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On Oct. 15, the U.S. House Financial Services Committee approved an amendment to reduce the proposed federal Consumer Financial Protection Agency's (CFPA) examination powers over small banks and credit unions by voice vote. While the Miller-Moore amendment reduces examination powers, the agency would still have full power over 115 banks and 80 credit unions. The CFPA, which will have authority over financial products like home loans and payday loans, continues to garner opposition from financial firms. The legislation creating the new agency will continue the markup process as lawmakers debate the balance between federal and state powers. U.S. Reps. Mel Watt (D-N.C.) and Dennis Moore (D-Kan.) have crafted another amendment that would require national banks to comply with state laws except when state law is considered to have a "discriminatory" impact on national banks and when it prevents or interferes with national banks' business.
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From "Tweaks to Consumer Agency Fail to Calm Banks, Credit Unions" The Hill (10/19/09) Brush, Silla

Source: MHI Newswire

Daily Business News Briefs

Georgia Planning Commission Upholds Decision to Allow Placement of Manufact…

Georgia Planning Commission Upholds Decision to Allow Placement of Manufactured Home

The placement of a manufactured home and a supposed drop in property value dominated much of the discussion Monday at the Hall County Planning Commission meeting in Gainesville. Residents of an adjoining subdivision say if a manufactured home is moved to where it can be viewed from their property, this action will result in lower […]...

04 Mar 2015

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Assumed to be Dead, Elderly Man’s Manufactured Home Is Sold

Assumed to be Dead, Elderly Man’s Manufactured Home Is Sold

An elderly resident of a Tampa Bay manufactured home community returned home after a long absence only to learn that his home had been sold to someone else and all his possessions had been tossed out. Salaheldin Abuelenen, 88, said the trouble began when he wasn’t feeling well last March and left his manufactured home […]...

04 Mar 2015

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The Dow Fell 85.19 Points; MHCV Stocks Dipped Again

The Dow Fell 85.19 Points; MHCV Stocks Dipped Again

MHCV values went down 1.92% today.  Most of the stocks we track had losses.  Exceptions: Sky up 3.47% and NOBH up 1.00%. Reuters tells MHProNews that U.S. stocks fell on Tuesday with technology stocks leading the decline a day after the Nasdaq Composite hit its highest in 15 years, while the S&P 500 and Dow […]...

03 Mar 2015

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Tiny Modular Housing For Cities Where Most Housing Is Too Expensive

Tiny Modular Housing For Cities Where Most Housing Is Too Expensive

Many cities face a real challenge to remain affordable in the future. They’ve become so attractive as places to live and invest in that they no longer offer basic, decent housing for normal people.  Increasingly, they look like preserves of the wealthy and privileged. If trends continue, cities like San Francisco may end up like […]...

03 Mar 2015

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Michigan MH Community Sells for $15 Million

Michigan MH Community Sells for $15 Million

Real Estate Journals tell MHProNews that Marcus & Millichap closed the sale of a 400-site all-age manufactured home community in Eastern Michigan. The $15.2 million sales price comes out to $37,865 per space. Jonathon McClellan, vice president of investments, and Kyle Baskin, associate vice president of investments, both in Marcus &...

03 Mar 2015

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Green Courte Partners Announce Promotions

Green Courte Partners Announce Promotions

Green Courte Partners, LLC, Lake Forest, Illinois, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, on March 2 announced the appointments of several new officers to serve in the company.  Two of the officers have previously served in the management of Green Courte’s la...

03 Mar 2015

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Increased Home Sales Indicate Millennials Are Awakening

Increased Home Sales Indicate Millennials Are Awakening

The Arizona Republic tells MHProNews that the number of houses in the Phoenix East Valley area under contract to sell started to surge in early February, according to a special report from Arizona State University’s W.P. Carey School of Business. The East Valley is a growing area of the Greater Phoenix area that encompasses the […]...

03 Mar 2015

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Dispelling Myths About Modular Construction

Dispelling Myths About Modular Construction

Joe Porter of Forkston Township, Pennsylvania, had his own preconceived ideas concerning the value of modular homes. In the summer of 2013, he wanted to build a new home at an affordable cost.  However, he was skeptical that building a modular would save time and money. “I thought a modular wouldn’t sell for a lot […]...

03 Mar 2015

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U.S. Stocks Rose Monday; MHCV Stocks Dipped Slightly

U.S. Stocks Rose Monday; MHCV Stocks Dipped Slightly

  MHCV values went down 0.71% today.  In the stocks we track, there were a few modest gains for some and others went down.  Leaders on the positive list are: NOBH 1.52%, CVCO 1.41%, UMH 1.27%, and ELS 1.08%. According to the Wall Street Journal, Nasdaq partied like it’s 2000, but more sedately. The Nasdaq […]...

