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 SAFE Mortgage Licensing Act of 2008 (the “SAFE Act”), which requires states to license loan originators, substantially restricts the ability of a small retailer or community operator to sell manufactured homes to purchasers/residents that do not qualify for financing from traditional third-party lending sources.  These problems are exacerbated by the Dodd-Frank Act’s changes to the Truth in Lending Act.  Nonetheless, appropriately drafted licensing de minimis exemptions may provide some relief to small retailers and community operators.

Background

After implementing the SAFE Act, each state now requires mortgage loan originators to be licensed or registered.  While the licensing requirements may vary across states, most states define a “mortgage loan originator” as an individual who, for compensation or gain or in the expectation of compensation or gain, takes a residential mortgage loan application or offers or negotiates the terms of a residential mortgage loan, which is defined to include a loan secured by a manufactured home.  Without some relief, a small retailer or community operator will need at least one licensed mortgage loan originator to offer financing. 

In addition to individual licensing, entity level licensing may also be required.  As a result of the manner in which several states implemented the SAFE Act, entity level licensing may include a mortgage banker or mortgage lender license, as opposed to, or in addition to, the installment sales/sales finance and consumer loan licenses that historically applied to manufactured housing finance transactions.  The licensing and compliance burdens imposed on a mortgage banker or mortgage lender are generally greater than those that would have previously applied to a lender making a home-only loan.

Without de minimis exemptions or other relief, these licensing burdens, as well as the associated cost, may prohibit small retailers and community operators from providing in-house financing to potential purchasers/residents.  For a de minimis exemption to provide the necessary relief to the manufactured housing industry, it must provide relief for transactions that are not secured by real estate.  In addition, exemptions must provide relief for the individual engaged in mortgage loan originator activity and the entity that is providing financing. 

State De Minimis Exemptions

 By our count to date, twenty-five states have adopted thirty mortgage loan originator de minimis exemptions.  These states include: Alabama, Arizona, Colorado, Connecticut, Idaho, Indiana, Kentucky, Louisiana, Maine, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, West Virginia, Wisconsin, and Wyoming. 

While there are several states with de minimis exemptions, only six provide full relief to the manufactured housing industry.  These states include: Arizona, Indiana, Maine, Montana, Pennsylvania, and Wisconsin.  New Jersey also recently adopted a de minimis exemption that provides full relief, but the exemption only extends to transactions involving manufactured homes that are located in communities. 

In these states, an individual is exempt from mortgage loan originator licensing even if he or she does not own the home that is the subject of the transaction and the individual is not the source of financing.  In addition, these states either have entity level de minimis exemptions for the individual or entity that is providing financing or do not have entity level licensing for home-only transactions. 

Indiana has good examples of de minimis exemptions that provide full relief to the manufactured housing industry.  In Indiana, mortgage loan originator and entity level licensing are required for those that regularly engage in a regulated activity.  With respect to mortgage loan originator licensing, “regularly engaged” is defined to mean: (a) engaged in the business of a mortgage loan originator on more than five mortgage transactions in the previous calendar year, or who expects to engage in the business of a mortgage loan originator on more than five mortgage transactions in the current calendar year; or (b) served as the prospective source of financing on more than five mortgage transactions in the previous calendar year, or who expects to serve as the prospective source of financing, or perform other phases of originations, on more than five mortgage transactions in the current calendar year.  Similarly, with respect to entity level licensing, “regularly engaged” is defined to mean: (a) extended or originated more than five first lien mortgage transactions in the preceding calendar year; or (b) extends or originates, or will extend or originate, more than five first lien mortgage transactions in the current calendar year if the person did not extend or originate more than five first lien mortgage transactions in the preceding calendar year. 

Other States

Eight of the de minimis exemptions provide limited relief because either the individual level or entity level licensing de minimis exemptions apply only to transactions involving real property. 

Nine of the de minimis exemptions provide limited relief because they require the individual that is engaged in mortgage loan originator activities to actually be the source of financing. Seven of these exemptions also require the individual that is providing financing to also own the subject home.  In addition, there are three de minimis exemptions that are not conditioned on the individual engaged in mortgage loan originator activity providing financing, but do require that the individual own the subject home.  

