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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

Montana County Tightens Restriction on Manufactured Homes

Montana County Tightens Restriction on Manufactured Homes

MHProNews has learned from mtsandard the Butte-Silver Bow Planning Board in Montana voted 5-0 that no more pre-HUD Code homes (MH) be allowed to site in the county, although those already existing would be grandfathered in and allowed to stay. MH built between 1976, when the federal government mandated construction standards, and 1994 could only...

31 Mar 2015

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Cavco Industries Acquires RV and Manufactured Home Producer Chariot Eagle

Cavco Industries Acquires RV and Manufactured Home Producer Chariot Eagle

According to rvbusiness, Phoenix-based Cavco Industries, Inc. has acquired Chariot Eagle, Inc. of Ocala, Florida, a manufacturer of Park Model recreational vehicles (RVs) and manufactured homes. This will add to Cavco’s current line of park model RVs, and extend the company’s each into the southeastern U. S. Cavco’s CEO and...

30 Mar 2015

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Deer Valley Skyrockets +116.67 percent; MHCV up, Dow Surges

Deer Valley Skyrockets +116.67 percent; MHCV up, Dow Surges

The Dow Jones Industrial Average surged 263 points in today’s trading for three reasons, according to what CNNMoney tells MHProNews. The first is the high investors are riding based on Federal Reserve’s Chairwoman Janet Yellen saying the economy is not strong enough for interest rates to be raised. Secondly, the proposed merger of...

30 Mar 2015

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Housing Costs Skyrocket over 30 Years

Housing Costs Skyrocket over 30 Years

MHProNews has learned from townhall.finance that based on the U. S. government’s data, from 1984 to 2013, Americans have increased their household share of annual expenditures on housing, life insurance, pensions, education, health care and charitable contributions. Meanwhile, the per household share spent on transportation, apparel, food...

30 Mar 2015

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Rising Land Values Force Older Manufactured Home Communities Out

Rising Land Values Force Older Manufactured Home Communities Out

All across Florida many manufactured home communities (MHCs), often filled with pre-HUD Code homes, many of which are too decrepit to move or do not meet construction standards required in other communities, are being re-purposed and developed into more lucrative uses. Some are on scenic waterways that were out of the way places when they […]...

30 Mar 2015

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China Choosing Modular for Hotels, Housing

China Choosing Modular for Hotels, Housing

MHProNews has learned from wantchinatimes the China Business News (CBN) reports modular building not only reduces construction time but also can be dismantled easily, leaving small trace of debris. China’s Broad Group completed assembly of a 57-story building in 19 days, and as MHProNews reported June 4, 2013, has plans to build the...

30 Mar 2015

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Sunday Morning News Re-Cap March 22 to March 28, 2015

Sunday Morning News Re-Cap March 22 to March 28, 2015

The Tunica Manufactured Housing Show in Mississippi shared the spotlight this week with the House Financial Services Committee passing the Preserving Access to Manufactured Housing Act out of committee and headed to the House floor for a vote. Additionally, IKEA prepares to ship 10,000 durable modular shelters to Iraqi homeless and questions...

29 Mar 2015

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2015 Tunica Manufactured Housing Show Flash Report

2015 Tunica Manufactured Housing Show Flash Report

The 2015 Tunica MH Show is now in the history books. While final numbers need to be cross checked and adjusted for accuracy, the first word heard is that the new location at the Hollywood and Resorts Hotels and Casinos near Tunica MS drew more attendees than the previous year. Dennis Hill with Show Ways […]...

28 Mar 2015

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Will Higher Interest Rates Affect the Housing Market?

Will Higher Interest Rates Affect the Housing Market?

According to what housingwire tells MHProNews, Motley Fool got opinions from three of their analysts abut the effect of rising interest rates, which the Federal Reserve will very likely raise in either the second or third quarter. Matt Frankel says marginally higher interest rates will not impact the real estate market that significantly because,...

28 Mar 2015

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Operation Choke Point Examined by Subcommittee

Operation Choke Point Examined by Subcommittee

The Financial Services Committee informs MHProNews that the Oversight and Investigations Subcommittee held a hearing to scrutinize the role of the Federal Deposit Insurance Corporation (FDIC) in shuttering legitimate businesses by closing their bank accounts. The only witness at the hearing was FDIC Director Martin Gruenberg. Termed Operation...

27 Mar 2015

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MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown

MHCV Out Performs the Dow, as Fed Head Yellen Notes Economy Slowdown

“If underlying conditions had truly returned to normal, the economy should be booming,” said Federal Reserve Chairwoman Janet Yellen said in a talk in San Francisco. She ticked off a few other considerations: The strong dollar is hurting exports, lower oil prices have led to reduced drilling, and the housing market recovery has slowed....

27 Mar 2015

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Featured Articles and Reports - March 2015 Vol. 6 No. 6

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Back to the Future? Back to the Past?

