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MHI sent a letter to the Federal Reserve Board regarding a requirement that all "higher priced loans," including personal property loans, must have escrow accounts. Click here to view the letter. As the letter points out, the lack of a unified, systematic process for the collection of taxes among local governmental entities will force lenders to cease providing manufactured housing personal property loans. In light of these and other compliance difficulties, MHI requested that personal property loans for manufactured homes be exempt from the escrow requirements. Thanks go to Don Glisson of Triad Financial Services, Inc. who shared with MHI a similar letter sent by the Independent Community Bankers Association relating to the escrow issue.

Source: MHI Newswire

Daily Business News Briefs

Sunday Morning Recap – January 18, 2015 to January 24, 2015

Welcome back to those of you who attended the Louisville Manufactured Housing Show this week.  No doubt, you are still thinking about all the interesting people you met, new homes you viewed, and numerous ideas you learned at the show. Now, it’s time to put your feet up and read some of the stories in our […]...

25 Jan 2015

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2015 Louisville Manufactured Housing Show Initial Report

The final numbers are NOT yet in on the verified and refined totals for the 2015 Louisville Manufactured Housing Show.   But the flash report, linked here, indicates that the show grew once more in attendance. The mood was reported as upbeat, according to Midwest Manufactured Housing Federation (MMHF) executives and Chairman Ron Thomas Sr. ...

24 Jan 2015

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After 4-1/2 Years of Effort, Residents of a Montana MH Community Celebrate …

After 4-1/2 Years of Effort, Residents of a Montana MH Community Celebrate the Purchase of Their Community

Residents of Trailer Terrace, a manufactured home community 1.7 miles south of Great Falls, Montana, are celebrating the purchase of their community.  This has been a long time in coming, after many years of enduring unsafe water and sewer conditions. Residents of the 90-home property now own the 22-acre site and control the fate of […]...

23 Jan 2015

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Nasdaq Leaves Dow, S&P in Dust Friday – All Three Gain for Week. MHC Va…

Nasdaq Leaves Dow, S&P in Dust Friday – All Three Gain for Week. MHC Values See Slight Increase

While MHCV stocks went up 0.37% almost all of the MHCV stocks we track went down. Exceptions: TAVFX 1.83% Jan. 22, CG 1.54%, PATK 0.89%, SKY 0.29%, KMP 0.09%. Marketwatch tells MHProNews that U.S. stocks ended mostly lower Friday, breaking a four-day winning streak for the S&P 500 and Dow industrials, but equities maintained solid […]...

23 Jan 2015

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Houston, you may have a housing problem.

Houston, you may have a housing problem.

According to CNN Money, “Houston, you may have a housing problem.” The fact that oil prices continue to decline is not unexpected for those who have lived through many “boom and bust” periods in the oil industry.  Houston has always built its fortunes on the oil industry, and it looks like things are going to […]...

23 Jan 2015

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New Home Sales in 2015 Expected to Increase and Focus on First-Time Homebuy…

New Home Sales in 2015 Expected to Increase and Focus on First-Time Homebuyers

Observing trends and results in the sale of stick-and brick-homes can frequently give some clues as to what to expect in the coming year for all home sales including factory-built homes. The Wall Street Journal shares with MHProNews some observations and predictions they have made from analysis of fourth-quarter results from some of the nation’s [...

23 Jan 2015

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Universal Forest Products Acquires Majority Interest in Australian Packagin…

Universal Forest Products Acquires Majority Interest in Australian Packaging Company

On January 16, Universal Forest Products, Inc. (NASDAQ: UFPI) announced that one of its subsidiaries had closed on the purchase of a majority interest in Integra Packaging Proprietary, Ltd., a manufacturer and distributor of integrated packaging products based in Brisbane, Australia. Founded in 1995, Integra has two locations in Eastern Australia w...

23 Jan 2015

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Rep. Pascrell Wants Better Plan from NJ Gov. Christie to Help Residents Who…

Rep. Pascrell Wants Better Plan from NJ Gov. Christie to Help Residents Who Lost Manufactured Homes in Hurricane Sandy

Yes, Hurricane Sandy occurred back in 2012, but there are still people living in the state of New Jersey whose manufactured homes were destroyed in the storm, and who have not received any compensation for their losses. Now Rep. Bill Pascrell, Jr., (D-NJ) thinks that New Jersey Governor Chris Christie needs to spell out a […]...