02 Mar 2015

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Idaho MH Community Owner Ordered to Pay Residents Who Lacked Water

Idaho MH Community Owner Ordered to Pay Residents Who Lacked Water

The owner of a Moscow, Idaho, manufactured home community must pay damages to residents who went more than 90 days without potable drinking water. The Lewiston Tribune tells MHProNews that roughly 140 residents filed a class-action lawsuit last year against Magar E. Magar, owner of the Syringa Mobile Home Park. Documents filed this week in...

02 Mar 2015

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Dallas Reporter Discovers Benefits of MH Living

Dallas Reporter Discovers Benefits of MH Living

A few days ago, a Dallas Morning News reporter traveled to Florida to research manufactured home communities located there.  He showed great wisdom in the timing of this event as ice, sleet, and snow enveloped the North Texas area probably about the same time his plane left the runway. Dallas is a long way from the Florida coast, […]...

02 Mar 2015

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Featured Articles and Reports - March 2015 Vol. 6 No. 6

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Back to the Future? Back to the Past?

Back to the Future?  Back to the Past?

by Nadeen Green, JD I have never been good at understanding the issues that would be presented if time travel were to become a possibility. Heck, I have troubles following the... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Latest on the CFPB and Finance Regulations

The Latest on the CFPB and Finance Regulations

by Bill Matchneer, JD At the upcoming Tunica Manufactured Housing Show, I will be discussing some difficult problems that new CFPB regulations have caused for the manufactured housing housing industry. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Financing for Manufactured Homes in Lease Communities bill

Financing for Manufactured Homes in Lease Communities bill

by Sandra Lane A bill proposed by the Iowa Manufactured Housing Association (IMHA) to create a special funding program for manufactured housing loans was passed in their state's House Economic Growth... NSP_READMORE

FINANCING

Understanding How Electricity is Used

Understanding How Electricity is Used

by Steve Lefler Many questions are asked by potential home buyers on energy efficiency in new home construction. The primary question most often asked is how much will my electric bill... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What If HUD’s building code for manufactured housing was eliminated?

What If HUD’s building code for manufactured housing was eliminated?

by Steve Lefler The Federal Government needs to consolidate its agencies to control costs. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2015 Louisville Manufactured Home Show Report & MH Communities Lessons Lear…

2015 Louisville Manufactured Home Show Report & MH Communities Lessons Learned

by Mary O'Hara What’s special about the Louisville Manufactured Housing Show? The homes on display of course! The 2015 Show didn’t disappoint. Dozens of attractive, innovative, affordable homes were on display. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

I Heard It Thru The Grapevine

I Heard It Thru The Grapevine

by Ron D'Ambra Recently there has been a lot of conversation and speculation on the longevity and growth of the manufactured housing industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Revisit the Paradigm

Revisit the Paradigm

by Bob Vahsholtz A topic on the forefront of today’s MH thinking is the challenge of finance. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The NEW Tunica Manufactured Housing Show - Reborn for 2015!

The NEW Tunica Manufactured Housing Show - Reborn for 2015!

by Dennis Hill The industry didn't realize it, but we dodged a bullet last year in keeping the Tunica MH Show's uninterrupted run. The old show site was lost due to... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Scott Roberts

A Cup of Coffee with…Scott Roberts

1) Who, What and Where: (Your name and your formal title at Roberts Resorts). Scott Allen Roberts, Chief Executive Officer of Roberts Resorts & Communities. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Showcasing The Good, Bad and the Ugly = Ticket To Manufactured Housing Succ…

Showcasing The Good, Bad and the Ugly = Ticket To Manufactured Housing Success?

by L. A. 'Tony' Kovach As Sandra Lane recently reported in the Daily Business News, a third party report by the GIA recently project that manufactured housing would double by 2020. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tunica Manufactured Housing Show Videos!

