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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.
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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

NorthStar Realty Finance’s target price and investor moves

NorthStar Realty Finance’s target price and investor moves

Commercial real estate company NorthStar Realty Finance Corp (NYSE: NRF) recently received an average rating of “Hold” from a handful of analysts that are covering the firm, reports Baseball News Source’s James Conley. Among the six analysts, two rated NorthStar’s stock a “buy” and the four issued a “hold” recommendation. The current average one-ye...

01 Oct 2016

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7th Anniversary Issue of MHProNews Schedule Announced

7th Anniversary Issue of MHProNews Schedule Announced

During the depths of the great recession, the first issue of what is branded today as MHProNews was published in mid-October, 2009. The new featured articles are scheduled to appear on the MHProNews.com home page on Monday evening, 10.3.2016.  Look for an all new interview, special reports and more. (Image credit, MHProNews.) L A. ‘Tony’ […]...

01 Oct 2016

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Strong Finish For The Markets – Sky Corp. Has Big Day – Wells Fargo Illegal…

Strong Finish For The Markets – Sky Corp. Has Big Day – Wells Fargo Illegally Seized Soldier’s Car China Cutting Off Cash To Venezuela – Does Deutsche Bank Need A Bailout?

Noteworthy headlines on CNNMoney – FUBU CEO Stop and Frisked “Maybe 20 Times. U.S.: Wells Fargo Mistreated Military Members. WSJ Columnist Calls Trump “Unstable.” Why The Federal Reserve Isn’t Political. From WSJ: Ghost of Lehman Brothers Haunts Deutsche Bank. Some bullets from MarketWatch – ‘Housing party’ in the U.S. may be coming to an end. Shar...

30 Sep 2016

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County Zoning Administrator Aaron Lacher Opting Out “Granny Pod” Law

County Zoning Administrator Aaron Lacher Opting Out “Granny Pod” Law

Houston County, MN commissioners chose to opt out of a recently enacted state law at their meeting on September 20th. Minnesota statute 394.307 (signed into law on May 12) “defines and regulates temporary family health care dwellings on residential property,” Houston County zoning administrator Aaron Lacher told the commissioners. According to the...

30 Sep 2016

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Millennials Need Affordable Housing, but “Trailer Park Boys” stigma slows M…

Millennials Need Affordable Housing, but “Trailer Park Boys” stigma slows Manufactured Home Acceptance

Home prices in the Vancouver, British Columbia (B.C.) metro are expensive. The average price for a detached home in the Fraser Valley, for example, is $900,000. A typical condominium can set you back $248,000. Compare that to the typical manufactured home in B.C., which sells for around $80,000. According to Business Vancouver, even when the...

30 Sep 2016

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Boulder City Planning Commission Approves Rezoning Of Mobile Home Park

Boulder City Planning Commission Approves Rezoning Of Mobile Home Park

Plans to transform what the Boulder City Review called a “blighted mobile home park” (sic) into townhouses came before the city’s planning commission. The plan to transition the Boulder City Mobile Home Park into a townhome community were unanimously approved by the town’s commission on September 21st, with Chairman Jim...

30 Sep 2016

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Clinton, Trump Try New Lines of Attack – Daily Tracking Poll, Political Car…

Clinton, Trump Try New Lines of Attack – Daily Tracking Poll, Political Cartoons

Depending on which network you tune into, election related news can be starkly different. The rift in the mainstream media over how to cover the 2016 Presidential race matches the fact that trust in media has dropped near all-time lows. The LA Times, in their highly touted unique Daily Tracking Poll shows Donald Trump’s post-debate […]...

30 Sep 2016

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Wells Fargo Chairman/CEO Grilled, Buffett speaking out, All Markets Down

Wells Fargo Chairman/CEO Grilled, Buffett speaking out, All Markets Down

Wells Fargo’s CEO, John G. Stumpf, has been called by Warren Buffett about recent events, according to Fox Business. Noteworthy headlines on CNNMoney – Wells Fargo worker retaliation claims rile up Congress. Lawmakers: Wells Fargo a ‘criminal enterprise’ like Enron. U.S. warns Samsung washing machine owners after explosion re...

