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MHI sent a letter to the Federal Reserve Board regarding a requirement that all "higher priced loans," including personal property loans, must have escrow accounts. Click here to view the letter. As the letter points out, the lack of a unified, systematic process for the collection of taxes among local governmental entities will force lenders to cease providing manufactured housing personal property loans. In light of these and other compliance difficulties, MHI requested that personal property loans for manufactured homes be exempt from the escrow requirements. Thanks go to Don Glisson of Triad Financial Services, Inc. who shared with MHI a similar letter sent by the Independent Community Bankers Association relating to the escrow issue.

Source: MHI Newswire

Daily Business News Briefs

Manufactured housing builder Nobility Homes Announces a 14 Percent Increase…

Manufactured housing builder Nobility Homes Announces a 14 Percent Increase in Sales for FY 2014

There is good news in the announcement from a veteran manufactured housing industry builder. Nobility Homes, Inc. (OTC MKTS: NOBH) of Ocala, Florida, announced that sales and earnings for its fiscal year that ended November 1, 2014, increased 14 percent to $21,152,259 as compared to $18,525,950 in 2013. Terry Trexler, Nobility’s President,...

20 Dec 2014

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Allegedly Disguised Flood-Damaged Homes Elicit New Laws that may undermine …

Allegedly Disguised Flood-Damaged Homes Elicit New Laws that may undermine MH

The devastating floods of 2013 in Colorado left many manufactured homes (MH) in unlivable condition, or so the owners thought. However, some of them were allegedly improperly ‘repaired’ and sold, and then began appearing in MH Communities (MHC) in other Colorado cities. After the flood, when one elderly couple returned to their home to...

19 Dec 2014

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SUN hits new high, Day 3 of Yellin’s Christmas Gift to Markets

SUN hits new high, Day 3 of Yellin’s Christmas Gift to Markets

Sun Communities hits a new high, while many other MH related stocks struggled today. The markets continued to surge ahead in what historians may someday call the Yellin Rally. The week started down, down…but finishes, up, up and away…let’s hope the balloon doesn’t burst. This is your last weekend for Christmas shopping,...

19 Dec 2014

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Upscale Urban MODs bring Retro exterior to NY Neighborhood

Upscale Urban MODs bring Retro exterior to NY Neighborhood

Chalk up another accomplishment for modular housing. An upscale housing development is being constructed in Ithaca, New York, consisting of three different styles which have exteriors reminiscent of the homes our grandparents lived in.  When completed, this will be an environmentally sustainable neighborhood of 29 historically inspired homes ...

19 Dec 2014

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Alpha Touts Manufactured Home Communities for Healthy Boomers are Becoming …

Think that investing in a “senior” community means assisted living or nursing care? Think again. Many of today’s seniors are fit and healthy and living an active lifestyle. Many live in country-club-like manufactured home communities (MHCs) that feature pools, fitness facilities, game rooms, shuffle board, and assorted other amenities that appeal t...

19 Dec 2014

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FHFA’s Conservatorship of GSE brings charges of Illegalities and Strong Cri…

FHFA’s Conservatorship of GSE brings charges of Illegalities and Strong Criticism

Many people in businesses related to the U.S. housing industry feel that reform of U.S. housing finance is essential to avoiding another financial crisis. In an article published in American Banker, former FDIC counsel Michael H. Krimminger said that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, remain wards of the...

19 Dec 2014

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San Fran going MOD…modular building poised to help area’s housing

San Fran going MOD…modular building poised to help area’s housing

San Francisco, California is about to discover the benefits of modular housing. The need for new housing in that area is acute and rents are increasing rapidly due to scarcity of housing units. Fortunately, several new modular projects are in the works that will help to alleviate this situation. San Francisco Business Times’  Cory Weinberg ...

