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On Oct. 15, the U.S. House Financial Services Committee approved an amendment to reduce the proposed federal Consumer Financial Protection Agency's (CFPA) examination powers over small banks and credit unions by voice vote. While the Miller-Moore amendment reduces examination powers, the agency would still have full power over 115 banks and 80 credit unions. The CFPA, which will have authority over financial products like home loans and payday loans, continues to garner opposition from financial firms. The legislation creating the new agency will continue the markup process as lawmakers debate the balance between federal and state powers. U.S. Reps. Mel Watt (D-N.C.) and Dennis Moore (D-Kan.) have crafted another amendment that would require national banks to comply with state laws except when state law is considered to have a "discriminatory" impact on national banks and when it prevents or interferes with national banks' business.
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From "Tweaks to Consumer Agency Fail to Calm Banks, Credit Unions" The Hill (10/19/09) Brush, Silla

Source: MHI Newswire

Daily Business News Briefs

May Manufactured Home Production Shows Modest Gain

May Manufactured Home Production Shows Modest Gain

According to official statistics released by the U. S. Department of Housing and Urban Development (HUD), production of HUD Code manufactured homes hit 5,798 in May, 2015, a modest increase of 1.1 percent over the 5,733 homes built in May of 2014. However, industry production on the year is 8.8 percent above the numbers for […]...

06 Jul 2015

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Record Attendance Expected at the RV/MH Induction Ceremony

Record Attendance Expected at the RV/MH Induction Ceremony

Registrations for the 2015 RV/MH Hall of Fame Induction Dinner set for Monday, Aug. 3 are running 13 percent ahead of last year’s record-breaking attendance of 447, according to Darryl Searer, president of the RV/MH Hall of Fame (Hall). There are less than 30 days to register for the event to be held at the […]...

06 Jul 2015

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Chinese Government Tries to Control Stock Market; U. S. Markets Flat

Chinese Government Tries to Control Stock Market; U. S. Markets Flat

In the news from CNNMoney: Oil prices fall below $53 per barrel, banks remain closed in Greece, volatile Chinese economy more threatening than anything in Greece, and Warren Buffett donates $2.8 billion to charity. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -0.64 percent to end the day at 710.4. Manufactured housing...

06 Jul 2015

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Demand Continues for Manufactured Homes in the Twin Cities

Demand Continues for Manufactured Homes in the Twin Cities

While the startribune informs MHProNews that manufactured homes (MH) were the original affordable housing in rural and suburban Minnesota, in the twin cities area of Minneapolis-St. Paul the number of occupied MH has fallen 12 percent since 2001 to 13,660 homes. Nationally, the number of manufactured homes shipped dropped drastically in the early...

06 Jul 2015

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Study Enforces UK Need for Modular Homes

Study Enforces UK Need for Modular Homes

A study by the Institution of Mechanical Engineers (IME) in Great Britain reiterates the need for 250,000 new homes each year for the next decade, as MHProNews reported July 2, 2015 instead of the 120,000 new units currently being produced, according to telegraph.co.uk. IME suggests modular homes would ease the housing crunch, because, similarly...

06 Jul 2015

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Manufactured Housing’s Sunday Morning Weekly News Recap June 28 to July 5, …

Our goal in presenting news and views from the manufactured and modular home industry is to help you, our readers, make the best possible decision in your business. To that end, we continue to upgrade our presentation to better inform you. In this week’s news you will read of developments at Cavco, ELS, Patrick, UMH […]...

05 Jul 2015

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Restrictions Lifted on Manufactured Homes Siting

Restrictions Lifted on Manufactured Homes Siting

The appeal to people who cannot afford traditional built homes is leading the city of Medicine Hat, Alberta, Canada to alter its land use rules for manufactured and modular homes so that any singe-detached home can be classified as a dwelling and sited anywhere in town. Planning Commission Chairman Brian Varga says the amendments are […]...

04 Jul 2015

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Celebrating Independence Day, Happy 4th of July

Celebrating Independence Day, Happy 4th of July

MHProNews wishes everyone a joyous 4th. For those manufactured housing professionals and enthusiasts who are looking for meaty news, thoughful MH reading or MH viewing, the new featured articles for the month of July are live on the home page. Or you can read the full line up of new videos and articles along with […]...