The de minimis exemptions described in the preceding paragraph are problematic from the standpoint of a small retailer or community operator because individual employees engaged in mortgage loan originator activities will not be the ones providing financing and will not own the subject manufactured homes. 

Authority for a State to Adopt a De Minimis Exemption

The SAFE Act required individuals engaged in the business as loan originators to either be federally registered as loan originators or licensed as state-licensed loan originators.  The SAFE Act directed the Federal Banking Agencies to establish a federal registration requirement for loan originators employed by depository institutions and their subsidiaries.  The SAFE Act also sets forth minimum standards that states are required to have in place with respect to mortgage loan originator licensing.  If a state failed to adopt or fails to maintain those minimum standards, HUD (now the Consumer Financial Protection Bureau (“CFPB”)) will administer licensing in the state. 

In their rules, the Federal Banking Agencies and HUD took different approaches when they interpreted the meaning of “engaged in the business,” as the term is used in the SAFE Act.  The Federal Banking Agencies adopted a de minimis exemption for an individual that has never been registered or licensed as a mortgage loan originator and that acts as a mortgage loan originator for five or fewer loans during the prior twelve months.  

On the other hand, HUD’s rule provides that an individual engages in the business of a loan originator if he or she engages in a commercial context “habitually and repeatedly,” which may be met “either if the individual who acts as a loan originator does so with a degree of habitualness or repetition, or if the source of prospective financing provides mortgage financing or performs other origination activities with a degree of habitualness or repetition.”

This divergence in interpreting the meaning of “engaged in the business” likely resulted from the different roles that the Federal Banking Agencies and HUD were to play in connection with the SAFE Act.  Nonetheless, the Dodd-Frank Act transferred rulemaking authority under the SAFE Act, both for federal registration and state licensing standards, to the CFPB.  As a result, if a state were to adopt a de minimis exemption that is consistent with the rule adopted by the Federal Banking Agencies and the rule adopted by HUD, the CFPB cannot object.  If the CFPB objected to such a de minimis exemption, it would be taking a position contrary to its own regulations that interpret the meaning of “engaged in the business.” 

The de minimis exemption adopted by the Federal Banking Agencies (now a CFPB regulation) and the fact that the CFPB has not taken over licensing of mortgage loan originators in any state that has adopted a de minimis exemption should provide the necessary support to show a state legislator or a state regulator that a de minimis exemption is authorized by the SAFE Act.##

McGlincheyStafford-logo-posted-on-mhpronews-comBy:   

Marc J. Lifset, J.D.

Jeffrey P. Barringer, J.D.

Daily Business News Briefs

County Commission Tackles Tiny Homes

County Commission Tackles Tiny Homes

In Walker County, Georgia last week, the County Planning Commission took on a big task… how to regulate “tiny homes.” According to the Times Free Press, during a work session, the commission settled on some rules – a tiny home in Walker County should be no bigger than 500 square feet, it should sit on […]...

23 Mar 2017

NSP_READMORE

Nation Seeks Affordable Housing Solutions, Looks to Modular

Nation Seeks Affordable Housing Solutions, Looks to Modular

In its search for affordable housing solutions, representatives from the island of Borneo, which includes the nations of Brunei, Malaysia, and Indonesia, arrived in China this week to discuss potential options. According to Borneo Today, a delegation from the Ministry of Housing and Urbanization, and Sarawak Housing and Real Estate Developers’ A...

22 Mar 2017

NSP_READMORE

UMH Rises, Manufactured Housing CV Down, Broader Markets Mixed

UMH Rises, Manufactured Housing CV Down, Broader Markets Mixed

Noteworthy headlines on – CNNMoney – Terror alert: Central London on lockdown. AT&T, Verizon halt Google ads over extremist videos. Sears has “substantial doubt” that it can survive. Starbucks to add 240,000 jobs worldwide by 2021. Some bullets from Fox Business – Surveillance findings raise concern about spying on Trump Campaign: Nunes....

22 Mar 2017

NSP_READMORE

Town Battle for Modular Inclusion

Town Battle for Modular Inclusion

In the town of Independence, Louisiana, an intense battle has been brewing around allowing modular homes within town limits. According to The Daily Star, Independence Mayor Angelo Mannino asked the town board last month to consider allowing modular, saying many young couples have asked to live in the homes in town. And residents opposed to...

