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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

Sun Communities to Sell Six Million Shares to Fund Acquisition

Sun Communities to Sell Six Million Shares to Fund Acquisition

In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is expected to close by Oct. […]...

17 Sep 2014

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Skyline Revamping its Recreational Vehicle Models

Skyline Revamping its Recreational Vehicle Models

In an attempt to turn around its eighth consecutive year of multimillion dollar losses, manufactured housing producer Skyline Corp. is rolling out a new line of recreational vehicle (RV) models at this week’s Elkhart County RV Open House. Based in Elkhart, Indiana, the company has focused more on its MH line in the past few […]...

17 Sep 2014

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Volatile Skyline Drops again, MH Composite Rises, Dow Hits New High but fal…

Volatile Skyline Drops again, MH Composite Rises, Dow Hits New High but falls back

With news that the Federal Reserve will not raise interest rates before the summer of 2015, although the quantitative easing that provides stimulus to the economy will likely cease before year’s end, Dow Jones Industrial Average hit a record high above 17,200, gaining +24.88 points, +0.15 percent, but closing just below at 17,156.85. The...

17 Sep 2014

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Georgia Planning Commission Approves Expansion of MHC

Georgia Planning Commission Approves Expansion of MHC

The Upson County Planning Commission in west central Georgia conditionally approved rezoning of a manufactured housing community (MHC) to allow the community to expand. The 51-acre site has been zoned legal nonconforming for single-family residential, but did not allow any new manufactured homes to come in, nor be replaced if damage to a home...

17 Sep 2014

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Builder Confidence in Single-family Homebuilding Rises

Builder Confidence in Single-family Homebuilding Rises

Notching its highest reading since Nov. of 2005, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) tells MHProNews builder confidence in the market for single-family homes rose four points to 59. The HMI gauges builder perceptions of current single-family home sales, sales expectations for the next six months and...

17 Sep 2014

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Vietnamese Architects Develop Low-cost Modular Housing

Vietnamese Architects Develop Low-cost Modular Housing

In response to the country’s need for low-cost permanent housing, Vo Trong Nghia Architects in Vietnam have developed a lightweight, modular home using a precast concrete skeleton for structural support and thermal comfort, according to designboom.com. Features include polycarbonate panels to bring in natural light, nipa palm and corrugated...

17 Sep 2014

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Converted Modular Shipping Containers may house up to 100,000

Converted Modular Shipping Containers may house up to 100,000

Updating a story MHProNews last posted May 22, 2014 regarding shipping containers becoming homes for liquified natural gas (LNG) workers in northern British Columbia, the $120,000 modular units are outfitted with many home amenities including flat screen TV, computer workstation, stainless steel appliances and floor-to-ceiling windows to bring in...

17 Sep 2014

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First Responders Receiving Donated Modular Home

First Responders Receiving Donated Modular Home

A 30 year-old pregnant firefighter with ALS (Amyotrophic lateral sclerosis), commonly called Lou Gehrig’s disease, and her husband in Madison, Connecticut are on the receiving end of a new modular home being built with donations to accommodate a wheelchair for when she returns from giving birth. Because hers is a high risk pregnancy, Amanda...

16 Sep 2014

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Skyline Regains Yesterday’s Loss; MH Composite Advances

Skyline Regains Yesterday’s Loss; MH Composite Advances

Stocks were up in anticipation of the minutes from the most recent Federal Reserve meeting. The Dow Jones Industrial Average added +100.83 points, +0.59 percent, to close at 17,131.97, while the Nasdaq gained +33.86 points, +0.75 percent, to end the day at 4,552.76. The S&P 500 also moved up +0.75 percent, +14.85 points, to finish […]...

16 Sep 2014

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Frank Nothaft: New Multifamily Housing Units Being Absorbed

Frank Nothaft: New Multifamily Housing Units Being Absorbed

The past four quarters all the growth in household formation has been among renters, according to worldpropertychannel.com, as the rate of absorption for unsubsidized, unfurnished apartments has been at its fastest pace in a decade. As of Sept., 2014, construction of apartment buildings with at least five units hit the highest monthly rate since...

16 Sep 2014

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Drew is Drawing Lookers

Drew is Drawing Lookers

Investors are closely watching Drew Industries, Inc. (NYSE:DW), the Elkhart, Indiana-based component supplier to the manufactured housing industry, according to wallstreetscope.com. Through its subsidiary, Lippert Components, it has recently acquired several complementary firms  as MHProNews reported Aug 18, 2014. The company price-to-sale ratio ...

