggests that once you’ve had your coffee, see if your Congressman is on this list, and either call to thank them or call to ask for their support of HR1779. ##

(Photo Credit: WikiCommons)

House and Manufactured Home Repair Program for Low Income Underway

August 28th, 2013 Comments off

daily-courier-ken-hedler-credit-planner-ruth-may-posted-daily-business-news-mhpronews-com-Chino Valley, Arizona launched a home repair program for low-income residents. The town joined other nearby locations in AZ, said planner Ruth Mayday, who oversaw a similar program for the town of Prescott Valley. “We have to serve the population that the state of Arizona tells us in terms of household income and household composition,” Mayday said. “That is what we focus on, those that have the greatest need.” Applicants must not exceed 80 percent of the median income for the area. Household income caps range from $30,750 a year for an individual to $57,950 for a family of eight. Once qualified, Chino Valley will use contractors who bid on repairs for the individual homes. ##

(Photo credit Ruth Mayday, Daily Courier/Ken Heder)

Five years after Dodd-Frank, Community Banks failing, Consumers suffer and Mega-Banks just fine

August 27th, 2013 Comments off

tanya-marsh-wake-forest-law-school-posted-daily-business-news-manufactured-housing-professional-news-Sounding off in the respected Huffington-Post, Wake Forest Law School Professor Tanya Marsh writes that: “First, the mega banks are just fine.”…”Second, community banks are definitely not fine.” and “Third, consumers are the big losers.” Marsh states that “In the second quarter of 2013, Bank of America saw a 63% increase in net income, Citigroup posted a 42% increase, JPMorgan Chase recorded a 32% increase, and Wells Fargo “only” logged a 19% increase. Headlines boast of the “record profits” enjoyed by the mega banks.” Even before the 2008 mortgage and financial system crisis, the professor said “…smaller banks saddled with a growing regulatory burden found it difficult to compete with more efficient mega banks. The result was a greater consolidation of assets in the hands of a few companies. The number of banks with assets of less than $100 million decreased by more than 80% from 1985 to 2010 while the number of banks with assets greater than $10 billion nearly tripled over the same period.”  Marsh said, “Financial activities that are fundamental to the average American are only worth the time of a mega bank if they involve a completely standardized product and a completely standardized borrower.” Marsh says that 5 years after Lehman Brothers failed, those who didn’t cause the financial meltdown are being punished, the mega lenders are just fine and consumers and small businesses are the big losers, if the pattern isn’t changed. As MHProNews readers can relate, as this is also true for ‘non-banking’ lenders, such as communities or retailers willing to make chattel (personal property) or offer lease purchase programs to potential borrowers who don’t fit a Dodd-Frank/CFPB regulation lending ‘box.’ ##

(Photo Credit: Wake Forest Law)

School Building Manufactured Home Community for Staff

July 9th, 2013 Comments off

The Midland City Council in Midland, Tex. approved a one-year temporary use permit for a 70-unit manufactured home community to house Midland Independent School District’s (ISD) teachers and other employees. Updating a story MHProNews posted June 25, 2013, the council chose to develop ISD owned property instead of leasing sites in Stonegate Mobile Home Park. Energy fields being developed nearby are drawing workers to the area seeking housing, driving up prices and lowering the vacancy rate in town, making it difficult for ISD to attract much needed teachers. As mywesttexas says, 100 to 210 staff members will be housed in the manufactured homes, depending on whether teachers want to have roommates.

(Photo credit: rileytransport–manufactured home on the move)

Senior Housing Needs on the Rise

January 23rd, 2013 Comments off

The National Association of Home Builders (NAHB) says the demand for housingfor those 55 and older will increase through 2020 as the boomers age. Says the NAHB’s Paul Emrath, “We expect to see an increased demand for 55+ housing as more baby boomers turn 55 and seek homes and communities that offer the lifestyle they desire. NAHB is projecting that the number of housing starts in 55+ communities will increase 22 percent to 74,302 units in 2013, and another 20 percent to 89,071 in 2014.” He says walking/jogging trails and green space are the two amenities with the biggest draw for the 55 and older demographic. As MHProNews understands, 7,000-10,000 people in this country hit 65 each day.