22 Mar 2017

NSP_READMORE

Vandalism Affects Manufactured Home Community

Vandalism Affects Manufactured Home Community

When vandalism hits, it’s never good. But when it affects a vital system, it can be extremely dangerous. According to TribLive, in Hempfield Township, Pennsylvania, residents at the Pine View Manor Mobile Home Park are now dealing with a tainted water supply due to an unknown substance being dumped into a water tower that serves […]...

22 Mar 2017

NSP_READMORE

Frank Rolfe–Manufactured Home Communities, Prospective HomeOwners Win with …

Frank Rolfe–Manufactured Home Communities, Prospective HomeOwners Win with Trump

Manufactured home community sector maverick, Frank Rolfe, has sounded off in a recent commentary, breaking down the reasons that manufactured home community owners, and prospective home buyers, win with the Administration of President Donald Trump. According the NuWire, Rolfe had plenty to say. “Whether you are Democrat or Republican, there is no q...

22 Mar 2017

NSP_READMORE

The Heat is On – Pressure Mounts on CFPB

The Heat is On – Pressure Mounts on CFPB

As the Daily Business News has covered recently, the saga of the Consumer Financial Protection Bureau (CFPB), and its embattled director Richard Cordray, has been one for the record books. Last Friday, the Trump Administration doubled down. According to USA Today, the Administration officially joined a legal challenge aimed at sharply reducing the...

21 Mar 2017

NSP_READMORE

LCI Down, Manufactured Housing CV, Broader Markets Hit Hard

LCI Down, Manufactured Housing CV, Broader Markets Hit Hard

Noteworthy headlines on – CNNMoney – Dow slides nearly 240 as fear returns to market. 8 things to know about the airline electronics ban. Twitter suspends 377K accounts for pro-terrorism content. U.K. follows U.S. on electronics ban on some flights. Some bullets from Fox Business – Billions pour into Permian Oilfield amid land grab. Lockheed...

21 Mar 2017

NSP_READMORE

Factory Build Smart Homes – With a Twist?

Factory Build Smart Homes – With a Twist?

In Dubai, United Arab Emirates (UAE), a technology company claims to be in the process of doing something that’s being called “revolutionary.” According to the Khaleej Times, Technology Company KEF Holdings expects to make their debut in the UAE in under a year, with a 40,000 square metres (131,000 square feet), fully automated, integrated offsite...

21 Mar 2017

NSP_READMORE

“Otter-ly” Surprised by New Residents

“Otter-ly” Surprised by New Residents

In Lakeport, California, residents of three different manufactured home communities were evacuated due to intense rain and flooding. After years of back-to-back fires, many residents feel pretty lucky that there was only minor damage. And the residents of the Lucky Four Resort even got new neighbors after being away. According to the Record-Bee,...

21 Mar 2017

NSP_READMORE

Nobility Homes Reports Q1 2017 Results

Nobility Homes Reports Q1 2017 Results

Nobility Homes, Inc. (OTCQX: NOBH) has announced their Q1 2017 sales results. The company reports sales increased 16 percent to $8,573,400, as compared to $7,374,050 recorded in first quarter 2016. Income from operations for first quarter 2017 was $1,056,477 versus $975,741 in the same period last year. Net income after taxes was $703,323, as...

21 Mar 2017

NSP_READMORE

New Sponsors

Featured Articles and Reports - March 2017 Vol. 8 No. 6

NSP_PREV NSP_NEXT NSP_PAGE

MH Dealer Bill Passes House – What Does it Mean?

MH Dealer Bill Passes House – What Does it Mean?

by RC Williams In the great state of Indiana, a bill recently passed in the state house regarding manufactured housing dealerships that has a rather interesting twist. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Ben Carson Confirmed as HUD Secretary, MHI and MHARR Commentary

Ben Carson Confirmed as HUD Secretary, MHI and MHARR Commentary

by RC Williams The Senate, in a 58-41 vote Thursday, has confirmed Dr. Ben Carson to be the next Secretary of the U.S. Department of Housing and Urban Development... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

DÉJÀ VU AGAIN? A New Manufactured Housing Institute (MHI) Initiative

DÉJÀ VU AGAIN? A New Manufactured Housing Institute (MHI) Initiative

by Marty Lavin, JD.  New Study I like to say to myself “If you live long enough, you’ll see it all.”  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Report, Warren Buffett, Kevin Clayton and Clayton Homes