29 Sep 2016

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Pending Denver Meadows Sale/Closure roils media, creating ripples and react…

Pending Denver Meadows Sale/Closure roils media, creating ripples and reactions from residents and owner

An already tumultuous relationship between Denver Meadows Mobile Home and RV Park owner Shawn Lustigman and the community’s residents has only gotten worse in recent weeks. “In two years, I’ll be homeless,” resident Petra Bennett told The Aurora Sentinel. “I need two tractor trailers to move it at $10,000; I don’t have $10,000 in two […]...

29 Sep 2016

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Manufactured Home Community grabs positive media via New Clubhouse Construc…

Manufactured Home Community grabs positive media via New Clubhouse Construction

Work started this month on a new clubhouse and community center for Sterling Estates, a manufactured home community in Adrian Michigan, 72 miles southwest of Detroit. “We had a need for this, so it’s good to see work on it finally begin,” said Sterling Estates owner, Germano Mularoni. “This was a long time in coming, […]...

29 Sep 2016

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Equity LifeStyle Properties Investor Management Fund, Dividend Updates

Equity LifeStyle Properties Investor Management Fund, Dividend Updates

Equity Lifestyle Properties, Inc. (NYSE:ELS) is expected to pay a $0.43 dividend on Oct 14, 2016. ELS shareholders owning stock before Sep 28, 2016 will be eligible to receive the payout. Based on Equity Lifestyle Properties, Inc.’s current price of $79.70, the dividend is 0.53%. The indicated annual dividend is $1.70. As manufactured housing p...

29 Sep 2016

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Latest Daily Business News

New Sponsors

Featured Articles and Reports - September 2016 Vol. 7 No. 12

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Building A Good Reputation Is Hard!

Building A Good Reputation Is Hard!

by Wayne Coakley Well, maybe not so hard. Surprisingly, building a good reputation is pretty easy if you built your business around trust from the get-go. NSP_READMORE

MARKETING

AMHA Announces 3 New Videos Designed to Promote Manufactured Housing, Disp…

AMHA Announces 3 New Videos Designed to  Promote Manufactured Housing, Dispel Myths

by J. D. Harper The Arkansas Manufactured Housing Association (AMHA) has completed a series of short videos aimed at addressing and dispelling myths, misconceptions and stereotypes about today’s manufactured housing. NSP_READMORE

MARKETING

Carlyle Group (CG) Urged To Invest Multi-Billion$ In “Dry Powder,” says Blo…

Carlyle Group (CG) Urged To Invest Multi-Billion$ In “Dry Powder,” says Bloomberg’s Tan

by L. A. ‘Tony’ Kovach  The Carlyle Group (CG) is reportedly one of the top 100 largest manufactured home community operators in the U.S..  Its big hedge fund business is said... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Management Group Increases Holdings in Equity LifeStyle Properties (ELS)

Management Group Increases Holdings in Equity LifeStyle Properties (ELS)

by Frank Griffin Schroder Investment Management Group acquired an additional $2,017,000 worth of Equity LifeStyle Properties (ELS) shares for the quarter ending July 30th, 2016. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Comparing Mid-America Apartment Communities vs. Sun Communities, Head-to-He…

Comparing Mid-America Apartment Communities vs. Sun Communities, Head-to-Head Analysis

By Joe Dyton CML News recently took a deep dive into a head-to-head comparison between Memphis, TN-based Mid-America Communities, Inc. (NYSE: MAA) and Southfield, MI-based Sun Communities, Inc. (NYSE: SUI). NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Two Faces of Manufactured Home Community Closures – Urban Institute’s Prese…

Two Faces of Manufactured Home Community Closures – Urban Institute’s Preservation Approach Vs. Little Farm Trailer Park Outcome

by Joe Dyton Affordable housing options are becoming less plentiful around the country, but according to Urban Institute researchers, there are ways to sidestep what has become an outright crisis. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

