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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

Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 20…

Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016

What’s New in public focused Manufactured HomeLivingNews.com The Aha! Moment – Entertainer’s Delight LifeStyle Model Home Video Tour Proud to be American, God Bless the USA, Lee Greenwood Music Video, Interview What’s New in Manufactured Housing Industry Professional News Trump’s acceptance speech unexpectedly draws favorable response o...

24 Jul 2016

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New Jersey Home Improvement Firm Accused of $1.1 Million Fraud in Modular H…

New Jersey Home Improvement Firm Accused of $1.1 Million Fraud in Modular Home Scam

A Manahawkin, New Jersey construction company and two of its owners have been accused of bilking the federal government and Superstorm Sandy victims out of more than $1.1 million for work either not done or not completed. According to a complaint filed by the New Jersey Department of Community Affairs in Superior Court in Ocean […]...

23 Jul 2016

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CNN Instant Poll on Donald Trump GOP Nomination Acceptance Speech Fuels Twi…

In four polls conducted by CNN right after Republican presidential nominee Donald Trump’s acceptance speech, 57 percent said they had a “very positive” reaction to the speech, and 24 percent disclosed a negative reaction. When polled about the policies Trump iterated in the speech, 73 percent said they would move the country in the “right [&#...

23 Jul 2016

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MH Component Supplier Drew to Discuss Q2 Financials

MH Component Supplier Drew to Discuss Q2 Financials

Drew Industries, Inc. of Elkhart, Indiana (NYSE:DW) will release its second quarter, 2016 financials before the market opens on Thurs., Aug. 4, 2016, according to prnewswire. A supplier of components to the manufactured home and recreational vehicle industries, Drew will hold a conference call later that same day at 11 AM eastern time to discuss...

23 Jul 2016

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Wyoming City Finally Settles on MH and RV Ordinances

Wyoming City Finally Settles on MH and RV Ordinances

Following a story MHProNews last posted July 19, 2016 regarding the updating of manufactured home regulations in Laramie, Wyoming, after years of delays, hesitations and changes, MHProNews has learned the Laramie City Council passed a final reading of a set of ordinances dealing with manufactured homes (MH) and recreational vehicles (RV). With...

22 Jul 2016

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UK Hotel will be Modularly Built

UK Hotel will be Modularly Built

MHProNews has learned from constructionenquirer in the UK that Elements Europe has been chosen by Berkeley Homes to manufacture 130 modular rooms for Premier Inn’s hotel in Woolwich, south London. Elements Europe will also make the stair cores and linen rooms as it works closely with EPR architects to finalize the design before the modules...

22 Jul 2016

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UFPI Gains 5.59 Percent; Dow Returns to Positive Territory

UFPI Gains 5.59 Percent; Dow Returns to Positive Territory

In the news from CNNMoney: Yahoo sale nears end, Verizon in the lead. Skechers is having a terrible year. Will we get to see Mike Pense’s tax returns. Jeff Bezos richer than Warren Buffett. George Harrison estate angered the RNC used his music. Wonder Woman gets her own postage stamps. Chipotle profits down 82 percent […]...

22 Jul 2016

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First-Time Home Buyers Returned in June

First-Time Home Buyers Returned in June

Marking the best month for existing home sales since Feb. 2007, the National Association of Realtors (NAR) reports homes sold at a seasonally-adjusted annual rate (SAAR) of 5.57 million homes in June, marking the fourth consecutive month of strong home sales. With an increase of over one percent from May, and a three percent increase […]...

22 Jul 2016

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Texas Commissioners Deny MHC App, Prompting DJ Pendleton to Come out Swingi…

Texas Commissioners Deny MHC App, Prompting DJ Pendleton to Come out Swinging

In Del Valle, Texas, near Austin, despite a zoning recommendation from city staff in favor of a new manufactured home community as requested by the applicant, members of the Zoning and Platting Commission voted against the zoning change. Neighbors complained of crime– “We don’t want that increased vandalism, that increased crime out there,” s...

22 Jul 2016

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Manufactured Home Community Changes Hands in Pennsylvania

Manufactured Home Community Changes Hands in Pennsylvania

MHProNews has learned from pennlive that Pine Terrace MHP LLC, of Atglen, PA has acquired a 75 home site manufactured home community (MHC), Strohecker MHP, in Halifax Township, just north of Harrisburg, Pennsylvania. Chuck Heller and Drew Bobincheck handled the transaction on behalf of the sellers, Curt and Janet Strohecker. No terms of the...

22 Jul 2016

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The Dodd-Frank Legacy: Billions Spent, More Designated, Questionable Gains

The Dodd-Frank Legacy: Billions Spent, More Designated, Questionable Gains

Six years after passing the Dodd-Frank Act, which was designed to avert another financial crisis, the American Action Forum (AAF) asserts Dodd-Frank has imposed over $36 billion in final rule costs plus 73 million paperwork hours. That is an increase from last year’s $24 billion in final rule costs and 61 million paperwork hours. The...

22 Jul 2016

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New Sponsors

Featured Articles and Reports - July 2016 Vol. 7 No. 10

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Manufactured Home Marketing and Sales Makeover 

Manufactured Home Marketing and Sales Makeover 

by Soheyla Kovach To get a different result, you obviously have to do some things differently. NSP_READMORE

MARKETING

Award Winning Manufactured Home Retailer Perspectives on Sunshine Homes, Re…

Award Winning Manufactured Home Retailer Perspectives on Sunshine Homes, Red Bay AL

by Soheyla Kovach Our family, videographer, drone pilot and I went to Hattiesburg MS to meet with award winning manufactured home retailer, George Campbell of Southern Colonel Homes. NSP_READMORE

MARKETING

How Peace of Mind Attracts More Qualified Clients and Boost Sales 

How Peace of Mind Attracts More Qualified Clients and Boost Sales 

by Tifanee McCall Every day, hundreds of thousands of big TVs and electronic items like computers are being sold. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Colorado MHC Portfolio | 719 Sites | Colorado

Colorado MHC Portfolio | 719 Sites | Colorado

by Christopher Nortley MHRE Inc. is pleased to present the Colorado MHC Portfolio, which consists of 3 communities with a combined site count of 719. The Home Portfolio consists of 243 homes throughout... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

UMH Properties hits 52-Week High, Projections Skyward

UMH Properties hits 52-Week High, Projections Skyward

By Matthew Silver As investors await the Aug. 4, 2016 earnings report from manufactured housing community (MHC) owner UMH Properties, Inc. (NYSE:UMH), the stock has hit a new 52-week high at... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Identifying and Resolving Barriers of Entry for more Manufactured Home Lend…

Identifying and Resolving Barriers of Entry for more Manufactured Home Lending

by Titus Dare Getting more lending into the manufactured housing space is not a simple snap of a finger and “poof!” it's done. Getting more lending starts, as I noted a... NSP_READMORE

FINANCING

Northpoint Commercial Finance Expands Field Sales Organization

Northpoint Commercial Finance Expands Field Sales Organization

by Northpoint Commercial Finance Alpharetta, GA, June 26, 2016 – Two new Directors of Business Development have joined Northpoint Commercial Finance’s Field Sales Organization. NSP_READMORE

FINANCING

Why Manufactured Homes Are Being Chosen By Today’s Homeowners

Why Manufactured Homes Are Being Chosen By Today’s Homeowners

by Triad Financial Services Many of us are aware of the current affordable housing crisis. Whether it be the significant increase in rent or lack of affordable options in today’s site... NSP_READMORE

FINANCING

Bob Crawford – On MHI, MHARR and a New Association

Bob Crawford – On MHI, MHARR and a New Association

by Bob Crawford In reply to your request to rate MHI's effectiveness at advocacy for independent retail/non-corporate MH business, I would have to rate it at best a 5.  NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Clayton releases top energy efficient features for manufactured and modular…

Clayton releases top energy efficient features for manufactured and modular homes.

