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Posts Tagged ‘Triad Financial Services’

Triad Financial Services Recent Reporting on Manufactured Home Lending

October 26th, 2018 Comments off

 

TriadFinacialServicesRecentReportingOnManufacturedHomeLendingTriadLogoECNCapitalLogoMHProNews

Triad Financial Service (TFS or Triad) formally closed on their acquired by ECN Capital on December 29, 2017.  For nearly 60 years, Triad has served the manufactured home industry, and other lenders.

 

Our prior reports on that are linked further below, under related reports.

 

TriadFinacialServicesLogoSecuredConsumerLoanPortfoliosSnapshotManufacturedHomeLendingKeyHighlightsTriadLogoECNCapitalLogoMHProNews

 

The screen captures that follow are from Triad’s second quarter reports, part of the larger ECN Capital quarterly reporting.

 

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ECN has been part of the Daily Business News on MHProNews’ evening market report since the Triad acquisition, along with other manufactured housing industry connected publicly traded operations.

 

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Last night’s evening manufactured home industry stocks and market report is linked here.  The full ECN Capital 2nd quarter report – which includes the slides shown, but others as well – is linked here as a download.

Note that their loan performance data should a good reason for others – including, but not limited to, the Government Sponsored Enterprises – examining the manufactured home lending market to go beyond looking. “We Provide, You Decide.” © ## (News, analysis, and commentary.)

(Related Reports are further below. Third-party images and content are provided under fair use guidelines.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

Triad Financial Service’s Parent Company, ECN Capital – First Data Report

Canadian ECN Capital Signs Agreement to Acquire Triad Financial Services, Inc.

“A Nation of Laws” – Donald Tye, Jr. Affordable Housing, and Manufactured Homes

 

 

 

Texas Commission Talks West Texas Oil Boom, Plus Manufactured Home Market Updates

July 10th, 2018 Comments off

CNNDowJonesIndustrialAverage7102018ManufacturedHousingIndustryDailyBusinessNewsMHproNewsWest Texas. South Dakota. Louisiana. Oklahoma. These are just some of the places that oil, natural gas, and energy have and are creating or supporting jobs that have sold thousands upon thousands of factory built housing units. Tonight’s spotlight focus is an interview with the Texas Commissioner who keeps his eye on the oil industry there.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further below, just beyond the Manufactured Housing Composite Value for today.

 

The ever evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  It’s an example of “News through the lens of manufactured homes, and factory-built housing.” ©

It just makes sense. Because like it or not, what moves the markets effects manufactured housing too.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” ©  It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Univision flip flops on digital strategy, explores sale of Gizmodo and The Onion
  • Trump launches new tariffs on China
  • Tax cut triggers $437 billion explosion of stock buybacks
  • Tesla is going big in China
  • Wall Street has Trump whiplash
  • Trump slashes funding that helps people sign up for Obamacare
  • China is owning the future of cars. German automakers want in
  • The oil market’s shock absorbers are nearly gone
  • Facebook will chip in for users’ birthday fundraisers
  • Microsoft unveils Surface Go to take on iPad
  • Whole Foods announces its Prime Day deal
  • The last Sears in Chicago is closing
  • The United States could be spared the worst in a trade war
  • Why Corporate America is recruiting high schoolers
  • Tesla raises prices in China by 20% in response to tariffs
  • India’s tech firms grow in popularity with country’s grads
  • How Thailand became the ‘Detroit of Asia’
  • These are banned in some cities. The company is valued at $2B
  • Russian company had access to Facebook user data through apps
  • Bitcoin is down 66%. But it still may be the future of money
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Bitcoin prices have been manipulated, study says
  • Russian farmers are ditching the ruble for a new cryptocurrency
  • Bitcoin could ‘bring the internet to a halt,’ banking group warns
  • Smucker is saying goodbye to Pillsbury and its doughboy
  • Pepsi stock pops on strong snack sales
  • Starbucks is removing plastic straws from stores
  • What’s killing Big American Beer?

