Newsletter Archive

Latest Comments

The Masthead
Daily Business News
Industry Voices
INspirations
Words of Wisdom
The Cutting Edge
Powered by Disqus
Find the perfect job or hire the perfect employee

Sell or Buy using our Classifieds

Upcoming Events

Submit your news and events

The FHA Is Fine and Won't Need Taxpayer Money
FHA Commissioner David Stevens defends the agency's role in the housing recovery, noting that the it continues to hold more than $30 billion in reserve funds and is insuring more lower-risk borrowers. In a letter to the editor, in response to the Sept. 29 editorial "Subprime Uncle Sam," Stevens calls the piece's comparison of FHA to the subprime market "misleading" because the FHA's serious delinquencies are a third of those in the subprime market. He adds that declining home prices will not trigger a loss of $100 billion for taxpayers because the FHA did little business in states like Arizona, California, Florida, and Nevada; nor will it lead to congressional action.
Read more »
From "The FHA Is Fine and Won't Need Taxpayer Money" Wall Street Journal (10/07/09) P. A20; Stevens, David

Source: MHI Newswire

Daily Business News Briefs

Sunday Morning Weekly Recap Manufactured Housing Industry News January 15th…

Sunday Morning Weekly Recap Manufactured Housing Industry News January 15th 2017 to January 22nd 2017

A new year, a new month, and a new set of featured articles are found on the MHProNews.com home page. Our theme for this month is: Jiu Jitsu January in Manufactured Homeland, USA. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. […]...

22 Jan 2017

NSP_READMORE

Pomp and POTUS Trump First Executive Orders, MH Reaction

Pomp and POTUS Trump First Executive Orders, MH Reaction

It was a day of Pomp, Circumstance and President Donald J. Trump’s signing of his first executive orders. The White House tells the Daily Business News that having been confirmed by the U.S. Senate, Trump signed government commissions making Marine Corps Generals James ‘Mad Dog’ Mattis the Secretary of Defense and John Kelly the...

21 Jan 2017

NSP_READMORE

MHC Residents Avoid Eviction

MHC Residents Avoid Eviction

Residents of a Cleves, Ohio manufactured home community are breathing a sigh of relief. For now. According to WCPO, residents of the Candlelight Mobile Home Park have been in a fight to save their homes, and they got one company to back off and not force them out. But residents fear a new threat. “We’re […]...

21 Jan 2017

NSP_READMORE

Nobility, AMG Up, Manufactured Housing CV, Broader Markets Rise

Nobility, AMG Up, Manufactured Housing CV, Broader Markets Rise

Continuing today, the Daily Business News manufactured housing industry connected market report on MHProNews will add and tweak some features, in an ongoing effort to provide ever more useful and balanced information to readers. “We Provide, You Decide.” © Noteworthy headlines on CNNMoney –Trump’s historic moment arrives. Stocks greet Trump era wit...

20 Jan 2017

NSP_READMORE

From Obama to Trump: America Celebrates, Protests and Contemplates

From Obama to Trump: America Celebrates, Protests and Contemplates

It is now official: Donald J. Trump is the 45th President of the United States, and Mike R. Pence is Vice President of the United States. The Daily Business News has followed primary, election and post election activity closely showing the many faces, and voices of the campaign. In President Trump’s Inaugural Address, he delivered […]...

20 Jan 2017

NSP_READMORE

The Saga of “A Solid Community”

The Saga of “A Solid Community”

In Richmond, Virginia, a manufactured home community is going through the pains of change. Dennis Pasqualino purchased Rudd’s Trailer Park at auction in March. When the purchase was completed, he told residents that he planned to install surveillance cameras and remove some of the empty homes. While that hasn’t happened yet, Pasqualino said he was...

20 Jan 2017

NSP_READMORE

UMH Anniversary at the NYSE, Landy Rings Closing Bell

UMH Anniversary at the NYSE, Landy Rings Closing Bell

In celebration of their 50th anniversary, UMH Properties, Inc. (UMH: NYSE), led by Eugene W. Landy, Chairman of the Board of UMH, rang the closing bell at the New York Stock Exchange (NYSE) Thursday, Jan. 19. The event coincided with the company’s quarterly board meeting and a special dinner reception for close partners. “The Company [...