22 Jan 2015

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Dow jumps over 250 after ECB announces stimulus. MHC Values Continue to Dip

Dow jumps over 250 after ECB announces stimulus. MHC Values Continue to Dip

Overall, MHCV stocks declined 21.3 points from yesterday to 516.1 (-3.97%), but surprisingly, almost all of the MHCV stocks we track saw an increase in value.  Examples: AMG 4.03%, LPX 3.62%, DW 3.56%, UMH 3.16%, SUI 2.15%. It seems that financial experts cannot agree on what to say about the direction of the stock market […]...

22 Jan 2015

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UMH Properties, Inc., Announces New Acquisition

UMH Properties, Inc. (NYSE: UMH) announced today that it has closed on the acquisition of Holly Acres, a manufactured home community in Erie, Pennsylvania.  The purchase price was $3,800,000. PR Newswire tells MHProNews that this all-age community contains a total of 141 developed homesites located on approximately 40 acres. The average occupancy f...

22 Jan 2015

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Two Manufactured Home Communities in Bradenton, Florida, Sell to Different …

Two Manufactured Home Communities in Bradenton, Florida, Sell to Different Buyers for Total of $13 Million

The Bradenton Herald tells MHProNews that two adult living manufactured home communities in Bradenton, Florida, sold this month within days of each other, for a combined amount of $13 million.   DeSoto Mobile Estates, 1219 51st Ave., sold to Palm Cove MHC LLC, for $8 million on January 14, according to property records. The seller […]...

22 Jan 2015

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Featured Articles and Reports - January 2015 Vol. 6 No. 4

Prev Next Page:

Could Your World Be Rocked?

Could Your World Be Rocked?

by Nadeen Green, JD When you want to sell your manufactured homes, do you hope that a potential purchaser will be able to secure a mortgage to be able to buy... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

WTF? OMG! This Case Made Me ROFLOL and Almost LMAO

WTF? OMG! This Case Made Me ROFLOL and Almost LMAO

by David Baker, JD When you see the acronym “WTF,” do you think of chewing gum? Probably not. Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

A Template to Initiate Image Change for the Future of Affordable Quality Li…

A Template to Initiate Image Change for the Future of Affordable Quality Living

by Steven Lefler The term often heard in business is “The Customer is King.” When people demand change from the existing “status quo” product they purchase, often the folks who need... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Introducing Sandra Lane, with Manufactured Housing's Daily Business News

Introducing Sandra Lane, with Manufactured Housing's Daily Business News

by L. A. “Tony” Kovach Sandra Lane is a fourth-generation Texan who has spent most of her life in the Dallas-Fort Worth area. A couple of years ago, she responded to... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Background to MHI’s last Manufactured Housing Image Campaign

Background to MHI’s last Manufactured Housing Image Campaign

by John Evans This idea of a manufactured housing (MH) image campaign is not new, nor was it new in 2006.  After several years with MHI, Jerry Connors decided to leave. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Sickness

Sickness

by Bob Vahsholtz,  People get sick. Sometimes they recover; sometimes not. Eventually, they die. Companies are similar, as are nations. Industries can also get sick. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Selling More Homes - Why I'm Making the Winter Trip to the Louisville Manu…

Selling More Homes -  Why I'm Making the Winter Trip to the Louisville Manufactured Housing Show

by Dwayne Somerville In our part of Texas, the winters are mild. By comparison, Louisville KY last January sounds like it was an ice cube! So why should we go to... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Gary P. McDaniel

A Cup of Coffee with…Gary P. McDaniel

1) Who, What and Where: (Your name and your formal title at Yes! Communities/ BaseCamp Capital). A). Gary McDaniel, CEO Yes Communities, Inc, Senior Managing Partner Base/Camp Capital . Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Road to Success in 2015

The Road to Success in 2015

by Dennis Hill Let's begin with a modern infographic style bullet points, sharing the first 5 reasons you should be in Louisville the minute the show opens on January 21. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What Is All The Fuss About Subpart I? Here is The Story

What Is All The Fuss About Subpart I? Here is The Story

by Ron D'Ambra As all serious manufactured housing pros know, back in 1976, the Federal Government issued a standard set of rules and regulations governing the manufacturing, sales and service for... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Few Good Men (and Women)...It's About Time