The Report, Warren Buffett, Kevin Clayton and Clayton Homes

by RC Williams When the “Oracle of Omaha” speaks, people listen. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Federal Data Spotlights Manufactured Home Industry Quality, Regulatory Ques…

Federal Data Spotlights Manufactured Home Industry Quality, Regulatory Questions

by Soheyla Kovach WASHINGTON, D.C. – With over 81,100 manufactured homes built last year, more than 99.99 percent of all manufactured home buyers had service issues satisfied through normal channels... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Service Animals, Fair Housing, and You

Service Animals, Fair Housing, and You

by Nadeen Green, JD For those of us who teach and write about fair housing, we have come to learn that the topic of service animals is the one... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Richard Jennison, Manufactured Housing Institute, Worth Millions to MH Indu…

Richard Jennison, Manufactured Housing Institute, Worth Millions to MH Industry? Facts from MHI Report

L. A. ‘Tony’ Kovach The Manufactured Housing Institute, and its president and CEO, Richard A. Jennison, are required as a tax-exempt organization to keep and file certain records.  One... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

New NAR Report Points To Manufactured Housing Opportunities

New NAR Report Points To Manufactured Housing Opportunities

by L. A. ‘Tony’ Kovach “When the National Association of Realtors chief economist says there are more buyers than existing homes available on the market, that should be a... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Closed | 33 Sites | Woodmont Trailer Park | Farmington Hills, Michigan

Closed | 33 Sites | Woodmont Trailer Park | Farmington Hills, Michigan

by Christopher Nortley Woodmont Trailer Park - Farmington Hills, MI NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Triad Financial Services Introduces Superior Choice Credit Union to Manufac…

Triad Financial Services Introduces Superior Choice Credit Union to Manufactured Housing Industry, Video

by Soheyla Kovach Every year for many years now, Darrell Boyd, Senior Vice President from Jacksonville, Florida based Triad Financial Services brings banks, credit unions, investors and other financial services professionals... NSP_READMORE

FINANCING

Industry Lender Announces Name Change

Industry Lender Announces Name Change

After much consideration the San Antonio Federal Credit Union (SACU)/CU Factory Built Lending (CUFBL)/Mountainside Financial is excited to announce that we are changing our name to Credit Human... NSP_READMORE

FINANCING

Industry Feedback About the Manufactured Housing Institute, Image, Industry…

Industry Feedback About the Manufactured Housing Institute, Image, Industry Hassles, and Advancement

by L. A. ‘Tony’ Kovach A very thoughtful message from a widely-known industry leader is quoted below. NSP_READMORE

FINANCING

SECURITY MORTGAGE GROUP Income Property Specialists

SECURITY MORTGAGE GROUP Income Property Specialists

byPierce Redmond ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have provided $30,000,000 in financing for several manufactured home communities nationwide... NSP_READMORE

FINANCING

Modular Tapped to Help City With Housing Needs

Modular Tapped to Help City With Housing Needs

by RC Williams In Belgrade, Montana, the Human Resource Development Council (HRDC) has looked to modular housing as a solution to what the organization calls “immense affordable housing needs.” NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Evolution of 3D Printed Homes?

The Evolution of 3D Printed Homes?

by RC Williams When it comes to 3D printed homes, companies around the world have been working to perfect the ideal system, including Beijing-based HuaShang Tengda, which printed a two-story... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Skyline Corporation Makes Executive Announcement

Skyline Corporation Makes Executive Announcement

by RC Williams Skyline Corp. (NYSE: SKY) tells MHProNews that Jeff Newport has been promoted to Chief Operating Officer. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Lost Modular Jobs Set to Return?