18 Dec 2014

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SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Rec…

SKY Rises! Christmas Early, Yellin’s Gift Keeps Giving, 3 Year-Best Day Record

Skyline Corp. out performed the broader markets today. Manufactured home communities and building generally did well too. CBS News  called Yellin’s announcement yesterday a holiday gift. Well, investors jumped at that present and the Dow had its best single day in 3 years, with the best 2 days all year in the aftermath of the […]...

18 Dec 2014

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Skyrocketing Rents are Creating Opportunities for Manufactured Housing

Skyrocketing Rents are Creating Opportunities for Manufactured Housing

In most major U.S. housing markets, owning a home has become even cheaper than renting one. Trulia’s Chief Economist, Jed Kolko tells MHProNews  their research has found that buying is 38 percent cheaper than renting in all of the 100 largest metropolitan areas. This study took into account all costs associated with buying or renting over [...

18 Dec 2014

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IBTS Appointed to HUD Manufactured Housing Dispute Resolution Program

The Institute for Building Technology and Safety (IBTS) announced this week their appointment to HUD’s Manufactured Home Dispute Resolution Program. Through the program, IBTS will enable citizens to exercise their rights related to manufactured home quality issues. On October 7, 2014, IBTS, principal subcontractor to the Savan Group, LLC, p...

18 Dec 2014

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32 Million not enough? MHC Residents Lose Battle to Remain or Collect

32 Million not enough? MHC Residents Lose Battle to Remain or Collect

Residents of the De Anza Cove Mobile Home Park at Mission Bay in San Diego, California, are preparing to move on. According to a report on SanDiego6, a $32 million settlement was reached for a legal dispute lasting 35 years between residents and the City of San Diego.  City officials are glad it’s finally over. […]...

18 Dec 2014

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Featured Articles and Reports - December 2014 Vol. 6 No. 3

Prev Next Page:

Privacy Rights and Contacting Family – what's legal for Manufactured Housin…

Privacy Rights and Contacting Family – what's legal for Manufactured Housing Professionals?

by Nadeen Green, JD So many of you who manage communities in the manufactured housing sector want to “do it right” whatever “right” may mean. Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Writ Petitions and Administrative Records - at What Cost?

Writ Petitions and Administrative Records - at What Cost?

by C William Dahlin, JD Our modern world has created a framework where many factual and legal decisions are made by administrative agencies. This is true at the state and federal... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Is My Park Manager an Employee or an Independent Contractor? If They're an…

Is My Park Manager an Employee or an Independent Contractor?  If They're an Employee, Can I Pay them a Salary vs. Hourly Wages?

by Kurt Kelley Many park owners ask me whether they should set up their park manager as an employee or as an independent contractor (a “contractor”). Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Cyber Crime and Cyber Liability for Manufactured Home Communities and Retai…

Cyber Crime and Cyber Liability for Manufactured Home Communities and Retailers

by Kathleen Bianculli There’s been a lot of talk about cyber-crime over the past few years and the question of need for cyber-liability coverage. Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Road to Success Pass through the fast-approaching 2015 Louisville Manuf…

The Road to Success Pass through the fast-approaching 2015 Louisville Manufactured Home Show! Updates!

by Dennis Hill and Ron Thomas Sr. The Louisville Show is sort of a microcosm of all that’s available out there, and as you look over the new homes of varying... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Perceptions, Codes and changing Energy Demands – An Opportunity for Factory…

Perceptions, Codes and changing Energy Demands – An Opportunity for Factory-Built Homes to Leap Ahead?

by Steven Lefler Most people understand a code as a minimum set of regulations and rules of procedures or conduct. The definition of a dwelling is a building or place of... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with...Steve Adler

A Cup of Coffee with...Steve Adler

1) Who, What and Where: (Your name and your formal title at Murex Properties). Steven P. Adler, President & CEO of Murex Properties, LLC. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

300 Hours - Revisiting Green Courte Partners Chairman Randy Rowe's 5 Point…

300 Hours - Revisiting Green Courte Partners Chairman  Randy Rowe's 5 Point Plan for Manufactured Housing

by L. A. “Tony” Kovach How does manufactured housing capture more of the $1 trillion dollar annual U.S. housing market? To answer that question and to point the way for locations... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Too Big To Succeed The Bi-Partisan Problem with Big Government and MH