A Few Good Men (and Women)...It's About Time

by L. A. 'Tony' Kovach A survey of outlooks by MH Pros brings a wide variety of viewpoints. Some think we are a dying industry, and may not know it. Others... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Housing Errata

Manufactured Housing Errata

by L. A. "Tony" Kovach To be a credible voice in and for Manufactured Housing, one must be willing to make corrections. Those corrections include correcting our own errors. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Ocwen and the Golden Rule Lessons that Paid off for Clayton Homes

Ocwen and the Golden Rule Lessons that Paid off for Clayton Homes

by Sandra Lane In the early 2000s, when the manufactured housing industry went into a tailspin, Clayton Homes continued to be profitable. All HUD Code manufactured home builders downsized, many closed... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What's ahead for Manufactured Housing Image in 2015?

What's ahead for Manufactured Housing Image in 2015?

by L. A. 'Tony' Kovach This will be a short and sweet survey of the more visible efforts underway to launch some level of PR or Image campaigns for the Manufactured... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Do you need to recharge your battery for 2015?

Do you need to recharge your battery for 2015?

by Tim Connor, CSP Few people can go a hundred miles an hour  – day after day after day – without a break of some kind. Read more

MANAGEMENT

Are you an Invalidator or Encourager

Are you an Invalidator or Encourager

by Tim Connor, CSP As a manager, one of your primary roles is to be an encourager.  Today, more than ever, employees need to feel worthwhile, validated and valued. Read more

MANAGEMENT

ZigOn Overcoming The Odds

ZigOn Overcoming The Odds

by Zig Ziglar His name is Gabriel Hjertstedt (YERT-stet) and he participated in the 1998 Masters Golf Tournament in Augusta, Georgia. Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

Bill Matchneer, Dick Jennison and Ron Th…

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

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

the MHMSM Team 12 Jan 2015 Corporate Press Releases

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Fairmont residents purchase community

Fairmont residents purchase community

Download pdf Fairmont residents purchase community

the MHMSM Team 11 Jan 2015 Corporate Press Releases

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Tunica manufactured home show 2015 updat…

Tunica manufactured home show 2015 update

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

the MHMSM Team 11 Jan 2015 Corporate Press Releases

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2015 Louisville Manufactured Housing Sho…

2015 Louisville Manufactured Housing Show New-Year Updates!

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

the MHMSM Team 02 Jan 2015 Corporate Press Releases

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Gala New Years Eve Celebration to Benefi…

Gala New Years Eve Celebration to Benefit RV/MH Hall of Fame

ELKHART, Ind., -- Jeff White, vice president of operations for the RV/MH Hall of Fame and the Northern Indiana Event Center, invites everyone to celebrate the new year at a festive 2014 New Years Eve Celebration at the Northern Indiana Event Center in Elkhart onWednesday, December 31. The upscale casual party begins at 7:30 p.m., with live dance music performed by the popular local band, Mulligan's Island.  A DJ, photo booth and a the live broadcast from Times Square for the ball drop are also being provided by D&T Productions.. The bill of fare includes appetizers, an Italian-style buffet, dessert, late night snacks and a champagne toast at midnight, all prepared by locally owned Rulli's Italian Restaurant.  White said, "We'll even accommodate party-goers who have special dietary requests such as gluten free, vegetarian or other...

the MHMSM Team 16 Dec 2014 Corporate Press Releases

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More than $350,000 Already Pledged M…

More than $350,000 Already Pledged     Manufactured Housing Industry Leaders Stepping Up in Support of the $1 Million

ELKHART, Ind. - Darryl Searer, chairman and president of the RV/MH Hall of Fame (Hall), is encouraged by the early support of the "Kevin Clayton Debt Elimination Challenge" fund raising campaign.  Commitments are coming in from large and small companies, as well as individuals. Searer said, "Our goal is to raise $1 million in this campaign over the next 3 to 5 years.  These new pledges, plus Kevin Clayton's initial pledge of $200,000, means that we are more than 35% there in only a few weeks since the campaign was announced."   Pledges to date and donations include: * Kevin Clayton, Clayton Homes pledged $40,000 per year for 5 years. Total of $200,000* Gary McDaniel, YES! Communities, pledged $25,000 per year for the next three years. Total $75,000* Joe Stegmayer, Cavco Industries, Inc., pledged $10,000 per year...

the MHMSM Team 10 Nov 2014 Corporate Press Releases

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