UMH Properties Closes on 2 Manufactured Home Communities, more Closings Pen…

UMH Properties Closes on 2 Manufactured Home Communities, more Closings Pending

by L. A. ‘Tony’ Kovach Freehold NJ based UMH Properties, Inc. (NYSE: UMH) announced that it has closed on the acquisition of two communities located in Ohio for a total purchase... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Another 2016 Manufactured Housing Legal Update – Where Business & Law Inter…

Another 2016 Manufactured Housing Legal Update – Where Business & Law Intersect

by Marc Lifeset, JD McGlinchey Stafford is proud to provide the Manufactured Housing Update to the manufactured housing industry.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Man Shot in “Trailer Park” (sic) says ABC TV’s Marla Carter, MH Pros React

Man Shot in “Trailer Park” (sic) says ABC TV’s Marla Carter, MH Pros React

by L. A. ‘Tony’ Kovach Tragedy and violence occurs in neighborhoods across America. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

MHC Pro/Owner – “Highly Conflicted” over Manufactured Home Community Closur…

MHC Pro/Owner – “Highly Conflicted” over Manufactured Home Community Closures

by Marty Lavin, JD Tony, I am highly conflicted by the closing and eviction of the El Portal MH community. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

MH Community Owner’s Reaction to Baytown, TX “trashy mobile home park” stor…

MH Community Owner’s Reaction to Baytown, TX “trashy mobile home park” story

by Richard Nodel I become incensed when I see examples of the absolute worse type of landlord. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Zoning, Opening up Urban Infill and Making Sure Citizens who want Manufactu…

Zoning, Opening up Urban Infill and Making Sure Citizens who want Manufactured Homes are Heard

by Ed Schafer For the last three or four years, the South Carolina association’s focus is to move beyond killing bad zoning proposals and working to reopen areas that have been... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Discrimination, Zoning and Disparate Impact on Manufactured Homes, Owners, …

Discrimination, Zoning and Disparate Impact on Manufactured Homes, Owners, Prospects

by Mark Weiss The discriminatory exclusion of manufactured homes by local governments is a major problem for the industry and consumers. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Say No Socialist Driven Economy, Praise for Revolution PreFab Homes

Say No Socialist Driven Economy, Praise for Revolution PreFab Homes

by Jay Hamilton Tony, I have no plans to vote for a Socialism Driven Economy. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Business Impact - Left, Right Agree – President Obama’s mark is on powerful…

Business Impact - Left, Right Agree – President Obama’s mark is on powerful U.S. Appeals Courts

by L. A. ‘Tony’ Kovach Elizabeth Wydra is the president of the Constitutional Accountability Center, which Wikipedia describes as a conservative judicial group. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Cavco’s Joe Stegmayer, Directors Insider Trades – & CVCO Portfolio Holder U…

Cavco’s Joe Stegmayer, Directors Insider Trades – & CVCO Portfolio Holder Updates

   by L. A. ‘Tony’ Kovach  Cavco Industries director Jack Hanna has filed a Form 4, according to a report byStreetInsider, see that as a download, linked here. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Controversial Analysis – NRDC, ACEEE and proposed DOE Manufactured Home Ene…

Controversial Analysis – NRDC, ACEEE and proposed DOE Manufactured Home Energy Standards for Manufactured Homes – Helpful or Harmful?

by L. A. “Tony” Kovach Controversy about the proposed U.S. Department of Energy (DOE) standards for manufactured housing has followed the flurry of commentary from various special-interest and non-profit groups, covered... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Demand for Manufactured Homes in Louisiana Flood Zone Rising, Factories Gea…

Demand for Manufactured Homes in Louisiana Flood Zone Rising, Factories Gear Up for FEMA, Residents

by L. A. 'Tony' Kovach For two days, rain tortured the heart of bayou country, dumping 24 inches in less than 48 hours on southern Louisiana, says a report in the... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Discrimination, Injustice against manufactured housing – a Call for Action …