Too Big To Succeed  The Bi-Partisan Problem with Big Government and MH

by L.A. "Tony" Kovach We hear about too big to fail, what about too big to succeed? Quality, green, affordable homes are a growing necessity in America. Our factory-built homes industry should... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Who Tells Our Industry's Stories? Videos, Visuals and Verbiage can Sell M…

Who Tells Our Industry's Stories?   Videos, Visuals and Verbiage can Sell More Manufactured Homes

by L A. 'Tony' Kovach Industry expert and community owner, Marty Lavin, JD has made the point that the mainstream media is telling our story on a daily basis. Where are... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Wake up the Sleeping Housing Giant! Getting Realtors ® and Developers to d…

Wake up the Sleeping Housing Giant!  Getting Realtors ® and Developers to do more MH

by L. A. 'Tony' Kovach Realtors ®! We as an industry could collectively sell tens-or hundreds-of-thousands of more manufactured and modular homes per year by getting more Real Estate agents to... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Will Cable and Broadcast TV both Vanish by 2030?

Will Cable and Broadcast TV both Vanish by 2030?

by L. A. “Tony” Kovach The CEO of Netflix thinks that by the year 2030, cable TV could be dead and gone. While that may seem extreme to some, BetaBeat states, “But... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Honoring Small Business, President Obama and MHI's President

Honoring Small Business, President Obama and MHI's President

by L. A. "Tony" Kovach The New York Times headlines reads, “Honoring Small Business, Obamas Go Book Shopping.” The photo below shows the good optics of this, and this hits many... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

If you want to lead, you have to master self-leadership

If you want to lead, you have to master self-leadership

by Tim Connor, CSP I am amazed at how many people in positions of leadership can’t even lead themselves effectively, consistently or with integrity. It doesn’t matter whether it’s your local... Read more

MANAGEMENT

What are you doing different in 2015?

What are you doing different in 2015?

by Tim Connor, CSP What can a lost sale cost you in sales revenue and personal income? Do you want to sell more in 2015 than you did in 2014? There... Read more

MANAGEMENT

ZigOn The Ten Commandments

ZigOn The Ten Commandments

by Zig Ziglar There seems to be a number of contradictions in our society. We are inundated with statistics proving that crime is decreasing. Their are claims the economy getting better,... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Sales Tip - Promise a lot and deliver more?

Sales Tip - Promise a lot and deliver more?

by Tim Connor, CSP Many salespeople make a lot of promises or benefit statements while trying to sell a new prospect or existing customer. The assumption these salespeople often erroneously make... Read more

SALES

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Gala New Years Eve Celebration to Benefi…

Gala New Years Eve Celebration to Benefit RV/MH Hall of Fame

ELKHART, Ind., -- Jeff White, vice president of operations for the RV/MH Hall of Fame and the Northern Indiana Event Center, invites everyone to celebrate the new year at a festive 2014 New Years Eve Celebration at the Northern Indiana Event Center in Elkhart onWednesday, December 31. The upscale casual party begins at 7:30 p.m., with live dance music performed by the popular local band, Mulligan's Island.  A DJ, photo booth and a the live broadcast from Times Square for the ball drop are also being provided by D&T Productions.. The bill of fare includes appetizers, an Italian-style buffet, dessert, late night snacks and a champagne toast at midnight, all prepared by locally owned Rulli's Italian Restaurant.  White said, "We'll even accommodate party-goers who have special dietary requests such as gluten free, vegetarian or other...

the MHMSM Team 16 Dec 2014 Corporate Press Releases

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More than $350,000 Already Pledged M…

More than $350,000 Already Pledged     Manufactured Housing Industry Leaders Stepping Up in Support of the $1 Million