20 Jan 2017

NSP_READMORE

Bill Introduced to Replace Outdated Manufactured Homes

Bill Introduced to Replace Outdated Manufactured Homes

Keith Ellison (D-MN) has introduced The Energy Efficient Manufactured Homes Act of 2017 (H.R. 515), which proposes to enable economically vulnerable families to live in safe, affordable and energy-efficient homes. “There are as many as two million families who live in outdated energy-inefficient manufactured homes built more than two decades ago,”...

20 Jan 2017

NSP_READMORE

Northstar, Tricon Up, Manufactured Housing CV, Broader Markets Down

Northstar, Tricon Up, Manufactured Housing CV, Broader Markets Down

Continuing today, the Daily Business News manufactured housing industry connected market report on MHProNews will add and tweak some features, in an ongoing effort to provide ever more useful and balanced information to readers. “We Provide, You Decide.” © Noteworthy headlines on CNNMoney – The emergence of the “cyber cold war.” Broadcasters prep f...

19 Jan 2017

NSP_READMORE

Study Shows Rents Remain Equal to or Below Market Rate

Study Shows Rents Remain Equal to or Below Market Rate

Resident Owned Communities USA (ROC USA) tells MHProNews that their latest study shows that rents in their communities remain equal to or below market rate after five years. Every five years, ROC USA hires an independent third-party appraiser to analyze monthly rents in ROCs and compare them to similar commercially owned communities...

19 Jan 2017

NSP_READMORE

NAR – Millennials Want Quality Affordable Homes to Buy in 2017

NAR – Millennials Want Quality Affordable Homes to Buy in 2017

The times are changing, and so are the demographics. Research from the National Association of Realtors (NAR) states that in 2017, more than half of all first-time homebuyers will be a millennial. The Digital Journal and hundreds of other media and special interest websites have picked up the exclusive MHLivingNews story, “Millennials Will...

19 Jan 2017

NSP_READMORE

New Sponsors

Featured Articles and Reports - January 2017 Vol. 8 No. 4

NSP_PREV NSP_NEXT NSP_PAGE

Trexler Cites Regulatory, Economic Conditions in 2016 – Nobility Homes Anno…

Trexler Cites Regulatory, Economic Conditions in 2016 – Nobility Homes Announces Quarterly Sales, Income, Profit Results

by Soheyla Kovach “The demand for affordable manufactured housing in Florida and the U.S. is improving,” said Nobility Homes President Terry Trexler. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

It’s Not Just Stocks – Dollar Energized, Moving Up vs World Currencies – MH…

It’s Not Just Stocks – Dollar Energized, Moving Up vs World Currencies – MH Impact?

by Soheyla Kovach “Right now, there is an incredible amount of pressure to sell just about every type of currency and buy the dollar,” Financial Stock Market (FSM) reports that Sunrise... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

New Federal Lending Option “Opens” for Manufactured Homes in Quiet, pre-New…

New Federal Lending Option “Opens” for Manufactured Homes in Quiet, pre-New Year Report

by Soheyla Kovach The United States Department of Agriculture (USDA) Rural Housing Service (RHS) announced it would begin a pilot project that would open up lending for manufactured home loans on... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Kelley Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Affordable Ameri…

Kelley Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Affordable American Dream”

by Kurt Kelley There are bad operators in every industry that disgrace themselves and their fellow industry members.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Paul Bradley ROCUSA Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Aff…

Paul Bradley ROCUSA Reacts, NPR’s “Mobile Home Park Owners Can Spoil An Affordable American Dream”

By Paul Bradley Part I of the NPR story needed a balanced industry response that came clean first and then provided many real examples how “the charges” are not typical.  I... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Tim Williams, OMHA, Responds to Issues Raised by NPR Report on Manufactured…