Discrimination, Injustice against manufactured housing – a Call for Action by Industry Professionals

by Todd Lamb Tony, I agree with the Daily Business News article and the comments from other manufactured home industry professionals regarding Councilman David McCartney in Baytown. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Responding to Negative News About a trashy Baytown “Mobile Home Park”

Responding to Negative News About a trashy Baytown “Mobile Home Park”

by Karl Radde Stories like this are the kind of thing that generally helps cast such a negative light on our industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

HUD Code Manufactured Housing, “The Discrimination Code”

HUD Code Manufactured Housing, “The Discrimination Code”

by Marty Lavin, JD Tony, you are so right on the HUD Code has become a deadly “discrimination code,” especially as it applies to manufactured home financing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Importance and Value of Independent MH Trade Publications

The Importance and Value of Independent MH Trade Publications

by Tim Williams MHProNews.com and MHLivingNews.com are both good communications resources for the Manufactured Housing Industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with… Otis Orsburn, Hybrid Prefab Homes

A Cup of Coffee with… Otis Orsburn, Hybrid Prefab Homes

1) Who, What and Where: (Your name and your formal title at Hybrid Prefab Homes and where your organization is based). My name is Otis Orsburn, President of Hybrid Prefab Homes based... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Mark Weiss, President & CEO of MHARR (Manufactured Hou…

A Cup of Coffee with…Mark Weiss, President & CEO of MHARR (Manufactured Housing Association for Regulatory Reform)

1) Who, What and Where: (Your name and your formal title at Manufactured Housing Association for Regulatory Reform (MHARR) and where your organization is based). Mark Weiss, President and Chief Executive Officer... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Rules for Radicals – Saul D. Alinsky and his Followers Political Action Pla…

Rules for Radicals – Saul D. Alinsky and his Followers Political Action Plan

by L. A. ‘Tony’ Kovach When Jay Hamilton, Executive Director of the Georgia Manufactured Housing Association mentioned Saul Alinsky, I knew a little about who Alinsky was, and that he’s inspired... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Happiness Happens

Happiness Happens

by Tim Connor, CSP I am sure you have heard, or maybe even used the term, SH _ T Happens: well how about - Happiness Happens? NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Preachers

ZigOn Preachers

by Zig Ziglar The typical American believes that those men and women who fill the pulpits in the churches work a few hours on the weekend and probably spend some... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

UMH Properties, Inc. Completes Acquisiti…

UMH Properties, Inc. Completes Acquisition Of Two Ohio Communities

FREEHOLD, N.J., Sept. 1, 2016 /PRNewswire/ -- UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of two communities located in Ohio for a total purchase price of $2,954,000. These two all-age communities contain 165 sites situated on approximately 71 acres. The weighted average occupancy for these communities is approximately 64%. These communities are part of a five community portfolio, all located in Ohio, with a total purchase price of $17,020,000. The portfolio contains a total of 821 sites situated on approximately 342 acres. The acquisition of the remaining communities is expected to close before yearend. The completion of this acquisition is subject to due diligence and other customary closing conditions. Therefore, there can be no assurance that this acquisition will take place during 2016 or at...

the MHMSM Team 02 Sep 2016 Corporate Press Releases

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Redcort Portfolio | 442 Sites | Illinois

Redcort Portfolio | 442 Sites | Illinois

Portfolio Summary Investment:             2 Property Portfolio                                with Storage UnitsStar Class:              2-3MH Sites:                216Storage Sites:         226Homes & Notes:      37MH Occupancy:       96.7%Storage Occup.:      98.7% Sale Price:    $8,289,627 Community Highlights Historically high economic occupancy with current MH economic occupancy of 96.7%, and storage 98.7% Less than 10% park owned homes Redwood has asphalt streets, while Cortland has new chip and tar streets, August 2016 Redwood is 97 miles from Downtown Chicago, while Cortland is 64 miles For additional sales and cap rate information, please call: Christopher Nortley (586) 884-8416chris@mhreinc.com  Enon Winkler (407) 616-0250enon@mhreinc.com  www.mhreinc.com

the MHMSM Team 02 Sep 2016 Corporate Press Releases

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Next Step Network Participating in Give …