 

Select Bullets from Fox Business

  • Trump preparing additional tariffs on $200B in Chinese goods
  • The U.S. revealed a list of Chinese goods it will target.
  • Stocks extend winning streak with economy in focus
  • Americans quitting their jobs for better opportunities
  • The ETF market could get a lot bigger – here’s why
  • Some tips for saving on prescription drug costs
  • Oil industry building pipelines to address America’s biggest energy roadblock
  • The big money behind Trump’s Supreme Court pick
  • A deeply conservative political group spent more than $1 million on ad campaigns.
  • Tax law mistake hurting retailers, restaurants
  • This Honda lawn mower will go 150 mph
  • Trump bashes NATO members: Who pays what?
  • Panthers ‘obligated’ to keep Jerry Richardson statue, new owner David Tepper says
  • Yankees’ Cashman, Arizona Cardinals owner back Trump’s Supreme Court pick
  • Used-car prices keep climbing
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Global businesses look to this company for help navigating tariffs
  • Walmart set to enter New York City, but not its stores

 

Today’s markets and stocks, at the closing bell…

 YahooClosingMarketsTickers7102018DailyBusinessNewsMHProNews

Manufactured Housing Composite Value (MHCV)

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One month of data.

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Today is the 4th day of rising markets, as investors are beginning to shrug of the tough talk on trade wars.  But will the announcement of another $200 billion in tariffs targeting China announced late today impact traders?  Time will tell.   A spotlight on Sun Communities is found, linked below.

Forbes Boast$ about Manufactured Home Community Operation

But tonight’s focus is West Texas oil.

Texas Railroad Commissioner Ryan Sitton on efforts to boost pipeline capacity to keep up with drilling at the Permian Basin.  Sitton is the Texas official charged with keeping tabs on the oil industry, and he admits that the supply is outpacing oil pipeline capacity.  He says that that will be corrected through construction in the next 12 to 24 months.

 

As crude oil prices rise over a range of issues, including tensions with Iran, and Russia, U.S production will be ever more important. Another item to keep an eye on for the industry will be when activity starts taking place in ANWAR – which was opened up by legislation enacted by the Trump Administration. That might, just might, cause a wave of factory built homes moving “north to Alaska” at that time.

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Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

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Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

U.S. vs China, SCOTUS Pick, Biz Effects, and MH Market Updates

July 9th, 2018 Comments off

CNNmoney7.9.2018ManufacturedHomeStocksMarketsReportsMHProNewsBefore diving into tonight’s feature, millions will tune in tonight to see who President Donald J. Trump will nominate to replace retiring Justice Anthony “Tony” Kennedy on the Supreme Court of the United States (SCOTUS). Some have speculated on a variety of supposed top contenders. An interesting op-ed by Senator Orin Hatch May provide a clue, when it uses the pronoun “she” to describe the pending nominee. 

According to the often-announced plan, sometime after 9 PM ET, the nation will know.

That said, beyond the data for today’s tracked manufactured home industry connected equities, the focus for tonight’s is what Fox Business called a “risky” trade war.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • The product is banned in some cities. The company is valued at $2 billion
  • Sell tech: Morgan Stanley’s warning to investors
  • Disney set to nab 700 million viewers in India
  • Samsung goes big in India with ‘world’s largest mobile factory’
  • Is HBO the next Netflix?
  • Tencent Music could reach $30 billion valuation in US IPO
  • Inside Adidas’ vision for the future
  • Driving the Subaru 360, one of the worst cars ever sold in America
  • ‘Ant-Man and the Wasp’ marks Marvel’s 20th straight No. 1 opening
  • Tariffs cast a shadow as earnings season begins
  • US soybean farmers say China tariffs could result in ‘serious damage’
  • Chicken nuggets, avocados and whiskey. The trade war is making 1,300 products more expensive
  • 4 ways to make your workday more productive
  • What we lose when we let Trump’s tweets and insults take over the news
  • Winklevoss twins’ cryptocurrency firm hires NYSE executive
  • Sonos prepares to go public
  • ‘Ant-Man and the Wasp’ caps off Marvel’s blockbuster year
  • Uber and Lyft want to be about so much more than cars
  • Samsung’s run of record profits fizzles out
  • Having more control over your data doesn’t mean it’s safe
  • China says the US has started ‘the biggest trade war’ in history
  • Google’s eerily human phone bot is ready for the real world
  • Boeing’s hypersonic passenger plane could get you from New York to London in 2 hours
  • Boeing and Brazil’s Embraer form $4.75 billion commercial jet venture
  • The new Fox will be a sports and entertainment hub
  • MoviePass rolls out surge pricing
  • Another strong jobs report. Here’s why unemployment jumped
  • Mall vacancies hit six-year high
  • Trump calls journalists ‘bad people’ at rally a week after newsroom shooting
  • Is this the future of home renovation?
  • Amazon could radically change how you get prescriptions
  • These gadgets could transform the lives of visually impaired people
  • Jaguar Land Rover: Brexit threatens our plan to spend $100 billion in the UK

Selected headlines and bullets from Fox Business:

  • Trump rips Pfizer for raising drug prices
  • Winners and losers of Trump’s decision to halt ObamaCare payments
  • Stock rally continues following jobs report
  • The next recession: When, and why it will happen
  • Chinese customs clears some US goods as new tariffs take effect: sources
  • Amazon Prime Day 2018: How to score the best deals
  • Trump’s Supreme Court nominee will be ‘outstanding’: former clerk for Justice Scalia
  • Starbucks is officially going strawless
  • Twitter stock falls as company tackles fake accounts
  • This new game show will pay off your student loan debt
  • Economists understating US GDP
  • Will Elon Musk’s ‘kid submarine’ be used in Thai rescue?
  • War on straws: 5 eco-friendly alternatives to plastic
  • AT&T to overhaul HBO, add more original content: report
  • Trump feeds on the rage of opponents: Varney
  • Elvis, Beatles memorabilia items on display at Hard Rock
  • Twitter stock falls as company tackles fake accounts[overlay type]
  • Twitter stock falls as company tackles fake accounts
  • Why Advanced Micro Devices Stock Gained 59% So Far in 2018
  • How Pandora Media Inc. Shares Soared 63.5% Higher in the First Half of 2018
  • A solid first-quarter report was music to the ears of success-starved shareholders.

 

Today’s markets and stocks, at the closing bell…

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Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue7.9.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

It may surprise some to learn that a third-party research found that Fox News is roughly a 50-50 split on coverage that is for-or-against the president and Trump Administration policies.

Seriously?

While many Fox News and Fox Business hosts are pro-POTUS Trump, not all are.

Further, many of the shows feature panel discussion, where they bring in Democratic, or so-called RINO, and “never Trump” backers.

 

The video above is an example of a report that is largely negative about the Trump trade gambit. It isn’t until the very end of the video that you get a sense of why the president is taking this tactic in the first place.

The interview with Forbes’ Steve Forbes is also tentative about the issue of trade.

But there are voices in the business world that think that this is precisely the right strategy, and it is the right time, because there is a nice cushion fueled by more jobs, rising wages, lower taxes, more common sense regulations and the like.

Time will tell.  But as Marty Lavin, or CNBC’s Cramer have observed, the time is right for this battle. If not now, when will the U.S. stand up to China’s theft of intellectual property, or other problematic trade practices?

USChinaTradeWarManufacturedHousingIndustryDailyBusinessNewsMHproNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

7.9.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNews(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

Sunday Morning Weekly Recap Manufactured Housing Industry News, October 22 to October 29, 2017

October 29th, 2017 Comments off
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Featured image credit, MHProNews.

Tony, every week there is so much that happens, this [The Sunday Morning Headline News Recap] is an easy way for me to review the news, thank you for this [feature] and your team’s coverage of factory-built housing.

Our featured articles for September are available on the MHProNews.com home page.

FYI – and ICYMI if you aren’t already on our twice-weekly emailed headline news update, click here to sign up in seconds.

Thousands get our emails, and the open and click through rates – per MailChimp – blow away others in media and publishing.  The reason?  “Relevant!” said a regular on MHProNews.

To see the line-up of over 2-dozen featured articles for the month of September, along with the headline commentary, please click this link here.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

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What’s New On MHLivingNews

 

October 28th, 2017

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October 27th, 2017

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October 26th, 2017

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October 25th, 2017

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October 24th, 2017

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October 23rd, 2017

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That’s $36,000 plus shipping. While HUD Code homes are still a better cost per square foot, will growing demand reduce the price of such competitors? Isn’t that the lesson of production – more demand, more production, costs decline – with all products?

October 22nd, 2017

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Star Parker, Draining the Dodd-Frank Swamp

June 16th, 2017 Comments off

StarParkerCUREdrainingDoddFrankSwampFMNT97PostedDailyBusinessNewsMHProNews647Wikipedia says that, “Star Parker is an American syndicated columnist, Republican politician, author, and conservative political activist. In 1995, she founded the Center for Urban Renewal and Education (CURE), originally the Coalition on Urban Renewal and Education. In 2010, she was the unsuccessful Republican nominee for the United States House of Representatives in California’s 37th District.”

The manufactured home industry and its consumers are widely seen as having suffered since the enactment of the so-called Dodd-Frank reforms.  While the Seattle Times and CFED were among those who have defended Dodd-Frank as it is currently being enforced by the Consumer Financial Protection Bureau, the industry’s lenders have all had to pay a price for this well-intended, but nevertheless harmful regulation.

U.S. Bank, several other smaller lenders, UMH Properties and others have been among those who were forced out of the lending arena, not because they weren’t successful.  Rather, they say, it’s because the regulatory risks were too great for the relatively low volume of loans being done. See the interview and article, linked here.

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As one of our sources in Washington, D.C. tells MHProNews, Dodd-Frank isn’t the only problematic issue that faces the industry.  There is also to this point a failure by the Government Sponsored Enterprises (GSEs) to do a meaningful level of chattel or other lending on manufactured homes.

Nevertheless, Dodd-Frank has driven up costs, said Triad Financial Services President, Don Glisson, Jr. While they were able to adapt, consumers and businesses alike suffer from an otherwise depressed level of sales.

Against that backdrop are the thoughts of columnist and conservative pundit, Star Parker.

Parker on the Dodd-Frank “Swamp”

“…The 2,300-page Dodd-Frank Act was passed to fix what supposedly was broken in our financial system that led to the massive financial collapse in 2007,” says Parker, in a new column published on sites like GOPUSA and many others.

The potential economic impact of the sweeping reforms of the Financial CHOICE Act are as far reaching as anything going on in Washington today. But you probably haven’t heard about it.

The press is filled with news about Russia, James Comey, Jeff Sessions. Yet hardly anything about this. Why?”

What Parker doesn’t mention is that there is no evidence for collusion between the Trump campaign and the Russians, as several Democrats and every intelligence service head has stated, on the record.

Instead, she points to an article on the Wall Street Journal, and then says, “Guess Who’s Defending Dodd-Frank? The answer is the nation’s biggest banks.”

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Star Parker, credit, Wikipedia.

She continues, “The full title of the Dodd-Frank law is The Dodd-Frank Wall Street Reform and Consumer Protection Act. The website of the Obama White House explained the law as “Holding Wall Street Accountable.

It attributed the crisis to the major financial institutions in New York,” states Parker.

 

You would think those same institutions, the nation’s largest banks, would be unhappy about all the new regulations that they now have to live with.

But, as the Wall Street Journal points out, these same banks are defending Dodd-Frank and opposing the Republican reforms.

This is really about the “swamp” that this new Republican administration is supposedly now in Washington to drain.

The “swamp” is about Washington business “special interests” working with Washington political “special interests” to make law that makes them both happy.”

Parker points to another expert, and then tosses a thunder-bolt, “As American Enterprise Institute scholar Peter Wallison points out, the Dodd-Frank Act was not produced after a serious investigation about what really caused the crisis. It simply was an opportunity for Democrats to take advantage of the crisis for major expansion of government.

bank-vault-door-closed-creditflickr-creative-commons-MHProNews

In news, commentary, and analysis, MHProNews was alone among industry news sources saying weeks before the U.S. Bank closure of their MH Lending program, that low volume sales were a risk factor for the industry, along with the regulatory burdens caused by Dodd-Frank, and other federal, state and local policies.