By Clayton Homes Top energy-efficient housing features every new homebuyer should know Most Americans want an energy-efficient home, and they’re willing to make the necessary changes to help improve efficiency, whether it’s... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Frank Rolfe - Interview on MH Industry Business, Politics and Associations

Frank Rolfe - Interview on MH Industry Business, Politics and Associations

by L. A. 'Tony' Kovach There has been a wide range of comments – for, against or in between – regarding the MHProNews critique and analysis of MHI's lobbying activities,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Off The Record - Musings Of A Warped MH Mind

Off The Record - Musings Of A Warped MH Mind

by MH Industry member The recent allegations concerning MHI staff members are troublesome.   NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Proof MHPros Can Attract the Site Built Customer to Manufactured Homes and …

Proof MHPros Can Attract the Site Built Customer to Manufactured Homes and MHCommunities

by Tom Fath We met Tony (Kovach) in 2014 at the Louisville Home Show and found his firm's vision, professional services, and expertise to be in the direction our business and... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Congressional Testimony by Jayar Daily, COO, American Homestar Corporation …

Congressional Testimony by Jayar Daily, COO, American Homestar Corporation on - Future Of Housing In America: Government Regulations And The High Cost Of Housing

by L. A. 'Tony' Kovach The written testimony (linked here) to Congress by F. R. Jayar Daily, Chief Operations Officer for American Homestar Corporation and a member of MHI's board of... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Singapore Investors Turn Sights on Yes! Communities for $2Billion+

Singapore Investors Turn Sights on Yes! Communities for $2Billion+

by Matthew Silver MHProNews has learned from The Wall Street Journal that Singapore’s sovereign wealth fund, GIC, is in talks to acquire Denver-based YES! Communities from private-equity firm Stockbridge Capital Group for over $2... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

American Banking News – Key MHI Staff “Excoriated” for Failing Their Missio…

American Banking News – Key MHI Staff “Excoriated” for Failing Their Mission, Members

Matthew J Silver With Dodd-Frank, financing and CFPB related issues routinely on the minds of manufactured housing industry professionals, TheDaily Business News  has learned fromAmerican Banking News the following report on the Manufactured... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Mary McBrady says Massachusetts is Smacked with Shortage of Mid-range Homes

Mary McBrady says Massachusetts is Smacked with Shortage of Mid-range Homes

by Matthew J Silver Mary McBrady, executive director of the Massachusetts Manufactured Housing Association (MMHA), noting the shortage of mid-priced housing in Mass., and a plethora of schools and researchers interested... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Skyline Outshines other MH-related Stocks; Dow Regains 235 Point

Skyline Outshines other MH-related Stocks; Dow Regains 235 Point

by Matthew Silver In the news from CNNMoney: A Tesla 2015 S on autopilot has fatal crash, spurring Federal investigation. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tony Prevatte Chosen to Head NC MH Association

Tony Prevatte Chosen to Head NC MH Association

by Matthew Silver MHProNews has learned from robesonian that Tony Prevatte, owner of Prevatte Home Sales in Lumberton, NC has been elected president of the North Carolina Manufactured and Modular Homebuilder’s Association’s board of... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

You're Invited – 2016 RV MH Hall of Fame Induction Ceremony

You're Invited – 2016 RV MH Hall of Fame Induction Ceremony

by Barry Cole You're invited to the 2016 RV MH Hall of Fame Induction Ceremony! NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Next American Political Revolution? The Next 4th of July

The Next American Political Revolution? The Next 4th of July

by L. A. 'Tony' Kovach Those who neglect the lessons of the past are condemn to relieve them. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Letting go

Letting go

by Tim Connor, CSP Letting go is accepting that it is time to move on, to begin again and to say goodbye to your present circumstances is to make room for... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Quantity

ZigOn Quantity

by Zig Ziglar For some strange reason there are millions of us who believe that if a little of something is good for us, a lot would be even better. Sometimes... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

The Manufactured Housing Revolution – How the MH Industry Claims its MoJo

The Manufactured Housing Revolution – How the MH Industry Claims its MoJo

by L. A. 'Tony' Kovach No person, profession or organization is without challenges. The question is, what does one do about those challenges? Challenges can make or break you, a company... NSP_READMORE

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Wild Frontier RV Park | 106 Sites | Ocal…

Wild Frontier RV Park | 106 Sites | Ocala, Florida

Property Overview Wild Frontier is a 4-star RV Community located in Ocala, Florida.  There are a total of 106 RV Sites which include Park Models which stay with the Community that are currently rented.  The Community has a nice amenity package including a large clubhouse with a store, sparkling swimming pool, gathering hall, full kitchen, bathhouses, along with a coin laundry facility in which the washers and dryers are owned by the community.  The community is serviced by city water and a septic system at the present time. The city recently put municipal sewer in front of the campground which a new owner could explore connecting to if desired. This connection would add approximately 2 additional acres for RV sites. For additional sales and cap rate information, please call:  Enon Winkler(407) 616-0250enon@mhreinc.com    Christopher Nortley(586) 884-8416chris@mhreinc.com  www.mhreinc.com

the MHMSM Team 22 Jul 2016 Corporate Press Releases

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Still Time to Make Reservations for the …