16 Sep 2014

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Featured Articles and Reports - September 2014 Vol. 5 No. 12

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UnBranding - a Key to Unlocking the Door to more MH Sales?

UnBranding - a Key to Unlocking the Door to more MH Sales?

by L.A. "Tony" Kovach Years before Palm Harbor Homes went into bankruptcy and eventually ended up with Cavco Industries, Palm Harbor ran TV ads showing beautiful, “residential style” manufactured homes. Read more

MARKETING

“Should We Be a More Aggressive Breed?”

“Should We Be a More Aggressive Breed?”

by Nadeen Green, JD Many if not most manufactured housing folks truly make the effort to be compliant with the Fair Housing Act and are well aware of the need to... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Earthquakes & Other Disasters: Are you Prepared?

Earthquakes & Other Disasters: Are you Prepared?

by C. William Dahlin, JD  As reported by major media outlets, a 6.0 earthquake hit Northern California  in late August on a Sunday. Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Pool and Spa Safety

Pool and Spa Safety

by Kathleen Bianculli While the end of summer is drawing near and pools in some areas will be closed for the season, in many areas of the country the pool never... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

“How Sweet the Rose” - Senior Housing Communities - Advertising Do's and Do…

“How Sweet the Rose” - Senior Housing Communities - Advertising Do's and Don'ts

by Nadeen Green, JD While a rose may smell sweet no matter what it may be called, names are in fact labels. Using the wrong label when you market your senior... Read more

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

A Breakthrough in Manufactured Home Loan Financing! Discover the One Step P…

A Breakthrough in Manufactured Home Loan Financing! Discover the One Step Program!

by Jerry Bretton In our previous report on SUN, we mentioned that Mountainside Financial has been making loans on manufactured and mobile homes for 14 years. Read more

FINANCING

Are HUD Practices Making Manufactured Homes Less Affordable?

Are HUD Practices Making Manufactured Homes Less Affordable?

by Ron D'Ambra Let's start by saying that, from a business perspective, MORE government involvement is not always viewed as a good thing. Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

3rd Annual Open Space Pace - September 20th, 2014 – Freehold New Jersey

3rd Annual Open Space Pace - September 20th, 2014 – Freehold New Jersey

by Sam Landy Dear Friends, UMH Properties and Monmouth Real Estate Investment Corporation (MNR) sponsor The Open Space Pace at Freehold Raceway September 20, 2014. The event begins with a 10:00 am parade of... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with… Sheila Dey

A Cup of Coffee with… Sheila Dey

1) Who, What and Where: (Your name, and your role/job title at organization or firm and where you are based.) Sheila S. Dey, JDExecutive DirectorWestern Manufactured Housing Communities Association Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

5 Reasons for MHPros to Attend the 2015 Louisville Manufactured Housing Sho…

5 Reasons for MHPros to Attend the 2015 Louisville Manufactured Housing Show

by Dennis Hill We could name more than 5 reasons why manufacturers and exhibiting companies as well 5 reasons why attendees from the ranks of retailers, communities, builder developers, installers and... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The High Cost of Low Volume MH Sales for Retailers, Communities, Factories …

The High Cost of Low Volume MH Sales for Retailers, Communities, Factories and others

by L. A. “Tony' Kovach We will demonstrate that the cost of not selling more homes is always high.  Capital is tied up in your inventory, location, general overhead, personnel, marketing,... Read more

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Lead, manage or get out of the way

Lead, manage or get out of the way

by Tim Connor, CSP The world is changing at the speed of light. Everything is being touched by this accelerated pace of change. No person, entity, industry, profession, and no part... Read more

MANAGEMENT

Knowledge is Potential Power - 4 Steps and 91 words = Enhanced Manufacture…

Knowledge is Potential Power - 4 Steps and 91 words =  Enhanced Manufactured Housing  Professional Success Infographic

by L. A. “Tony” Kovach We'll share an infographic that explains in 4 easy steps how any MH Industry professional can learn more to earn more. Here is the infographic... Read more

MANAGEMENT

ZigOn Qualities of Success

ZigOn Qualities of Success

by Zig Ziglar Dr. William "Bill" Ross was truly one of a kind and was known for his sense of humor and his zest for life. He had exuberance for... Read more

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Four Ingredients for MH Sales Success