Lost Modular Jobs Set to Return?

by RC Williams Once known for its booming modular and manufactured home industry, Oxford, Maine has been dubbed the “Manufactured Housing Capital of New England.” NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Scam Alert! Professionals Warned

Scam Alert! Professionals Warned

by Soheyla Kovach Fox News and most mainstream media sources are urging caution to professionals and others answering cell phones and landlines from incoming calls from an “unknown caller” or... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Habits to Make or Break for a Cleaner, Healthier Home

Habits to Make or Break for a Cleaner, Healthier Home

by RC Williams It never fails. No matter how much you clean, it always seems that something comes up, spills, or gets dirt on it. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Home Plants May Become Tiny House Production Centers

Manufactured Home Plants May Become Tiny House Production Centers

by RC Williams In Carbon Hill, Alabama this week, the City Council heard about a possible plan from developers to use a couple of old manufactured home plant facilities... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Pending Home Sales Numbers Released

Pending Home Sales Numbers Released

by RC Williams The report is in from the National Association of Realtors (NAR). NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Zoning Changes Could Affect Manufactured Housing

Zoning Changes Could Affect Manufactured Housing

by RC Williams The Washington County, Maryland Board of Commissioners is holding a public hearing today regarding several proposed changes to the county’s zoning ordinance, including ones that affect... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

MHARR: President Trump’s Actions Offer Major Opportunity for MH Industry an…

MHARR: President Trump’s Actions Offer Major Opportunity for MH Industry and Consumers

by RC Williams Washington, D.C., February 28, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that Executive Orders issued by President Trump within the past thirty days... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2017 Tunica Manufactured Housing Show Looms, Final Brochure, Schedule Provi…

2017 Tunica Manufactured Housing Show Looms, Final Brochure, Schedule Provided

The Largest Manufactured Housing Show in the United States The Tunica Show has more homes than any other industry event! In 2016 The Tunica Show registered retailers, builder/developers, community owners/operators,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Business Building Tunica Show Educational Seminars

Business Building Tunica Show Educational Seminars

by Dennis Hill On Tuesday, March 28th,  at the Resorts Hotel – 2nd Floor, Magnolia Room, you can discover this year’s business building educational seminars.  Here is the lineup and... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Executive Summary – 400 Words – Manufactured Housing Industry Obstacles and…

Executive Summary – 400 Words – Manufactured Housing Industry Obstacles and Billions in Opportunities

by L. A. ‘Tony’ Kovach It could be boiled down to the 3-letter acronym at the end. Let’s first take a 400 word walk through the top obstacles and... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Lancing the MH Industry’s Boil

Lancing the MH Industry’s Boil

by Soheyla Kovach Let’s use the analogy of a pimple, cyst, or boil.  NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

HUD Code Manufactured Home Production Increases, January Report

HUD Code Manufactured Home Production Increases, January Report

by RC Williams Washington, D.C., March 6, 2017 – The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that, according to official statistics compiled on behalf of the U.S. Department of... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

SWOT Analysis – Marketing, Sales & Management Tool for Manufactured Housing…

SWOT Analysis – Marketing, Sales & Management Tool for Manufactured Housing Success

by L. A. ‘Tony’ Kovach To truly understand a location, business or organization - and its potential - a SWOT analysis is useful management tool. NSP_READMORE

MANAGEMENT

The Uncertainties of Life

The Uncertainties of Life

by Tim Connor, CSP Many people today struggle with the need to know what will happen tomorrow, next week or even this year. Some have the need to try... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Which Life Season are You in?

Which Life Season are You in?

by Tim Connor For the past 200 plus years we have experienced an economic downturn and uncertainty every 8-15 years. I am not a pessimist.  I am a realist.  NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

TunicaManufacturedHousingShowSunshineHomesAnimatedGif670x290

You Might Like

MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Manufactured Home Community Loans – Secu…

Manufactured Home Community Loans – Security Mortgage Group

Click the above to learn more about programs that are tailored to your specific needs. ##

the MHMSM Team 21 Mar 2017 Corporate Press Releases

NSP_READMORE

MHARR Appeals to HUD Secretary - Dr. Ben…

MHARR Appeals to HUD Secretary - Dr. Ben Carson - Allow Private Sector to Boost Homeownership, Save Taxpayers, by Enforcing Federal Law

“We’re going to be in the promise keeping business.” - Vice-President Mike Pence.  “We're going to enforce the law of this country.” – Then VP candidate, Gov. Mike Pence.  “We're going to enforce the law…” – President of the United States, Donald J. Trump.  “Ben Carson has a brilliant mind and is passionate about strengthening communities and families within those communities. We have talked at length about my urban renewal agenda and our message of economic revival, very much including our inner cities. Ben shares my optimism about the future of our country and is part of ensuring that this is a Presidency representing all Americans. He is a tough competitor and never gives up.” – Then President-elect of the United States, Donald J. Trump.  “I look forward to listening to the concerns of the American people in order...