Tunica Manufactured Housing Show Videos!

by L. A. “Tony” Kovach If you've not been to the Tunica Manufactured Housing Show in the past few years, what's the best way to see what the show will be... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Stress is an employee performance killer

Stress is an employee performance killer

by Tim Connor, CSP Stress is the single biggest contributor to; -Poor morale NSP_READMORE

MANAGEMENT

Exit Strategies or is it Time to Pull the Trigger

Exit Strategies or is it Time to Pull the Trigger

by Tim Connor, CSP I can’t tell you how many times I have observed clients: develop new products, NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Gossip

ZigOn Gossip

by Zig Ziglar We frequently hear little jokes about gossip, like the two people who were talking and one said, "I can't tell you any more. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

There are three types of salespeople

There are three types of salespeople

by Tim Connor, CSP Yes, there are lots of different types of salespeople but let me focus on just three for now; committers, quitters and vacillators and the winner is .... NSP_READMORE

SALES

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

RV/MH Heritage Foundation Acquires Manuf…

RV/MH Heritage Foundation Acquires Manufactured Home on Display at the RV/MH Museum

ELKHART, Ind., - Thanks to several generous donations, the manufactured home on display at the RV/MH Hall of Fame and Museum in Elkhart, Indiana, is now owned by the RV/MH Heritage Foundation (Foundation), according to Foundation President Darryl Searer.  The home was originally erected and donated by Fairmont Homes for a period of one year for the purpose of showing visitors to the museum the evolution of mobile homes of the early to mid-20th century to today's modern affordable manufactured homes.  Since it was opened to the public in late 2013 it has been toured by thousands of visitors to the museum. As the clock was counting down to the end of the year when the home would have been removed by Fairmont Homes, Jim Shea, president of Fairmont Homes, offered to let the Foundation acquire...

Soheyla Kovach 01 Mar 2015 Corporate Press Releases

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FREE Educational Seminars Are Scheduled …

FREE Educational Seminars Are Scheduled for the  2015 Tunica Manufactured Housing Show!

These seminars were a major HIT at the 2015 Louisville Manufactured Housing Show. MHPros from Coast to Coast and Canada came... ...they praised the practical information for their businesses. We expanded seminar room space 30%, and still filled it! Come see why... Wednesday March 25th, 2015 Wednesday 8:30 AM to 9:45 AM. Lisa Tyler from Walden University and other MH Experts will be speaking on reasons why Realtors ®, investors, MH veterans and other housing professionals should be joining the ranks of profitably advancing America's most affordable new home construction. Opportunities in Modern MH. This will be a fast paced panel presentation, with Q&A planned. Wednesday 10 AM – 11 AM. Super-Charged Marketing! Dominate your area with savvy Marketing! Learn how to sell more homes and how MHCs can fill more vacant sites. Attract more customers with cash and good credit....

the MHMSM Team 25 Jan 2015 Corporate Press Releases

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Bill Matchneer, Dick Jennison and Ron Th…

Bill Matchneer, Dick Jennison and Ron Thomas Sr. to address Louisville Show attendees

MHProNews  has confirmed that attorney Bill Matchneer, previously with HUD and the CFPB, will be addressing the attendees of the Louisville Manufactured Housing Show. So too will Richard "Dick" Jennison, MHI's current President and CEO. MH community and street retail Hall of Famer, Ron Thomas, Sr. - who is also the Midwest Manufactured Housing Federation (MMHF) Chairman - will speak on financing and MH growth related topics, rounding out what promises to be a faced paced opening hour to the seminars on Wednesday morning. The doors will open at 8:15 AM on Wednesday at the seminar room so MH Industry professionals can network with peers and colleagues. The session featuring these three industry leaders will begin at 8:45 AM sharp. They will be introduced by one or more of the executive...

the MHMSM Team 12 Jan 2015 Corporate Press Releases

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Fairmont residents purchase community

Fairmont residents purchase community

Download pdf Fairmont residents purchase community

the MHMSM Team 11 Jan 2015 Corporate Press Releases

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Tunica manufactured home show 2015 updat…

Tunica manufactured home show 2015 update

Introducing… A Phoenix Rises Is widely considered the “premiere” show of the year… Is a unique show that totally sets it apart from all others… Is so distinctive that retailers will never see the same product at other shows… Is such an inclusive show for the south east region that it has appeal for virtually everyone who attends… Encompasses all levels of affordability, from HUD homes to spectacular system-built housing… One would have to be awfully shortsighted to fail to see that our show could present an enormous marketing opportunity. And one would have to look far and wide to find another event with the pizzazz, panache, and prestige of such a show. That’s because it doesn’t exist. But this one does. You already know it. It’s called The Tunica Manufactured Housing Show. This show possesses every one...

the MHMSM Team 11 Jan 2015 Corporate Press Releases

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2015 Louisville Manufactured Housing Sho…

2015 Louisville Manufactured Housing Show New-Year Updates!

If you are a manufactured housing pro, you can't do better than starting 2015 out right by attending all 2 ½ days of the Louisville Manufactured Housing Show! Here is the brochure link with the latest updates. The full brochure can be downloaded from this link here. See you in Louisville! ##

the MHMSM Team 02 Jan 2015 Corporate Press Releases

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