(Photo credit: Dept. of Housing and Urban Development)

Community Owner Wins after Appeal

September 26th, 2012 Comments off

<p><b><i>Seasidesignal <b><i>tells MHProNews that a Clatsop county OR hearings official revised his order on Sunset Lake RV and MH Resort after a challenge by owner Ken Hick.  Hearings Officer Paul Elsner, has authorized up to 75 permenant and short term spaces on the roughly 4.4 acre property.  Hick appealed an earlier ruling by the hearings officer to the Oregon Land Use Board of Appeals.  In May, the Oregon Land Use Board remanded the case back to the county, ruling that Elsner had not provided sufficient findings for his order limiting the number of units on the property.</p? <p>(Photo credit: Woodalls)</p>Seasidesignal tells MHProNews that a Clatsop County OR hearings official revised his order on Sunset Lake RV and MH Resort after a challenge by owner Ken Hick. Hearings Officer Paul Elsner, has authorized up to 75 permanent and short term spaces on the roughly 4.4 acre property. Hick appealed an earlier ruling by the hearings officer to the Oregon Land Use Board of Appeals. In May, the Oregon Land Use Board remanded the case back to the county, ruling that Elsner had not provided sufficient findings for his order limiting the number of units on the property.

(Photo credit: Woodalls)

CATO CEO Says Free Markets Are the Answer

September 26th, 2012 1 comment CATO Institute’s CEO, John A. Allison, is making the case that free markets not government are the solution to what caused the banking crisis. In his book,”The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope.” In a column to AB, Allison states that: “Many life insurance companies and other investors like having government guarantees on their assets (via Freddie, Fannie, or the FHA). However, this is very destructive public policy because it pushes the risk to taxpayers and not market participants.” Alison also said, “A major component of the solution will be provided by existing commercial banks that retain home mortgages in their portfolios the way the S&Ls did. One of the few major economic systems to have limited problems as a result of the financial crisis is Canada. One reason the Canadian banks did relatively well is that they portfolio home mortgages. While there are some housing subsidies in Canada, the banks do not have to compete with the government, that is, Freddie, Fannie, and the FHA. Also, since the banks were holding the mortgages on their books, they cared about the credit risk and underwrote the risk rationally.”
(Photo Credit: United Liberty)

County Slams Door on Rent Control

June 22nd, 2012 Comments off

UkiahDailyJournal reports the Mendocino County Board of Supervisors in north central California unanimously voted down a rent control ordinance that would affect all 60 MHCs in the county. While proponents said it would protect seniors on fixed incomes, opponents said it stifles free enterprise while also noting a study by the Cato Institute showing communities with rent control have lower quality of housing. One MHC was singled out by the commissioners as producing the most complaints about the rise in rent. An MHC owner suggested a county fund to assist low-income individuals. What MHProNews finds most telling is that petitions were received by the board from residents of MHCs opposing rent control.

(Photo credit: Progressive Housing–San Jose, CA)

Nearby Housing Development Raises Concerns

June 5th, 2012 Comments off

The NewHavenRegister says the Ryder Woods Mobile Home Park in Milford, Connecticut was moved in 2005 to make way for a WalMart, and the developer paid fairly and squarely to move the 200 families. Three years ago the Ryder family re-purchased the community to make sure it would never have to move again. Now, developer Louis D’Amato is siting 28 1,100 square foot manufactured homes nearby, and Ryder Woods residents are complaining of large rocks and trees falling near their homes. Of more concern is a proposal to the Milford Planning and Zoning Board by Garden Homes Management to erect a 36-unit multifamily project one quarter mile from Ryder Woods, in accordance with the state’s affordable housing statute. Residents say the area has mercury contamination, the lives of the area’s wildlife would be disrupted, and the development would add to existing flooding problems. has learned from MilfordPatch Jim Flynn and other Ryder Woods residents will request at tonight’s meeting (June 5, 2012) of the planning and zoning board that the project not be approved yet. The developer says a Department of Energy and Environmental Protection test shows no mercury.

(Photo credit: Melanie Stengel/Register–Ryder Woods residents)

Hundreds of Pros Tulsa Bound

February 24th, 2012 Comments off

Contrarian views about the 2012 Great Southwest Home Show have not matched up with the positive pre-show reports about the upcoming indoor manufactured housing trade show at the Quik-Trip Center in Tulsa, OK. Reports indicate that the show hotel has filled up on their space allocation early. Sources tell that since the announcement of new business building seminars, forums and workshops, the number of registrations has doubled in a week and continues to rise. More information about the show is found at this link, and pre-show video reports will be available on the Masthead blog, starting this weekend. The video reports will give a rare, behind-the-scenes look at the tremendous scope and size of this event, which promises to be bigger than 90% of all industry events in 2012. # #

(Photo Credit: