Posts Tagged ‘vice president’

Manufactured Housing Institute VP Revealed Important Truths on MHI’s Lobbying, Agenda

November 28th, 2017 Comments off

ManufacturedHousingInstituteLogoMHILogoShadowDailyBusinessNewsMHProNewsHindsight is 20/20.

This may be seen as one of the larger, most consequential reveals in the manufactured housing (MH) industry of 2017.

What Frank Rolfe told Inside MH viewers on MHProNews about the odds against passing Preserving Access in 2015 was actually acknowledged by a previous vice president of the Manufactured Housing Institute (MHI).

The statement was made on-the-record, directly to MHProNews, and on behalf of MHI.

The surprising admission by the MHI VP clearly contradicted much of what MHI was telling its members and the industry for the next three years.

Given Democratic gains in the House and Senate, it is not widely anticipated that Obama will seek to strike a conciliatory mood with Republicans on fiscal issues, or on issues related to a softening of Dodd-Frank,” said Jason Boehlert in an statement to MHProNews.

Boehlert, was the prior Government Relations (GR) VP, before current SVP Lesli Gooch, Ph.D. The context of Boehlert’s comments was the time frame in the aftermath of the 2012 re-election of President Barack Obama.

JasonBoehlertManufacturedHousingInstitueMHIVPGovtAffairsManufacturedHousingIndustryDailyBuisnessNewsMHProNewsBoehlert’s statement on behalf of MHI then said a few paragraphs later that MHI’s plan would be as follows. During the lame duck session, MHI will be working to pass legislation (H.R. 3849 and S. 3484) reforming portions of the Dodd-Frank and SAFE Acts.“  Those were the bill numbers for earlier versions of Preserving Access to Manufactured Housing Act


How did so many thousands of MH Industry professionals miss this revelation that was hiding in plain sight?” L. A. ‘Tony’ Kovach, publisher of MHProNews said, applying that statement to himself as well.

We trusted MHI then,” but, “time and the many revelations about MHI and its often errant communications of the past couple of years should place Boelert’s comments in its clear meaning. Too many of us in the industry and as members were trusting. But in hindsight, Boelert said it himself.”

The MHI bill was never going to happen.

Time for MHI to Use Secretary Clinton’s Comment?



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True MHI believers may shrug and say – as did Secretary Clinton at her infamous Benghazi hearing – “What difference, at this point, does it make?”

 Just as those who bled, died and cried over Benghazi said, “plenty,” so too is this revelation.

 That written comment was never retracted or corrected. It would, sources say, have to be okayed by higher ups before being sent to MHProNews.

 Logically MHI’s leadership:

    Knew their multi year effort for Preserving Access was doomed to fail,

   Should have known, based upon the logic of Boehlert’s statement, shown again in the graphic below (Note: Boehlert was later promoted to SVP).


To see Boehlert’s full statement click the image above.

  1. If MHI leaders knew, then weren’t they deceiving their own members – and through them, the rest of the industry – on their ability to pass Preserving Access?
  2. And if they didn’t know, did they fail to think through the logic of Boehlert’s statement? 

As a reminder, Richard “Dick” Jennison promised passage of Preserving Access to MH Industry members in 2015, during his address to industry members in Louisville in 2015.


Photo of Dick Jennison at the session where he promised industry members that Preserving Access would be passed, ‘but we need your help.’ VP Jason Boehlert’s analysis made it clear, that wasn’t happening. What kind of promise did Jennison make?


MHI continues to be silent on this an all the other allegations, perhaps hoping it will blow over.

As the Daily Business News exclusively reported, their is word that Frank Rolfe, a member critical of MHI on such matters, has likewise decided to go silent.

Study Recommending New Manufactured Housing Association for Independent Retailers, Communities, Lenders, Others Released

Thus, the call for action outlined above, and added insights on this Dodd-Frank, Preserving Access related topic is linked cartoons below.


As the allegations and concerns about MHI continue to mount, another look at what Warren Buffett said about habits and history, are linked below.

“Perverse”–Warren Buffett-Dodd-Frank, CFPB, Manufactured Housing, Loans, Independent Businesses Fact Check$

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

NOTICE: to sign up for our industry leading emailed headline news updates in seconds, click here.

(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




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

October 29th, 2017 Comments off

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 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.”  ©


What’s New On MHLivingNews


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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

Technical Institute Looking to Modular Student Housing

July 4th, 2017 Comments off

MilestoneEnergyServicesCost-effective housing today is a growing problem for employers and educational institutions alike.

Google recently announced their plans to turn to modular construction to help ease their employee housing crunch.

Now, Western Dakota Technical Institute (WDTI) is turning to modular building for on-campus living for the first time.

WDTI is the only one of the state’s four technical colleges that doesn’t have on-campus housing, says the Rapid City Journal.

Affordable housing is a big issue in Rapid City and a big issue for our students,” said Brian Watland, the institute’s vice president for finance and operations.

BrianWatlandWesternDakotaTechInstiutteVPFInancePostedDailyBusinessNewsMHProNewsMilestone Energy Services approached the institute with what amounted to a man-camp proposal, repackaged for student housing.  Each completed housing unit has six bedrooms, completely furnished with desks, beds, and cabinetry.


Image credit, floorplan by Milestone Energy Services, per their website. This may or may not be the final design used, and is shown for illustration purposes.

That’s all the way down to the silverware, the linens and everything else,” Watland told the school board.


Photo by Milestone Energy Services, per their website.

Details are yet to be worked out.  Milestone Energy Services has provided modular homes to corporations like Halliburton and others in the crude oil industry. ##

ICYMI – Google’s modular housing story is available at this link or by clicking the image below.


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

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for

Senior Staff Shakeup at the Manufactured Housing Institute (MHI)?

June 23rd, 2017 Comments off

LoisStarkeyFormerlyVPManufacturedHousingInstituteRichardADickJennisonPresidentCEOMHIDailyBusinessNewsManufacturedHomeIndustryReportsResearchDataMHProNewsMultiple sources tell MHProNews that two “senior staff” members have been “fired” from the Manufactured Housing Institute (MHI).

Lois Starkey – former Vice President of Regulatory Affairs – with MHI, and Tom Heinemann – previously the Vice President of Federal Government Affairs at MHI – are both gone.

Their names have been removed from the staff directory.

MHI, when asked to comment on the matter, did not formally respond.

They failed to formally respond, even after it was pointed out that the names were not on the directory any longer.

This latest incident harkens to Frank Rolfe’s comments about MHI and their practice of lack of response to media.


Others call it MHI’s “secrecy.” A long-time MHI member told the Daily Business News today he was unaware of the shakeup, but that source referred to themself as  “now an outsider,” not ‘an insider,’ with respect to the Arlington, VA based trade association.


Credit, LinkedIn, today’s date.


Tom Heinemann’s LinkedIn page, this date.

Institutional Memory?

Where’s the institutional memory now at MHI?” an MHProNews source quipped.  Starkey was the most senior person listed with a vice president or above title.


From Lois Starkey’s LinkedIn page today. Ann Parman would have several years with the organization, but is technically part of MHEI, an educational affiliate.  

Was Gooch Behind the Terminations?


Lesli Gooch. Credit: MHI.

Another source told MHProNews that Lesli Gooch, Ph.D. and a ‘Senior Vice President’ at MHI wanted the terminations.  Allegedly, she got them.

When asking a well placed party to confirm that claim, the Daily Business News was told that “I don’t know, but I wouldn’t be surprised.”

Additional reporting will follow this shake up as more facts and insights develop. ##

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

By L. A. “Tony” Kovach, managing member, LifeStyle Factory Homes, LLC, dba and

Security Mortgage Group Finances $40,853,000 for Communities in a Week

January 6th, 2017 Comments off

This community photo, logo and other images from the Security Mortgage website are the property of that firm, and are provided here under fair use guidelines. Text graphic and collage by MHProNews.

Security Mortgage Group – a national award-winning MH Community lending broker – provided $40,853,000 in financing for several manufactured home communities nationwide, the Daily Business News has learned.

Managing Director, Gerard D. DiMarco, Jr., secured financing for a portfolio of Manufactured Home Communities & Apartments – located in Newark, NY – with a total loan of $4,425,000.


Gerald DiMarco Jr, Managing Director, Security Mortgage Group. This photo and other images from the Security Mortgage website are provided under fair use guidelines.

The non-recourse loan featured a long-term fixed rate for a repeat client, DiMarco told MHProNews.

Anthony J. DiMarco, the firm’s other Managing Director, recently secured financing for a repeat client’s 240-site three Manufactured Home Community Portfolio totaling $5,570,000 in loan proceeds.

Anthony DiMarco also secured financing for the 124-site Royal Oaks Mobile Home Community in Dallas, TX with a loan of $2,775,000.





Anthony DiMarco, Managing Director, Security Mortgage Group. This photo and other images from the Security Mortgage website are provided under fair use guidelines.

Anthony DiMarco negotiated refinancing for the 204-site Rock Oak Central MHC in Clarence, NY with a $5,678,000 loan; the 229-site Sun Lake Estates MHP in San Angelo, TX with a $4,240,000 loan; the 386-site Northtowne Meadows MHC in Erie, MI with a $12,750,000 loan and finally a 185-site mobile home park in Richmond, KY with a $3,900,000 loan.

The Daily Business News learned that each of the above non-recourse loans were for repeat clients of the firm.

Pierce Redmond, Security Mortgage Group Vice President, helped negotiate refinancing for the 96-site Blue Jay Lane Mobile Home Park in Pennellville, NY with a $950,000 loan.


The firm arranges financing and refinancing on a wide range of community types, various scenarios, and loans sizes. Image credit, Security Mortgage Group.

PierceRedmonVPSecurityMortgageGroupManufacturedHousingCommunityIndustryFinancingReFi-postedDailyBusinessNewsMHProNews-Redmond also secured a $565,000 loan for the 69-site Spring Valley Mobile Home Community in Capac, MI through the firm’s small loan program.

The Security Mortgage Group website says they are a premier national lending source for Manufactured Home Communities, and a four-time recipient of the “Manufactured Home Community Lending Broker of the Year” award given by the Manufactured Housing Institute.

The company is well known for their annual dinner in Las Vegas; for a previous photo report on that event, click here. ##

(Image credits are as shown above.)

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

Discrimination? Was a Limited MH Loan Approval Legal? MHProNews Investigates

August 12th, 2016 Comments off

Image credit, MHProNews. © 2016 All rights reserved.

A manufactured home retailer recently contacted MHProNews on condition of anonymity, with a very specific concern about the validity of a loan approval. The loan in question was made with restrictions by the lender on a manufactured home (MH) shopper. The applicant reportedly was a senior citizen, the consumer was qualified and while the (MH) loan was approved, the retailer asked the lender – why was the loan term so short?

The lender’s representative replied that they are permitted to shorten the loan term, based upon an actuarial table – a reasonable life expectancy for a prospective consumer’s loan.

First the retailer, and then another party with a related concern, contacted MHProNews, asking us to look into the issue. Their concerns were documented and forwarded. Was this age discrimination, or was this a lawful practice?  MHProNews contacted informed parties to better understand all sides of this issue.

The legal question revolves around ECOA – The Equal Credit Opportunity Act. Here’s the key part of the lender-in-question’s reply to the MH retailer. Quoting:

IRS Life Expectancy Table

We run an IRS Life Expectancy Table on all of our loans that dictates the maximum term we can offer a customer. Based on the Applicants date of birth, the max term permitted by the IRS Life Expectancy Table is 81 months.  We cannot extend the term beyond the term provided.”



Screen capture of lender’s reply to the retailer who raised this issue.

Based upon the above and the age of the applicant, the documentation provided by the lender to the retailer reflected that the loan term offered was just under 7 years.

MHProNews then asked a number of manufactured home lenders not involved in the transaction about this concern over possible age discrimination, based upon a shorter than normal loan term for an otherwise qualified applicant. Here is what we learned.

An MH Compliance Officer’s Take 


Danielle C. Howard, Vice President, Chief Compliance Officer, Triad Financial Services, photo credit, LInkedIn.

While you cannot discriminate solely on age, you can take age into consideration with respect to other underwriting criteria, for example income,” said Danielle C. Howard, Vice President, Chief Compliance Officer, Triad Financial Services.

Howard explained that If the borrower’s income were to only continue for the next 15 years you could use that to determine you did not want to extend a 30 year mortgage because they would not have the income to repay it.

Howard provided the Daily Business News  some additional information, which are linked below and here as a download. Examples of the information provided, from ECOA guidelines and third party guidance include the following.


Screen Capture from attached download on ECOA guidance to lenders.

However, that same document, also provided the following additional insight, which a lender could apply to this or a similar case.


Screen Capture from attached download on ECOA guidance to lenders.

Further, the ECOA guidance stated:


AgeOnlyNot OKCreditMayTakeCollatoralOtherFactorsECOAguidanceAgeDiscrimination-postedDailyBusinessNewsMHProNews

Screen Capture from attached download on ECOA guidance to lenders.

MHProNews  hereby notes that this article doesn’t purport to give any specific legal guidance.

Some Yes, Some No…

What the documentation and replies from various lenders revealed is that there seems to be a fine line, and that a reasonable argument can be made that allows for the lender involved to do precisely what they did.

There are also one-or-more MH lenders who stated off-the-record that they would not use age in this fashion, if the customer qualified, they would make the loan under their normal underwriting terms and conditions.  An example is the quote that follows.

I treat an 85 year old just like a 21 year old. This is a touchy subject. I am told that you can take the average life expectancy and use it to deny and or shorten the terms of a loan request. I have not tested this and don’t intend too. I know some lenders do and feel comfortable with it.

In most cases these older borrowers come in with a pretty good sized down payment (normally as the result of selling a home)  and take care of their home. There is an attitude with some that want to buy a home with the minimum down knowing that they will not survive the mortgage and don’t care.”

So there are lenders that are willing to make such a loan, but a common view among professionals is that it could be done just as the lender stated to the retailer.

It should be noted too that some lenders will have a larger down payment requirement or tougher credit standards to begin with. All of these are factors involved in assessing the risk and making – limiting, or declining – a loan.

The Bigger Picture Involved


To learn more about the U.S. Bank closure, click here. Image credit, WikiCommons, text added by MHProNews.

In the current over-regulated environment that exists since the passage of Dodd-Frank and the Consumer Financial Protection Bureau (CFPB) onerous and harmful implementation of the act, and their director’s testimony to Congress that demonstrates a remarkable ability to ignore those facts that harm consumers and lenders alike, lending has demonstrably been driven out of the marketplace.  U.S. Bank is one prime example of a lender that had a successful loan program, a profitable one.

Yet because of the

have left the marketplace due to the high costs and risks of litigation and compliance.

Given that reality, would it be wise for a retailer or community to push a discrimination argument on a relatively uncommon issue, knowing that it might create a cascade effect that would end up driving yet another HUD Code chattel (Personal property, home only) lender from the business?

No One Condemned The Practice

While some privately acknowledged that they might have approached this loan differently, without all of the facts of the file in front of them, no one would condemn or seriously question that lender’s decision.

All current “national” or even regional MH lenders today have compliance officers who are tasked with making sure that no discrimination of any type takes place.

Based upon the information available, and given the many outlined variables, it seems reasonable to give the lender in question the benefit of the doubt. ##


Frank Griffin, Daily Business News, MHProNews.