Given this reality, Wall Street gladly worked with Democrats to build a new regulatory structure that would provide them a nice, new feathered bed.”

She draws to a close saying, “Unfortunately, the small community banks, whose market share is now shrinking because of the Dodd-Frank regulations, have always been a major source of loans to small business. The arteries carrying capital to the grass roots of America have been clogged. According to Wallison, and other economists, this is a major reason why our economy is growing so slowly.

The House has done its work to fix this problem with the Financial CHOICE Act.

Now its [sic] up to the Senate, including the 11 Democrat senators up for re-election in states carried by Donald Trump in 2016, to step up and do the nation’s business and pass these critical reforms.” ##

(Image credits are as shown above, and when provided by third parties, are shown under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News, MHProNews.com.

Zillow Group Study Reveals Trillions in Manufactured Housing Industry Opportunities

April 11th, 2017 Comments off
TrillionsInUSAffordableHousingNeeded

When you do the math from the recent Zillow study, and compare it to data from NAHB or NAR, there are trillions of dollars in affordable housing demand – and thus opportunities – in the next few years. Taxpayer subsidized housing programs won’t be able to cover that cost, but the proper approaches for using modern manufactured housing could.  Graphic credit, MHProNews.com/GraphicStock.

When life hands you lemons, make lemonade.

When the Zillow Group’s ™ recent survey of Consumer Homebuyer Trends tells you 92% of Americans aren’t considering a manufactured home – and only half of those who ponder manufactured housing actually purchase one – consider it a multi-million-dollar opportunity in your professional back yard.

Nationally, that means trillions of dollars in opportunities gaping before the HUD Code manufactured home industry in the next five years.

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RC Williams.

Recent reports by RC Williams on the Daily Business News point to the reality that entry-level housing sales reported by the National Association of Home Builders – and from the National Association of Realtors – documents the fact that sales are actually slipping under the $250,000 price point.

The cause isn’t lack of demand.

Rather, there’s not enough existing home inventory – or new builder inventory – at those price levels. That can results in bidding wars from buyers. It also means there are markets where there may be more real estate agents than there are houses for sale under $250,000.

Proof Tapping the Demand Can Be Done

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Tom Fath.

The case study linked below with millennial and third generation industry professional, Tom Fath, documents how that ‘yawn of the consumer market’ towards manufactured housing can be turned into demand yielding more well-qualified credit and cash customers. Their operation is growing at triple-digits annually – to understand how they’re tapping the market, see the video interview, linked here.

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Barry Noffsinger, photo credit, MHProNews. See Doing Good Pays, at this link here

A panel of manufactured home industry lenders – compromised of Credit Human’s Barry Noffsinger, Triad Financial Services’ Don Sharp, and Cascade Financials’ Mike Jones – confirmed to industry professionals at the 2017 Tunica Manufactured Housing Show that there’s a huge market, and some in the industry are successfully tapping into it.

But much more is possible.

MH Industry Leaders Believe It Can Happen

M.Mark.WeissJDPresidentCEOMHARRManufacturedHousingAssociationforRegulatorReform-creditManufacturedHousingIndustryDailyBusinessNewsMHProNewsMHARR’s President and CEO, M. Mark Weiss, JD, has told MHProNews that hundreds of thousands of manufactured homes could be sold annually, in a responsible and sustainable way.

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Sam Landy, UMH President and CEO.

High-flying UMH Properties President and CEO, Sam Landy, JD, has likewise told the industry that hundreds of thousands of new manufactured home sales annually could become the industry’s new reality – if regulators in Washington, DC get out of the way – and allow the industry and private investors to do their jobs.

Sunshine Homes owner and president, John Bostick has pointed out that factory home building in Japan – “the land of engineers” – is commonplace there.

Bostick also said that an operation like his could successfully double production in about 60 days, while maintaining high quality and

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John Bostick, president, Sunshine Homes, Red Bay, AL. For A Cup of Coffee with…John Bostick, click here.

customer satisfaction, hallmarks of his A+ BBB rated firm.

