Posts Tagged ‘secondary market’

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.

MHI Applauds Senate Banking Committee for Housing Finance Legislation

March 26th, 2014 Comments off

Noting the proposed bipartisan legislation introduced by Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) that recognizes the importance of manufactured housing, Nathan Smith, Manufactured Housing Institute (MHI) chairman and partner at SSK Communities, says, “Gaining access to the secondary market for our home loans has long been a top priority for MHI and the manufactured housing market, and we are grateful the Senate has taken action to level the playing field for the manufactured housing industry and our homeowners. This bill is a step in the right direction for our industry and manufactured homeowners across the country, and we will continue to advocate for and work with Congress to pass into law a housing finance bill that recognizes the critical economic role of manufactured housing.” Fannie Mae and Freddie Mac are supposed to address the needs of low and moderate income families through secondary markets, but less than one percent of their activity includes manufactured housing finance.

As reported March 17, 2014, Fannie and Freddie would be replaced by a new Federal Mortgage Insurance Company that would include “loans secured by manufactured homes,” and personal property loans secured by the home itself. Richard Jennison, President and CEO of MHI, says, “MHI applauds the bipartisan approach taken by Chairman Johnson and Ranking Member Crapo and their recognition of the importance of manufacturing housing in rural and underserved areas. We look forward to continuing our work with Congress to further strengthen securitization resources for manufactured housing.”

As reports, MHI is the “preeminent national trade association for the manufactured and modular housing industries, representing all segments of the industries before Congress and the Federal government.” ##

(Image credit: Manufactured Housing Institute)