Tim Williams, OMHA, Responds to Issues Raised by NPR Report on Manufactured Home Communities

By Tim Williams National Public Radio (NPR) did a two-part report released this week on manufactured home communities, part one of their controversial story – “Mobile Home Park Owners Can Spoil An... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Congressman Dennis A. Ross’ statement on Dr. Ben Carson for HUD Secretary

Congressman Dennis A. Ross’ statement on Dr. Ben Carson for HUD Secretary

By Dennis A. RossI fully support President-elect Trump’s appointment of Dr. Ben Carson as the Secretary of the Department of Housing and Urban Development. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

FHFA, GSEs and the Duty To Serve Manufactured Housing – Mark Weiss, JD – Vi…

FHFA, GSEs and the Duty To Serve Manufactured Housing – Mark Weiss, JD – Viewpoint

By Mark Weiss, JD Chattel lending is crucial to the availability of affordable manufactured housing for American families, representing as much as 80% of consumer loans for the purchase of new... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Skeptic on DTS Rule Having Much Short-Term Impact on Manufactured Home Lend…

Skeptic on DTS Rule Having Much Short-Term Impact on Manufactured Home Lending

by L. A. ‘Tony’ Kovach Those who’ve read this column for years know that your Masthead writer is: NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

2017 Millennial Housing Revolution. What About Manufactured Housing?

2017 Millennial Housing Revolution. What About Manufactured Housing?

by Soheyla Kovach AOL Small Business, and the Washington Post are two of several mainstream media sites reporting an anticipated surge of millennials into the housing market. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Shocking Facts! Making 2017 Grrr8 for Communities, Retailers Starts in Loui…

Shocking Facts! Making 2017 Grrr8 for Communities, Retailers Starts in Louisville!

by Stan Posey “Earlier…we wrote at length about the decline in US housing inventory being, in effect, the next crisis for the housing market,” said Myles Udland for Business Insider.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

More Investor Moves, Insider Action at Sun Communities

More Investor Moves, Insider Action at Sun Communities

by RC Williams  More action for Sun Communities Inc. (NYSE:SUI), as investors and insiders are making moves. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

HUD Announces Record $1.9 Billion in Grants to “End Homelessness”

HUD Announces Record $1.9 Billion in Grants to “End Homelessness”

By RC Williams On December 20th, the Department of Housing an Urban Development (HUD) announced that it has awarded a record $1.95 billion to numerous homeless assistance programs across the U.S.,... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

by RC Williams Toronto, Canada based Tricon Capital Group Inc. (TCN.TO), recently announced that its Tricon Lifestyle Communities (“TLC”) investment vertical has acquired a portfolio of three manufactured housing communities in... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

FHFA Issues Final Rule on Duty to Serve GSEs Will Receive Credit for Chatte…

FHFA Issues Final Rule on Duty to Serve GSEs Will Receive Credit for Chattel Loans

by James R. Ayotte, CAE On December 13, 2016, the Federal Housing Finance Agency (FHFA) issued a final rule to implement the “Duty to Serve” (DTS) requirements.  NSP_READMORE

FINANCING

Paul Bradley on the Pending FHFA Final Duty to Serve Rule

Paul Bradley on the Pending FHFA Final Duty to Serve Rule

by Paul Bradley This and Leslie Gooch’s article both push for a chattel pilot in Land Lease Communities; ROC USA is right with them!  Like Gooch, I see the fundamental issue coming down... NSP_READMORE

FINANCING

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

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

By Soheyla Kovach   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. NSP_READMORE

FINANCING

Media-Based Attack on Investor-Owned Communities=’The Private Equity Takeov…

Media-Based Attack on Investor-Owned Communities=’The Private Equity Takeover of America’s Neighborhoods’

by Soheyla Kovach In the waning days of December, 2016 – and just five days before National Public Radio (NPR) pulled their slanted Mobile Home Park Owners Can Spoil An Affordable American... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Todd Lamb on NPR’s ‘Mobile Home Park Owners Can Spoil An Affordable America…

Todd Lamb on NPR’s ‘Mobile Home Park Owners Can Spoil An Affordable American Dream’

by Todd Lamb Tony, you are the third person sending me this NPR article. I read it and have BIG problems with the way the article was written. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

R2D2? Seriously?