04 Jul 2015

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Gendell Sheds another Chunk of Patrick Stock

Gendell Sheds another Chunk of Patrick Stock

Following up on stories from June 8 and June 19, 2015 regarding the sale of shares of Patrick Industries, Inc. (NYSE:PATK) by Jeffrey L. Et Al Gendell, wkrb13 informs MHProNews that Gendell sold another 2,700 shares of the company’s stock at $39.05 per share for a net value of $105,435.00. Including his unloading of stock […]...

04 Jul 2015

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Equity LifeStyle Acquires Recreational Vehicle Resort in Florida

Equity LifeStyle Acquires Recreational Vehicle Resort in Florida

The Miami Everglades RV Resort in southwest Miami has been sold for $9.84 million by Miami Everglades Campground of Friendswood, Texas to MHC Miami Everglades, which is part of Equity LifeStyle Properties, Inc. (NYSE:ELS) of Chicago. Developed in 1970, the property includes cabins, a main store and a swimming pool. According to therealdeal, with...

03 Jul 2015

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Stock Market closed in Honor of Independence Day

Stock Market closed in Honor of Independence Day

                    Happy Birthday America!!       (Photo credit: wikipedia commons) Article submitted by Matthew J. Silver to Daily Business News-MHProNews....

03 Jul 2015

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Featured Articles and Reports - July 2015 Vol. 6 No. 10

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Tips for Hiring the Right Contractor for Your Community

Tips for Hiring the Right Contractor for Your Community

by Kathleen M. Bianculli, CIC Do the steps in your community resemble this photo? NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Terminology 101 - Transgender - Gender Identity, Gender Expression and Fair…

Terminology 101 - Transgender - Gender Identity, Gender Expression and Fair Housing Law

by Nadeen Green, JD Today there is heightened awareness in our country of issues related to gender identity and gender expression. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

New Consumer Financial Protection Bureau Appraisal Rule, Effective July 18,…

New Consumer Financial Protection Bureau Appraisal Rule, Effective July 18, 2015

21st Mortgage Corporation Update Report Hopefully all of our retailers have been able to attend one or more of the many trade association seminars and everyone is familiar with the appraisal... NSP_READMORE

FINANCING

Triad Financial Services position regarding 7-18-15 implementation of new '…

Triad Financial Services position regarding 7-18-15 implementation of new 'appraisal' rules

by Don Sharp With the above referenced subject being a very hot topic within each Conference/Convention/Annual Meeting this summer, I feel compelled to enlighten all as to my company's position on... NSP_READMORE

FINANCING

About Appraisals on FHA and VA Land Home Manufactured Housing Loans

About Appraisals on FHA and VA Land Home Manufactured Housing Loans

by Cody Pierce Editor's note: the following below is the verbatim response from the President of Cascade Financial Services to a question from MHProNews to his firm about reports that 1... NSP_READMORE

FINANCING

Lobbying Your Congressman and Senator

Lobbying Your Congressman and Senator

by L. A. “Tony” Kovach Let's set aside party distinctions for the next few minutes. Sure they can matter, but as one association leader said, Manufactured Housing – affordable housing –... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Staggering Along

Staggering Along

by Bob Vahsholtz Four or five decades ago if someone had been so morose as to forecast a string of years for the MH industry in which unit sales never exceeded... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Can Your Manufactured Home Business Be Trusted?

Can Your Manufactured Home Business Be Trusted?

by Wayne Coakley When people do a search for your manufactured home business, what are they seeing about you? NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Video - Sam Landy on the value of Trade Shows for UMH Properties Team Membe…

Video - Sam Landy on the value of Trade Shows for UMH Properties Team Members

by L. A. 'Tony' Kovach Sometimes, less is more. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Ron Thomas, Sr. – to President Barack Obama, on Selling over 500,000 new MH…

Ron Thomas, Sr. – to President Barack Obama, on Selling over 500,000 new MHs, Financing and the Greatest Event on the Manufactured Housing Calendar

by L. A. “Tony” Kovach Over the years we have done written and video interviews. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Wally Comer - President of Adventure Homes - On the Manufactured Housing In…

Wally Comer - President of Adventure Homes - On the Manufactured Housing Industry's Evolution,  The Louisville Show and how its different than 20 Years Ago

by L .A. 'Tony' Kovach “It's an innovative, creative growth oriented” industry now. Who says? High-flying Adventure Homes President Wally Comer. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Manufactured Home TV-Video Channel – Pathway to Progress and Profits

The Manufactured Home TV-Video Channel – Pathway to Progress and Profits

by L. A. 'Tony' Kovach As we did last month with the Scott Roberts video interview, this is a place holder for added content that will be found here on the... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Manufactured Housing Industry Needs to Embrace the Tiny House Movement