Four Ingredients for MH Sales Success

by Tim Connor, CSP There are four significant areas when it comes to consistent high sales performance. They are: Self-image and self-esteem. Read more

SALES

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MHLIVINGNEWS.COM FEATURED HOME OF THE WEEK

Classifieds

Press Releases

2015 Louisville Manufactured Housing Sho…

2015 Louisville Manufactured Housing Show is filling up fast and early!

Attendees, mark your calanders now, pre-registration will open on October 1, 2014. Exhibitors, Reserve your space now.  See download linked here.

the MHMSM Team 02 Sep 2014 Corporate Press Releases

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RV/MH Heritage Foundation Inducts the Cl…

RV/MH Heritage Foundation Inducts the Class of 2014 into RV/MH Hall of Fame

(Back row l-r) Thomas "Tom" L. Kern, Style Crest Enterprises; Ed Evans, EPM; Gary McDaniel, YES! Communities ; Richard "Dick" King, King Insurance (second row row l-r) Barry Cole, Manufactured Housing Insurance Services; Bob Livingston, Good Sam; John D Roba, Roba and Associates (front row l-r) Mrs. James F Shields. accepting on behalf of her husband,James F Shields (deceased), Pan Pacific RV Centers; Debbie Brunoforte, Little Dealer, Little Prices and Peter B Orthwein, Thor Industries. ELKHART, Ind., August 5. 2014 -- The Class of 2014 was inducted into the RV/MH Hall of Fame (Hall) last night in Elkhart, Indiana, in a gala ceremony before a record breaking crowd of more than 440 family members, friends, and colleagues from across the country. The Class of 2014 includes: Debbie Brunoforte, Little Dealer, Little Prices;...

the MHMSM Team 05 Aug 2014 Corporate Press Releases

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Steve Lefler - Modular Lifestyles and Ne…

Steve Lefler - Modular Lifestyles and Newport Pacific – Successfully Gaining Acceptance for Super Energy Saving, Green Manufactured Homes

Learn more at the article linked here, or by calling Steve Lefler, Vice President of Modular Lifestyles, Inc., a division of Newport Pacific Family of Companies at Ph. (888) 437-4587. Email steve@modularlifestyles.com. Steve is a Dual DRE and HCD Salesperson. Advanced Green Building Professional. CEC Solar Wind Retailer/Installer. http://www.modularlifestyles.com ##

the MHMSM Team 01 Aug 2014 Corporate Press Releases

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Sun Communities, Inc. to Acquire America…

Sun Communities, Inc. to Acquire American Land Lease Manufactured Housing Portfolio from Green Courte Partners for $1.32 Billion

Increases Sun Communities' portfolio to 245 communities totaling nearly 90,000 sites in 29 states with a combined enterprise value of approximately $5.1 billion Southfield, MI, July 30, 2014 - Sun Communities, Inc. (NYSE: SUI) (the "Company") today announced that it has entered into an agreement to acquire a portfolio (the "ALL portfolio") from Green Courte Partners, LLC ("GCP") sponsored funds. The ALL portfolio consists of 59 manufactured home communities, including those acquired from American Land Lease, Inc. by GCP in 2009. The communities comprise over 19,000 sites in eleven states, including nearly 11,000 sites located in Florida. Over 14,000 sites, or 73%, of the ALL portfolio are age-restricted.  In connection with this transaction, the Company will assume GCP's right to acquire an additional manufactured home community pursuant to a binding purchase...

the MHMSM Team 31 Jul 2014 Corporate Press Releases

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Mountainside Financial launches Dodd-Fra…

Mountainside Financial launches Dodd-Frank compliant non-MLO, MLO SUN Manufactured/Mobile Home Direct Loans and Refinancing

Using online articles, banner ads and video, Mountainside Financial is announcing the launch of the evolution of their direct lending platform promotion. As a division of San Antonio Credit Union (SACU), Mountainside has a unique 14 year history of making direct to consumer loans on manufactured and mobile homes. Direct loans are often done in "partnership" with brokers, communities, Realtors ®, other housing professionals and manufactured home retailers who refer consumers to them. Anthony Ducharme, Direct Channel Manager for Mountainside, explained how they created their new SUN System with Manufactured Home Professionals in mind who needed a compliant process to navigate SAFE Act and Dodd-Frank regulations enforced by the Consumer Financial Protection Bureau (CFPB). "If you've been originating your own loans, talk to us. If you want to have a legally complaint...

the MHMSM Team 08 Jul 2014 Corporate Press Releases

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