Submitted by Frank Griffin, Daily Business News, MHProNews.

Modular Builder Hires Pete Murray as President

June 16th, 2015 Comments off

pete_murray_prez_and_coo_of_guerdon_june_2015Guerdon Modular Buildings of Boise, Idaho has hired Pete Murray as president and chief operating officer (COO) as the company continues its growth in the western U. S. market, building modular multi-housing developments, reports idahobusinessreview. Murray has been vice-president of western manufacturing operations for Welch Allyn, a medical device maker in Oregon.

Commercial modular construction has been considered a niche approach, but as developers, architects and contractors recognize the value of the process over traditional construction techniques, modular is becoming mainstream,” said Lad Dawson, CEO of Guerdon

As MHProNews reported May 7, 2015, Guerdon was recently honored by the Modular Building Institute’s 2015 Awards of Distinction as best-in-show for its 444 luxury Domain apartments in San Jose, California. ##

(Photo credit:idahobusinessreview-Pete Murray)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business Review-MHProNews.

Passages: Dee Greiner

June 11th, 2015 Comments off

dee greiner  thecabin  credit obitLong-time veteran of the manufactured housing (MH) industry, Dee Greiner of Conway, Arkansas passed away in her home June 9, 2015. She began her MH career with Barcraft Industries in 1967, and in 1972 joined the staff of Castle Industries, becoming vice-president. In 1986, according to thecabin, she co-founded Prestige Housing, which later became Spirit Homes. She served many years on the board of the Arkansas Manufactured Housing Association (AMHA), and became its chairwoman in 1991. In 1998 she was inducted into the AMHA’s Hall of Fame. MHProNews sends its deepest sympathies to her family. ##

(Photo credit: thecabin-Dee Greiner)

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

Freddie Mac securitized financing for Manufactured Home Communities

December 2nd, 2014 Comments off

Freddie Mac LogoMitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets said: “We are proud to announce our first ever K-Deal that includes a loan backed by a manufactured housing community asset.”

MHProNews  has learned from Marketwired  that the non-recourse loans use Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities. The Government Sponsored Enterprise (GSE) expects to do 1.1 billion in K Certificates (“K-041 Certificates”). They will be priced the week of December 1, 2014. Settlement is expected around December 16, 2014.

In addition Resnick said: “Freddie Mac’s new MHC offering was announced earlier this year and is already bearing fruit. By adding MHCs to our loan products, we are bringing new liquidity and needed competition to the MHC space. Many of these communities are an important source of affordable housing in their markets.”

Among the factors considered in the loan, per Freddie Mac’s website, are:

  • The percentage of homes owned by the borrower, borrower-affiliate, or third-party investor cannot exceed 25% in aggregate.
  • Homes must conform to the requirements of the federal Manufactured Home Construction and Safety Standards Act of 1974 (HUD Code Standards).

The K-041 Certificates are available via a syndicate led by Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as co-lead managers and joint book runners. Barclays Capital Inc., Guggenheim Securities, LLC, Morgan Stanley & Co. LLC and Stern Brothers & Co. will serve as co-managers. ##

(Logo credit: Freddie Mac)

joseine-josie-thompson-writer-daily-business-news-mhpronews-com50x50-Article submitted by Josie Thompson to – Daily Business News – MHProNews 


Lippert Appoints Hess to New Role in Chassis Division

September 11th, 2013 Comments off

With a background in law and engineering, Brian Hess has been chosen as the Chassis Division Product Manager at Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. (NYSE:DW). In this new role within the chassis division, Hess will work closely with customers and the research and development team to take on new challenges. According to, LCI Vice President of Sales Andy Murray says, “Brian’s ability to build strong relationships with customers and his creative flair make him ideal for this new position. He understands the needs of the industry and will work with our teams to provide fresh, new products to fill those needs.” MHProNews understands that Lippert and its sister company, Kinro, Inc. make a variety of components for the manufactured housing and recreational vehicle industries.

(Image credit: Lippert Components, Inc.)