Next Step Network Participating in Give Local Louisville

Louisville, Kentucky – This year, Next Step Network is participating in Give Local Louisville, a 24-hour online giving day that supports the local nonprofits doing great work in our community. Last year, through Give Local Louisville, our community raised $3 million for the 362 participating nonprofits. On September 15, for those 24 hours, the Community Foundation of Louisville and its partners will maximize the community's generosity with Golden Tickets, prizes and bonus dollars. This provides an incredible opportunity for donors to increase the impact of their gifts to the nonprofits they care about. Next Step’s mission is to put sustainable homeownership within reach of everyone, while transforming the manufactured housing industry through consumer education, affordability and energy efficiency. By participating in Give Local Louisville, we will raise funds to support new and...

the MHMSM Team 02 Sep 2016 Corporate Press Releases

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MHRE Closes the Matrix MHC Portfolio

MHRE Closes the Matrix MHC Portfolio

On August 4th, 2016 MHRE closed the Matrix MHC Portfolio to a undisclosed buyer.  The portfolio consisted of 11 communities in Michigan, of which 4 were 55+, and 2 in Alabama, with a total combined site count of 7,253 sites. Christopher Nortley, Managing Partner of MHRE explained, “Matrix had a ton of interest in their portfolio, but based on the size, core location, and their home portfolio, it really came down to a hand full of operators that had the capability to acquire a portfolio of this size, but more importantly, an operator that understands the value add component of the home portfolio.“ Enrico Scarda, Chief Executive Officer of The Matrix Group commented, “Matrix acquired and successfully stabilized its portfolio which was positioned for a new operator to take the portfolio to...

the MHMSM Team 23 Aug 2016 Corporate Press Releases

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California JLT Market Reports Now Availa…

California JLT Market Reports Now Available

Datacomp, publisher of JLT Market Reports, is pleased to announce that our comprehensive manufactured home community rent and occupancy reports are now available for majormarkets in California: Los AngelesOrangeRiversideSacramentoSan BernardinoSan DiegoSan Francisco Bay NorthSan Francisco Bay SouthVentura These August 2016 reports include detailed information about investment grade communities including: # of Homesites Occupancy % Rents and Increases including Rent Control Amenties Vacant Sites Repossessed and Inventory Homes and More! Plus… valuable Management Insights ranked by the Number of Homesites, Occupancy and Highest to Lowest Rents. To show trends in each market, we also include a report that compares August 2016 occupancy and rents to August 2015. Use these reports to learn more about thesemarkets, earn greater profits, identify potential acquisitions and stay competitive.  Ordering Is Easy! Call us TOLL FREE at 800-588-5426, emailreports@datacompusa.com or visit our secure website at www.datacompusa.com/JLT to download reports immediately.

the MHMSM Team 11 Aug 2016 Corporate Press Releases

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Closed | 278 Sites | Heartland Estates |…

Closed | 278 Sites | Heartland Estates | Lakeland, Florida

On August 5, 2016, MHRE sold Heartland Estates to Murex Properties, a Fort Myers-based company that owns and manages premier manufactured-housing communities throughout the United States. Heartland Estates is a 278 site, Senior, 55+ manufactured housing community, nestled on a ridge, overlooking Lake Hester in central Florida. The community is about one-half mile west of U.S. 27, the principle north-south artery through Florida, and about 8 miles south of I-4. Heartland Estates provides an amenity-rich lifestyle with a 5,000-square-foot clubhouse, with a verandah overlooking both the heated swimming pool and the lake.  The clubhouse and amenities include a ballroom, fitness center, kitchen, library, billiards, shuffleboard courts and horseshoes.   Enon Winkler, Partner with MHRE Inc. explained that “Our strong relationship and trust with the Seller allowed us to maximize value in a time where...

the MHMSM Team 11 Aug 2016 Corporate Press Releases

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