Bostick’s statements are noteworthy, because their firm is already growing at about double the pace of the industry at large. To learn more, click here.

HUD – Holdup or Partner?

DrCarsonInvitedTransformHUDManufacturedHomesEndorsingDonaldTrump-ManufacturedHousingIndustryDailyBusinessNewsMHProNews-Dr. Ben Carson,     President Donald Trump’s hand-picked Secretary for HUD, has signaled he sees the value of manufactured homes,” said manufactured home industry trade publisher, marketing and sales consultant, L. A. ‘Tony’ Kovach.

Dr. Carson has also said he sees the value of public-private partnerships. Vice President Mike Pence said the Trump Administration willenforce the law.” Kovach said, “All that sounds promising. Will the necessary changes be made at HUD to ‘drain the swamp’ of the manufactured housing program, so the industry and free markets can do its job?”

Doing so would create tens-to-hundreds of thousands of good jobs annually as new manufactured home shipments rise.  That in turn would reduce poverty, help inner cities, cut government deficits, while easing government subsidized housing challenges, Kovach and others say. To learn more, see link here.

HUD’s Swamp…

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Pam Danner, JD, HUD Code Manufactured Housing Program Administrator, credit, MHProNews

Kovach explained that Pam Danner, JD, isn’t the only fly-in-the-ointment there. According to what informed sources with years of ties to the HUD Code manufactured home program tell MHProNews, there are other internal road blocks at the federal housing agency.

For example, “Sources within tell us that HUD’s legal counsel has for years taken a position the polar opposite of what the Manufactured Housing Improvement Act of 2000 requires,” said Kovach.

l_a_tony_kovach__mhlivingnews__credit

L. A. “Tony’ Kovach.

Meanwhile, NIMBY, BANANA, and zoning officials – who are either ignorant, or who deliberately ignore federal law – are contributing factors causing the affordable housing crisis.”

The acronym NIMBY means “Not In My Back Yard,” while BANANA means “Build Absolutely Nothing Anywhere Near Anything.”

The Daily Business News has tracked the various issues within and outside of manufactured housing for years, all of which are slowing the industry’s obvious ability to be the solution to a crisis that subsidized housing tax dollars alone can never hope to solve.

Real estate agents, conventional house builders, local or state public officials, investors, Dr. Carson and the Trump Administration – all of these are potential allies for manufactured housing,” Kovach said. “As more forward-looking MH Industry professionals take the needed steps, the potential to tap into trillions of dollars in opportunities in the next 5 years grows.”

We know the roadmap! How many more industry pros will commit to the necessary steps to program, chart and follow the course?”

ZillowGroupHousingTrendsReportManufacturedHomeLivingNewsLakelandListing

Using the Lakeland, FL Metro average of $106 per square foot, the $54.42 per sq ft for the home listed on Zillow on the collage above is a bargain. Image credits and data on the right, Zillow, and are shown under fair use guidelines. Image credit of the woman at the left, MHLivingNews/GraphicStock.

A Deep Dive Into Consumer Housing Desires

The first look at the Zillow Group’s ™ insightful report – including added insights from Noffsinger – along with a video of a couple who were previously skeptical of “trailers,” owned a conventional house – and who now proudly own a manufactured home – are all linked here. ##

(Image credits are as shown above.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Related – Should HUD Secretary, Dr. Ben Carson, have the MH Program follow the law, and enforce preemption?

Submitted by Soheyla Kovach to the Daily Business News on MHProNews.com.

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.)

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RC Williams, for Daily Business News, MHProNews.

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

Distinguished Speaker Line-up Set for Credit Union Congressional Caucus

September 4th, 2015 Comments off

natio_asoc_fed_credit_unio_nafcuThe National Association of Federal Credit Unions (NAFCU) Congressional Caucus is the association’s credit union lobbying event of the year, bringing hundreds of credit union representatives from all across the country to meet with lawmakers and earn about legislation that may affect them and their members.

The Congressional Caucus sponsors include Triad Financial Services, NAFCU Services Corporation, MasterCard, CUNA Mutual Group, FHLBank Atlanta and Geezeo, as cuinsight informs MHProNews.