R2D2? Seriously?

by L. A. “Tony” Kovach Imagine that your garbage collection worker vanished. No one takes that person’s place. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What is the business of America?

What is the business of America?

ByL. A. ‘Tony’ Kovach Both America and our industry’s members face a similar set of challenges and opportunities. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Open Letter to Dr. Ben Carson – How You Could Lead HUD to Historic Achievem…

Open Letter to Dr. Ben Carson – How You Could Lead HUD to Historic Achievements by Ending a Form of Discrimination

by L. A. “Tony” Kovach To: Dr. Ben Carson – named by President-elect Donald J. Trump as his desired Secretary of Housing and Urban Development (HUD). NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured, Modular and PreFab Housing Industry News Never Sleeps

Manufactured, Modular and PreFab Housing Industry News Never Sleeps

By L. A. “Tony” Kovach It’s lunchtime somewhere on planet Earth. As reports we’ve done for years – and added more to this past week – there are international stories about factory-built housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Anti Community MHAction Targets Frank Rolfe, RV Horizons and ELS

Anti Community MHAction Targets Frank Rolfe, RV Horizons and ELS

by Soheyla Kovach Small-to-large manufactured home community (MHC) operations are no strangers to the ire of anti-investor activists. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Judge Reverses Controversial Decision to Close Manufactured Home Community

Judge Reverses Controversial Decision to Close Manufactured Home Community

by RC Williams In a hotly contested property rights versus residents rights case, originally covered by the Daily Business News in September, a Santa Clara County, California Superior Court judge has reversed an order... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

U.S. Existing Homes Sales Reach Highest Level in Nine Years

U.S. Existing Homes Sales Reach Highest Level in Nine Years

By RC Williams Data from the National Association of Realtors (NAR) shows that Americans bought homes in November at the fastest pace in nearly a decade. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Loved. Hated. Misunderstood. Distrusted. Feared. Enslaved…and possible Brea…

Loved. Hated. Misunderstood. Distrusted. Feared. Enslaved…and possible Breakthrough to Freedom?

by L. A. “Tony” Kovach Labels, thinking, deeds and inactions all may have limiting consequences. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

SunshineLouisville2017ManufacturedModularHousingShownewANIgif3MHProNews

You Might Like

MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Security Mortgage Group Finances $10,007…

Security Mortgage Group Finances $10,007,000 for Several Communities in one week

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $10,007,000 in financing in one week for several manufactured home communities nationwide.   Managing Director, Gerard D. DiMarco, Jr., secured financing for a repeat client with a non-recourse long-term fixed rate loan of $1,550,000. The 90-site J&J Mobile Home Park is located in Bradenton, FL.  Anthony J. DiMarco, the other Managing Director, helped negotiate refinancing for a repeat client’s 209-site mobile home park in Texas with a $3,800,000 non-recourse loan with the ability to obtain a supplemental mortgage at a future date. In addition, Anthony secured acquisition financing for a repeat client’s purchase of a Texas mobile home park portfolio with a long-term fixed rate non-recourse loan of $3,120,000. Vice President, Pierce Redmond secured a...

the MHMSM Team 11 Jan 2017 Corporate Press Releases

NSP_READMORE

2017 Tunica Manufactured Home Updates

2017 Tunica Manufactured Home Updates

http://www.prereg.net/2017/tmfs/ A RIVER CUTS THROUGH A ROCK NOT BECAUSE OF ITS POWER BUT ITS PERSISTENCE… THE TUNICA SHOW has been in existence for over 19 years. 0ur annual show brings out an array of new manufactured home designs the latest in technology, the best suppliers’ offerings and a look at all the newest amenities and system-built options the industry can offer. And just like a river that cuts through rock year after year, the Tunica Show will be around for many years to come! March is a prime time for the Tunica Show, because builder/developers, retailers, community owners/operators and installers want to place orders and have inventory delivered in time for the spring selling season. They want to have the time to investigate and compare manufacturers and supplier exhibits. RESORTS CASINO All seminars will be...