ELKHART, Ind. - Darryl Searer, chairman and president of the RV/MH Hall of Fame (Hall), is encouraged by the early support of the "Kevin Clayton Debt Elimination Challenge" fund raising campaign.  Commitments are coming in from large and small companies, as well as individuals. Searer said, "Our goal is to raise $1 million in this campaign over the next 3 to 5 years.  These new pledges, plus Kevin Clayton's initial pledge of $200,000, means that we are more than 35% there in only a few weeks since the campaign was announced."   Pledges to date and donations include: * Kevin Clayton, Clayton Homes pledged $40,000 per year for 5 years. Total of $200,000* Gary McDaniel, YES! Communities, pledged $25,000 per year for the next three years. Total $75,000* Joe Stegmayer, Cavco Industries, Inc., pledged $10,000 per year...

the MHMSM Team 10 Nov 2014 Corporate Press Releases

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Bradley awarded for career dedicated to …

Bradley awarded for career dedicated to housing co-ops

ROC USA® President Paul Bradley was recently honored with the National Association of Housing Cooperatives’ Jerry Voorhis Award. The Voorhis is a lifetime achievement award that recognizes significant leadership in both theory and practice. It is presented annually by the NAHC, a national federation of housing cooperatives, mutual housing associations, other resident-owned or controlled housing, professionals, organizations, and individuals interested in promoting the interests of cooperative housing communities. Incorporated in 1960, NAHC is the only national cooperative housing organization. “What an honor,” Bradley said last week from his Concord, N.H., office. “Jerry Voorhis was a real force in the cooperative housing world and even being mentioned in the same context with him is a thrill.” Jerry Voorhis was a five-term U.S. Congressman from California who went on to lead the National Cooperative Business...

the MHMSM Team 04 Nov 2014 Corporate Press Releases

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ROC USA® Network Welcomes MH Industry Ve…

ROC USA® Network Welcomes MH Industry Veteran  As new National Acquisitions & Portfolio Manager

CONCORD, N.H. — Jason Carter has joined the management team at ROC USA Network as National Acquisitions and Portfolio Manager. He begins his new role Nov. 3. Carter’s primary focus is to identify MH community owners interested in selling their communities to their residents and, with ROC USA Network affiliates across the country, execute on resident purchases. ROC USA Network Director Mary O’Hara said Carter’s years of experience with MH manufacturing, sales, community operations and development will be a significant benefit to ROC USA’s affiliates and clients. His appreciation for manufactured housing as affordable housing and his understanding of what it takes to own and operate a community are critical in today’s marketplace, she said. “ROC USA Network has established a proven track record over the last six years, achieving a level...

Soheyla Kovach 16 Oct 2014 Corporate Press Releases

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RV/MH Heritage Foundation Unveils New $1…

RV/MH Heritage Foundation Unveils New $1 Million Campaign Exclusively for the Manufactured Housing Industry

SCOTTSDALE, Ariz., - Darryl Searer, chairman and president of the RV/MH Hall of Fame (Hall) and Barry Cole, president of MH Insurance Services and past chairman of the Hall, spoke to a group of manufactured housing (MH) executives at the Manufactured Housing Institute's 78th Annual Meeting on September 15th  at the Westin  Resort  in Scottsdale, Arizona.  They unveiled a new five-year fundraiser especially for the MH industry designed to help theHall retire its debt. After updating the MH leaders of the Hall's current financial position, Searer urged the attendees to help the Hall retire its debt by pledging their support for the campaign. Explaining to the group that the Hall's debt was a result of unfulfilled pledges Mr. Cole commented, "In 2007 our idea was to construct a great legacy building that would include an event center, library and museum with unique...

L.A. Tony Kovach 03 Oct 2014 Corporate Press Releases

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2015 Louisville Manufactured Housing Sho…

2015 Louisville Manufactured Housing Show is filling up fast and early!

Attendees, mark your calanders now, pre-registration will open on October 1, 2014. Exhibitors, Reserve your space now.  See download linked here.

the MHMSM Team 02 Sep 2014 Corporate Press Releases

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