Speakers for the event, set for Sept. 14-17, 2015 in Washington, include Sen. David Vitter, (D-LA), a member of the Senate Banking Committee and chairman of the Small Business and Entrepreneurship Committee; Rep. James Clyburn (D-SC), assistant democratic leader of the House; Rep. William Lacy Clay, (D-MO) a senior member of the House Financial Services Committee and the ranking member on the Financial Institutions and Consumer Credit Subcommittee; Rep. Krysten Sinema, (D-AZ), a member of the House Financial Services Committee and lead democratic co-sponsor of NAFCU-backed H.R. 2287, the “National Credit Union Administration Budget Transparency Act,” and National Credit Union Administration (NCUA) Director of the Office of Consumer Protection Gail Laster.

In addition speakers will also include Rep. Patrick McHenry, (R-NC), the U.S. House Chief Deputy Majority Whip and vice chairman of the House Financial Services Committee; and Maria Contreras-Sweet, administrator of the Small Business Administration. ##

(Image credit: National Association of Federal Credit Unions)

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

The Greenback Boogie – CFPB’s Manufactured Housing Appraisal Rule hits July 18, 2015

July 2nd, 2015 Comments off

cfpb-parody-logo-credit-plus1properties-cartoon-credit-MHProNews-com-(c)2015-all-rights-reserved-“The manufactured housing industry’s professionals are racing to contort themselves into yet another new shape to fit their federal masters.” So sayeth a company official off-the-record to MHProNews, as the new Consumer Financial Protection Bureau (CFPB) appraisal rules hits home on July 18th, 2015. 

State associations and the Manufactured Housing Institute (MHI) have been busily attempting to prepare their members for the implementing of these rules.  But as another industry manager said, “Only a small fraction of the manufactured housing industry’s members have been at a meeting where these appraisal related rules are being discussed.  Many companies remain entirely outside of any association affiliation.  How will they possibly all be prepared in time?  How can there not be some adverse impact of the [CFPB] rules on manufactured housing sales?” 

While the off-the-record comments are often dark, the on-the-record public statements of lenders, NADA and DataComp – who will all be front-and-center in compliance – suggests a higher degree of confidence.   The links below are to official statements by 21st Mortgage and Triad Financial Services, two of the major MH industry’s chattel (home only, or personal property) lenders. 

21st Mortgage’s Statement on the new CFPB Appraisal Rules

Triad Financial’s Don Sharp’s Statement on the upcoming July 18 CFPB Appraisal Rules

The third link is to a somewhat different topic, but also connected with the issue of appraisals.  Cody Pierce, President of Cascade Financial Services – an FHA and VA manufactured home lender –  explains why a percentage of loans fail to meet appraisals.

About Appraisals on FHA and VA Land Home Sales

MHProNews will continue to track and deliver updates on the critical finance-related regulatory and other issues that impact Manufactured Housing. In the mean time, why not share your views on these new rules with your Congressman or Senator? A sugestion on how, linked here. ## 

(CFPB logo parody credit  plus1properties; cartoon credit MHProNews © 2015)

l-a-tony-kovach-daily-business-news-mhpronews-Daily Business News brief submitted by, L. A. ‘Tony’ Kovach.

Conference to Focus on Manufactured Housing Lending

September 25th, 2013 Comments off

The 2013 Western Housing Conference will be held at the Radison Fort McDowell Casino in Fountain Hills, Arizona Nov. 7 and 8. The program will feature leaders in manufactured housing lending. Tim Williams of 21st Mortgage Corporation will keynote the conference Thurs. night speaking on the Preserving Access to Manufactured Housing Act now before Congress. Friday’s Dodd-Frank lenders panel will include Williams; Craig Cox of U. S. Bank MH Finance; Don Glisson, Jr., Triad Financial Services; Ryan Howerton, 21st Mortgage Corp.; Cody Pearce, Cascade Financial Services; and Brad Waite of Land/Home Financial Services. Other presentations will deal with specialty and community lending, as MHProNews has learned. For more information, please contact the Arizona Housing Association at info@arizonahousingassociation.org.

(Photo credit: Trulia–Arizona manufactured home)