Soheyla Kovach 11 Jan 2017 Corporate Press Releases

NSP_READMORE

Be Surprised! Countdown to Louisville - …

Be Surprised! Countdown to Louisville - Getting

Manufactured home retailers, developers and community professionals want to attract and sell as many qualified customers as possible. So "Take 5" and see how you could make this stop at the 2017 Louisville Show one of your best professional decisions. Consider this question. Which manufactured and/or modular market segment has the most growth potential? Entry level, "shade and shelter" VOG homes, or competitive, appealing finished drywall residential-style Energy Star rated homes? There can be a valuable roll for entry level product, and we respect those who sell them.  But the answer to the question above may surprise many in manufactured housing.  Because it's the mid-to-upper end market that has by far the most potential, and often attracts the better qualified credit or cash customers! Don't believe it? Surprising for many in our industry, but it's true. Look at...

the MHMSM Team 16 Dec 2016 Corporate Press Releases

NSP_READMORE

MHWC will attend the Louisville Manufact…

MHWC will attend the Louisville Manufactured Housing Show

MHWC will be attending the Louisville Manufactured Housing Show January 18-20, 2017 at the Kentucky Exposition Center in Louisville, KY. For 5 decades, The Louisville Show has proudly distinguished itself as the mid-west’s premier event for manufactured housing professionals. This show is the industry’s largest indoor manufactured housing show, boasting the latest homes, products & services. The show provides attendees the opportunity to learn about the manufactured home industry from experts in a wide range of fields. Whether you are a community owner or operator, retailer, builder/developer, supplier, or other industry professional, this is the place to be to get the inside track on upcoming trends, brand new products and to network with industry professionals. Tifanee McCall, Account Executive from MHWC, will be on hand in booth #216 to educate attendees on the value...

the MHMSM Team 01 Dec 2016 Corporate Press Releases

NSP_READMORE

Call for Offers Due 12-2-2016 | Sahasa M…

Call for Offers Due 12-2-2016 | Sahasa MHC Portfolio | 859 Sites | Saginaw, Michigan

  Portfolio Overview MHRE Inc., as the exclusive broker, is pleased to present the Sahasa MHC Portfolio, consisting of two communities, located in Saginaw, Michigan. Lawndale Estates, built in 1973, is a 5 star community and consists of 672 sites which includes 60 leased homes, 26 installment contracts, and 40 inventory homes. The current economic occupancy is 89%. Lakeview Estates, built in 2004, is a premier 5 star, gated, 55+ community and consists of 187 sites (97 sites are new construction sites). Lakeview homes are of the highest quality with exceptional designs, attached car ports, and professionally landscaped yards. 100% of the homes are resident owned. The current economic occupancy is 100% (excludes 97 new construction sites). Residents of Lawndale and Lakeview enjoy a peaceful, rural atmosphere of country living, yet every possible...

the MHMSM Team 30 Nov 2016 Corporate Press Releases

NSP_READMORE

Will you be ready to take full advantage…

Will you be ready to take full advantage of special market opportunities when they come your way?

Being ready and fully prepared is one of the critical things you can do to get the “jump” on your competition! Luckily, there’s one unique and easy-to-participate forum where you can gather all your opportunities and combine them with timely insights to create the ultimately successful business strategies for your company. The Louisville Manufactured Housing Show is now recognized as the industry’s PREMIER INDOOR MANUFACTURED HOUSING SHOW in the world! In existence for over 50 years, this annual show brings out an array of new home designs, the latest in technology, the best in suppliers’ offerings and a look at all the newest amenities and system-built options the industry offers. There is no other industry forum where you can pull together such a wealth of information in one place to build...

the MHMSM Team 30 Nov 2016 Corporate Press Releases

NSP_READMORE

Jobs

Advertisers
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner
Banner