Still Time to Make Reservations for the 2016 RV/MH Hall of Fame Induction Ceremonies

ELKHART, Ind. -- With only a few days left before the 2016 RV/MH Hall of Fame Induction Dinner, honoring the Class of 2016, Darryl Searer, president and CEO of the RV/MH Heritage Foundation, is encouraging friends and colleagues of this year's inductees, to make their reservations now to be part of the festivities.  Earlier Searer had suggested dinner reservations should be made no later than July 21, but he says the Foundation would be remiss to turn someone away who would like to participate in the evening's celebration because they missed the deadline.  Searer has extended the deadline through Thursday, July 28th.  Searer said, "This is not only a time to honor those industry pioneers and leaders being inducted into the Hall of Fame this year, but it is also an opportunity to...

the MHMSM Team 22 Jul 2016 Corporate Press Releases

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2016 JLT Market Reports Now Available fo…

2016 JLT Market Reports Now Available for Major Markets in Colorado, Delaware, New Jersey and Louisiana

Datacomp, publisher of JLT Market Reports, is pleased to announce that our comprehensive manufactured home community rent and occupancy reports are now available for major markets in Colorado, Delaware, New Jersey and Louisiana: Northern ColoradoSouthern ColoradoWestern Colorado (NEW)Denver Metro Greater Baton Rouge, Louisiana (NEW)Greater Lafayette, Louisiana (NEW) New Jersey Shore (NEW)Southern New Jersey (NEW) Kent County, Delaware (NEW)New Castle Delaware (NEW)Sussex County, Delaware (NEW)  hese July 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 July 2016 occupancy and rents to July 2015. Use these reports to learn more about these markets, earn greater profits, identify potential acquisitions and stay competitive.  Ordering Is Easy! Call us TOLL FREE at 800-588-5426, email reports@datacompusa.com or...

the MHMSM Team 22 Jul 2016 Corporate Press Releases

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Time Running Short to Make Reservations …

Time Running Short to Make Reservations for 2016 RV/MH Hall of Fame Induction Ceremonies

ELKHART, Ind. -- With only a few more weeks left before the 2016 RV/MH Hall of Fame Induction Dinner, honoring the Class of 2016, Darryl Searer, president and CEO of the RV/MH Heritage Foundation, is encouraging friends and colleagues of this year's inductees, to make their reservations now to be part of the festivities. The RV/MH Heritage Foundation will formally recognize the distinguished careers and lifetime achievements of our industries' most notable individuals at the 2016 Hall of Fame induction ceremony on Monday, August 1st at the RV/MH Hall of Fame and Museum in Elkhart. This year's class includes outstanding five members of the RV industry and another five from the manufactured housing industry. The RV industry inductees include Gary Bunzer, Bunzer Consulting, Inc.; Ernie F. Friesen, All Seasons RV/Redding RV; Jay C. Hesse (deceased),...

the MHMSM Team 07 Jul 2016 Corporate Press Releases

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Northpoint Commercial Finance Expands Fi…

Northpoint Commercial Finance Expands Field Sales Organization

Alpharetta, GA, June 26, 2016 – Two new Directors of Business Development have joined Northpoint Commercial Finance’s Field Sales Organization. Northpoint is a diversified finance company that provides flexible inventory lending and floor plan financing solutions. With a highly successful background in floor plan financing, Richard Derbonne will lead development efforts in Texas and Oklahoma. Derbonne joins the Northpoint team from GE Franchise Finance with deep experience gained over more than 20 years in financial services. Previously, Derbonne held senior sales and management positions with such companies as Transamerica, Bombardier, First Horizon National and GE Commercial Distribution Finance.   Based in North Carolina, Greg Nash will lead development efforts in the eastern states of North Carolina, Virginia, West Virginia, Maryland and Delaware. He brings more than 25 years of floor plan financing experience...

the MHMSM Team 28 Jun 2016 Corporate Press Releases

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