Back to the Future?  Back to the Past?

by Nadeen Green, JD I have never been good at understanding the issues that would be presented if time travel were to become a possibility. Heck, I have troubles following the... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Latest on the CFPB and Finance Regulations

The Latest on the CFPB and Finance Regulations

by Bill Matchneer, JD At the upcoming Tunica Manufactured Housing Show, I will be discussing some difficult problems that new CFPB regulations have caused for the manufactured housing housing industry. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Financing for Manufactured Homes in Lease Communities bill

Financing for Manufactured Homes in Lease Communities bill

by Sandra Lane A bill proposed by the Iowa Manufactured Housing Association (IMHA) to create a special funding program for manufactured housing loans was passed in their state's House Economic Growth... NSP_READMORE

FINANCING

Understanding How Electricity is Used

Understanding How Electricity is Used

by Steve Lefler Many questions are asked by potential home buyers on energy efficiency in new home construction. The primary question most often asked is how much will my electric bill... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

What If HUD’s building code for manufactured housing was eliminated?

What If HUD’s building code for manufactured housing was eliminated?

by Steve Lefler The Federal Government needs to consolidate its agencies to control costs. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2015 Louisville Manufactured Home Show Report & MH Communities Lessons Lear…

2015 Louisville Manufactured Home Show Report & MH Communities Lessons Learned

by Mary O'Hara What’s special about the Louisville Manufactured Housing Show? The homes on display of course! The 2015 Show didn’t disappoint. Dozens of attractive, innovative, affordable homes were on display. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

I Heard It Thru The Grapevine

I Heard It Thru The Grapevine

by Ron D'Ambra Recently there has been a lot of conversation and speculation on the longevity and growth of the manufactured housing industry. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Revisit the Paradigm

Revisit the Paradigm

by Bob Vahsholtz A topic on the forefront of today’s MH thinking is the challenge of finance. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The NEW Tunica Manufactured Housing Show - Reborn for 2015!

The NEW Tunica Manufactured Housing Show - Reborn for 2015!

by Dennis Hill The industry didn't realize it, but we dodged a bullet last year in keeping the Tunica MH Show's uninterrupted run. The old show site was lost due to... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Scott Roberts

A Cup of Coffee with…Scott Roberts

1) Who, What and Where: (Your name and your formal title at Roberts Resorts). Scott Allen Roberts, Chief Executive Officer of Roberts Resorts & Communities. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Showcasing The Good, Bad and the Ugly = Ticket To Manufactured Housing Succ…

Showcasing The Good, Bad and the Ugly = Ticket To Manufactured Housing Success?

by L. A. 'Tony' Kovach As Sandra Lane recently reported in the Daily Business News, a third party report by the GIA recently project that manufactured housing would double by 2020. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tunica Manufactured Housing Show Videos!

Tunica Manufactured Housing Show Videos!

by L. A. “Tony” Kovach If you've not been to the Tunica Manufactured Housing Show in the past few years, what's the best way to see what the show will be... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Stress is an employee performance killer

Stress is an employee performance killer

by Tim Connor, CSP Stress is the single biggest contributor to; -Poor morale NSP_READMORE

MANAGEMENT

Exit Strategies or is it Time to Pull the Trigger

Exit Strategies or is it Time to Pull the Trigger

by Tim Connor, CSP I can’t tell you how many times I have observed clients: develop new products, NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Gossip

ZigOn Gossip

by Zig Ziglar We frequently hear little jokes about gossip, like the two people who were talking and one said, "I can't tell you any more. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

There are three types of salespeople

There are three types of salespeople

by Tim Connor, CSP Yes, there are lots of different types of salespeople but let me focus on just three for now; committers, quitters and vacillators and the winner is .... NSP_READMORE

SALES

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

RV/MH Heritage Foundation Acquires Manuf…

RV/MH Heritage Foundation Acquires Manufactured Home on Display at the RV/MH Museum

ELKHART, Ind., - Thanks to several generous donations, the manufactured home on display at the RV/MH Hall of Fame and Museum in Elkhart, Indiana, is now owned by the RV/MH Heritage Foundation (Foundation), according to Foundation President Darryl Searer.  The home was originally erected and donated by Fairmont Homes for a period of one year for the purpose of showing visitors to the museum the evolution of mobile homes of the early to mid-20th century to today's modern affordable manufactured homes.  Since it was opened to the public in late 2013 it has been toured by thousands of visitors to the museum. As the clock was counting down to the end of the year when the home would have been removed by Fairmont Homes, Jim Shea, president of Fairmont Homes, offered to let the Foundation acquire...

Soheyla Kovach 01 Mar 2015 Corporate Press Releases

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FREE Educational Seminars Are Scheduled …

FREE Educational Seminars Are Scheduled for the  2015 Tunica Manufactured Housing Show!

These seminars were a major HIT at the 2015 Louisville Manufactured Housing Show. MHPros from Coast to Coast and Canada came... ...they praised the practical information for their businesses. We expanded seminar room space 30%, and still filled it! Come see why... Wednesday March 25th, 2015 Wednesday 8:30 AM to 9:45 AM. Lisa Tyler from Walden University and other MH Experts will be speaking on reasons why Realtors ®, investors, MH veterans and other housing professionals should be joining the ranks of profitably advancing America's most affordable new home construction. Opportunities in Modern MH. This will be a fast paced panel presentation, with Q&A planned. Wednesday 10 AM – 11 AM. Super-Charged Marketing! Dominate your area with savvy Marketing! Learn how to sell more homes and how MHCs can fill more vacant sites. Attract more customers with cash and good credit....

the MHMSM Team 25 Jan 2015 Corporate Press Releases

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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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