the MHMSM Team 21 Mar 2017 Corporate Press Releases

NSP_READMORE

Tawas River MH/RV Park | 165 Sites MH/RV…

Tawas River MH/RV Park | 165 Sites MH/RV | Tawas City, Michigan

Property Overview MHRE is pleased to present Tawas River MH/RV Park located in Tawas City, Michigan. The community consists of 100 RV sites, 2 single family homes, and 65 mobile home sites, of which there are 8 park owned homes. With direct access to Tawas River and Tawas Bay, the park offers many amenities for guests to enjoy the riverfront. Fishing and boat launching are available right at the park. Since 2010, the park has undergone improvements that includes road repaving and sewer and electrical infrastructure. Tawas River MH/RV Park typically enjoys high seasonal occupancy, and several RV sites are occupied by seasonal tenants who keep their RVs at the park year-round. Currently, the mobile home sites are at an 80% occupancy and the annual RV sites are at a 56% occupancy. Investment...

the MHMSM Team 21 Mar 2017 Corporate Press Releases

NSP_READMORE

2017 Tunica Manufactured Housing Show Lo…

2017 Tunica Manufactured Housing Show Looms, Final Brochure, Schedule Provided

The Largest Manufactured Housing Show in the United States The Tunica Show has more homes than any other industry event! In 2016 The Tunica Show registered retailers, builder/developers, community owners/operators, and installers from all over the region. The show drew 1,932 attendees this past year, from an expansive region which stretched from Illinois all the way to East Texas. The number of attendees actually exceeded our expectations and even surpassed last year's attendance numbers. This is a significant coup for the Tunica Show, because it means new business relationships abound! This year, 70 new model homes are expected to be featured at the show. These models will offer a firsthand look at the latest technology, conveniences, efficiency, and stateof-the-art design modifications that have been developed during the past year. The don't-miss showcase of homes...

the MHMSM Team 05 Mar 2017 Corporate Press Releases

NSP_READMORE

RV/MH Hall of Fame Sets Dates and Agenda…

RV/MH Hall of Fame Sets Dates and Agenda for the 2017 Induction Dinner

ELKHART, Ind. -- The RV/MH Hall of Fame's Annual Induction Dinner honoring the Class of 2017 will be held on August 7, 2017, at the Hall of Fame's Northern Indiana Event Center in Elkhart, Indiana, according to Darryl Searer, president, RV/MH Hall of Fame (Hall). Searer said, "Our 2017 Induction Dinner celebration begins at 5:30 p.m. with a cash bar cocktail party, followed by the dinner and induction ceremonies at 6:30 p.m . I hope a record number of friends and colleagues of the inductees and industry members will join us in honoring these outstanding industry pioneers who have had a major impact on our professions and lives." Those being inducted in the Class of 2017 include:  RV Inductees Edwin BaierEvergreen RV SupplyWalter BennettThor IndustriesDavid GorinDavid Gorin Associates LLCWoody PaylorWoody's RV WorldMartin SheaMadison RV Supercenter, Inc. MH Inductees Dennis BeadleVictorian HomesChristine LindseyUMH...

the MHMSM Team 03 Mar 2017 Corporate Press Releases

NSP_READMORE

Closed | 33 Sites | Woodmont Trailer Par…

Closed | 33 Sites | Woodmont Trailer Park | Farmington Hills, Michigan

Woodmont Trailer Park - Farmington Hills, MI MHRE closed on  Woodmont Trailer Park in Farmington Hills, MI to an undisclosed buyer for  a undisclosed price. Woodmont Trailer Park is a 2-star community, built in 1952 with 32 sites and 1 apartment.  Included in the sale were 21 homes of which 13 were leased and 8 vacant.  MHRE represented the buyer.   Christopher Nortley, Managing Partner with MHRE commented “Woodmont was a mis-managed property that needed an infusion of capital and a new vision. With a Class A location, only 4 blocks from Beumont Hospital, which currently is in the process of a $160,000,000 expansion, makes the community ideal to be converted to a senior community.”   MHRE Inc. specializes in the sale of family and age-restricted manufactured home and RV communities across the country.  Please contact us...

the MHMSM Team 27 Feb 2017 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
Banner