The Manufactured Housing Industry Needs to Embrace the Tiny House Movement

by Ross Kinzler If hindsight is always 20/20, that doesn’t mean it takes 20/20 eyesight to see what’s right in front of us. Across America, the tiny house movement is picking... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Patience

Patience

by Tim Connor, CSP One of the major contributors to stress and therefore illness and even death is the lack of patience. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

ZigOn Doing Well

ZigOn Doing Well

by Zig Ziglar I was in Sacramento, CA, and had an hour's delay before my flight left. I walked over to the yogurt shop and ordered my favorite concoction, a mixture... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

RV/MH Hall of Fame 2015 Induction Dinner…

RV/MH Hall of Fame 2015 Induction Dinner Reservations Outpace Last Year's Event

ELKHART, Ind. -- The RV/MH Hall of Fame's Induction Dinner Committee Chairman Mark Wasson (Bluelinx Corporation), reports reservations for the induction dinner honoring the Class of 2015 are running ahead of last year's reservations.  Wasson said, "As of early June 15th more than 153 friends and family of the inductees have registered which is ahead of last year's record pace of registrations." In addition to these reservations, Golf committee chairman Trey Miller is signing up foursomes for the 2015 RV/MH Hall of Fame Golf Classic.  So far 11 companies and individuals have signed on as sponsors for the dinner and golf, according to Darryl Searer, president, RV/MH Hall of Fame (Hall). This year's RV/MH Hall of Fame's annual Induction Dinner will be held on August 3, 2015, at the Hall of Fame's Event Center...

the MHMSM Team 16 Jun 2015 Corporate Press Releases

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RV/MH Museum Unveils Historic Shasta Exh…

RV/MH Museum Unveils Historic Shasta Exhibit

ELKHART, Ind. -- The RV/MH Hall of Fame and Museum's newest exhibit features a retrospective on the evolution of the iconic Shasta brand of travel trailers, according to Darryl Searer, president, RV/MH Hall of Fame (Hall).  The display includes a 1954 Shasta that's been in the museum's inventory for years and a 2015 reissue of a 1961 Shasta Airflyte 16sc, courtesy of Mick Ferkey, owner of Greeneway RV, Wisconsin Rapids, Wisconsin, and a member of the RV/MH Hall of Fame board of directors. While the reissue of a 1961 Shasta Airflyte 16sc has the look and style of the 1960s model, it is fully equipped with modern features and appliances, including a full bath. Searer noted, "Shasta has a rich heritage and is the industry's longest producer of RVs.  The brand has been...

the MHMSM Team 19 May 2015 Corporate Press Releases

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Dodd-Frank and Manufactured Home Financi…

Dodd-Frank and Manufactured Home Financing: The Place Where Good Intentions and Unintended Consequences Collide

"The path to home ownership lay before him, smooth and attainable as never before. All Eric Powell had to do was secure a small loan. He had a steady job, a decent credit score and a wife who happened to work for a bank: What could possibly go wrong?" WASHINGTON, D.C. -- The U.S. Senate Banking Committee will take up a measure that may determine whether millions of low- to moderate-income consumers will be able to buy or sell modestly priced homes. The Preserving Access to Manufactured Housing Act (HR 650 and S 682) addresses the unintended consequences of the Dodd-Frank Act, passed to protect consumers in the wake of the subprime mortgage crisis. According to former Congressman Barney Frank, the act's co-sponsor, Dodd-Frank was never intended to apply to manufactured housing. Yet the...

the MHMSM Team 19 May 2015 Corporate Press Releases

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10,000th home made secure and affordable…

10,000th home made secure and affordable through resident ownership movement

For Immediate Release May 1, 2015 Contact: Paul Bradley, President, ROC USA, LLC (603) 848-3254 CONCORD, N.H. — In less than seven years, ROC USA® has built on a proven strategy of resident ownership in New Hampshire manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states. ROC USA is a nonprofit social venture dedicated to making quality resident ownership of manufactured home communities (aka “mobile home parks”) possible nationwide. It works to provide democratic homeowner organizations with the opportunity, training and financing to purchase and manage their communities. Founding President Paul Bradley said ROC USA strengthens the local ownership of communities with the scaled resources and efficiencies of a national organization, coupled with the regional support of a...

the MHMSM Team 04 May 2015 Corporate Press Releases

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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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