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This week, the Senate has turned its attention to the extension of the home buyer tax tax credit which expires on December 1 unless extended. Members of the Senate have said they have substantially reached an agreement on extending the credit, and plan to add it to a bill that would extend expiring unemployment benefits. The amendment would extend the existing $8,000 tax credit for first-time home buyers and offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period within the past eight years. Once the Senate has adopted the extension, the House is expected to take up and pass the Senate language. The White House also came out this week in support of the extension. MHI has expressed its support for extension of the homebuyer tax credit to key members of both the House and the Senate, as well as to the White House.

Source: MHI Newswire

Daily Business News Briefs

Passages: William”Bill” Edwards

Passages: William”Bill” Edwards

A pioneer and innovator in the manufactured home industry in Georgia for over 35 years, William “Bill” Edwards passed away in Moultrie, Georgia Aug. 31, 2015. He co-founded Destiny Industries, Inc. in 1978 as a HUD Code manufacturer, building a distribution network across the southeastern U. S. with sales growing to a quarter billion dollars. [&#...

01 Sep 2015

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Two Contrasting Interviews – Frank Rolfe, on recent Media Attention – Chris…

Two Contrasting Interviews – Frank Rolfe, on recent Media Attention – Chris Parrish, former Chairman of the National Communities Council

They are both from the MH Communities sector of manufactured housing. They live in different parts of the U.S.. They could readily be described as a study in contrasting styles and views. As was reported on the Masthead blog, and the Daily Business News earlier today, the new September issue of MHProNews brings you two […]...

01 Sep 2015

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Patrick Acquires Michigan Wood Products Company

Patrick Acquires Michigan Wood Products Company

As elkharttruth reports, Patrick Industries of Elkhart, Indiana has acquired North American Forest Products, Inc. and its wholly-owned subsidiary, North American Moulding LLC of Edwardsburg, Michigan for $85 million. North American manufactures and distributes wood and wood products primarily used in the production of manufactured homes (MH) and...

01 Sep 2015

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Patrick Ind. Surges; Dow Plunges Again

Patrick Ind. Surges; Dow Plunges Again

In the news from CNNMoney: Oil prices fall 7%. Fears of China’s slowdown reflected in the three major indices downturn. Iran’s oil production will blossom if sanctions are lifted. Canada slips into recession in wake of oil decline. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -1.16 percent to close at 886.8....

01 Sep 2015

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Is the CFPB Protecting us from Buying Homes?

Is the CFPB Protecting us from Buying Homes?

Writing in MHHomeLivingNews, award-winning writer Jan Hollingsworth recounts the story of the older gentleman, likely a farmer, in bib overalls who visited a manufactured home dealership in Kentucky. After two hours of perusing the possibilities of different homes, he chose one. But when he asked the salesman for help in filling out the finance...

01 Sep 2015

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Candidate in Aussie Election Supports Manufactured Housing

Candidate in Aussie Election Supports Manufactured Housing

The upcoming byelection in Canning, in Western Australia, will see a candidate for the Greens party who is a strong supporter of factory-built home construction, according to communitynews.au. Vanessa Rauland, a Curtin University lecturer, renewable energy advocate and small business owner has a background in low carbon urban development, and...

01 Sep 2015

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Serious September – Controversial, Challenging, Compelling New MH Issue Loo…

Serious September – Controversial, Challenging, Compelling New MH Issue Looms

August 2015 is now in the history books, and there were some records in readership on the manufactured housing industry’s flagship trade journal e-publication, MHProNews. Webalizer reports that there were 5 days in August that “hit-counts” on this site topped 100,000 in a day. On August 21st, that reported stated the count was 180,959 – [&#82...

01 Sep 2015

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Palm Harbor Constructing tougher Modular Home to Withstand Hurricanes

The Insurance Institute for Business and Home Safety (IBHS) has officially recognized Palm Harbor Homes for its production of the first ever disaster resistant modular home designed to significantly reduce property damage during a severe storm. Produced in Palm Harbor’s facility in Plant City, Florida, realestaerama tells MHProNews this is...

01 Sep 2015

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A Bracing Brunch at Milktooth in Indy

A Bracing Brunch at Milktooth in Indy

Daily Business News reporter Matthew J. Silver proudly states his step-son and daughter-in-law, Jonathan and Ashley Brooks, have gained national attention and accolades for their new restaurant, Milktooth, in Indianapolis. Serving brunch six days a week, 7AM -3PM, each dish is prepared on the spot when ordered, using the freshest ingredients from...

31 Aug 2015

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MHCV, Tracked MH Stocks Relatively Quiet Following Wild Last Week

MHCV, Tracked MH Stocks Relatively Quiet Following Wild Last Week

In the news from CNNMoney: Times Square billboard attacks $15 minimum wage. August was worst month for Dow in five years. Oil rises to nearly $50 a barrel. Walmart cutting employees hours at some stores. Fed says rise in interest rates in September still a possibility. Trucks are being repossessed in Texas as oil drilling […]...

31 Aug 2015

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UMH Properties Pushing to Develop Manufactured/Modular Home Community in Ne…

UMH Properties Pushing to Develop Manufactured/Modular Home Community in New York

Following a story that MHProNews last reported June 20, 2015 regarding UMH Properties, Inc.’s long-time plan to build either a manufactured or modular home community on 106 acres it owns in the Village of Coxsackie, New York, while UMH (NYSE:UMH) wants to move forward with the project, the village is prohibited from adding any new […]...

31 Aug 2015

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Featured Articles and Reports - September 2015 Vol. 6 No. 12

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You Like Me, You Really Do Like Me!

You Like Me, You Really Do Like Me!

by Wayne Coakley As you know, nowadays people search online before they buy just about anything. NSP_READMORE

MARKETING

Matt Weaver, Campbell Caron Properties on IREM, Management, More! Inside MH…

Matt Weaver, Campbell Caron Properties on IREM, Management, More! Inside MH Road Show Video

by Soheyla Kovach “Failure is Not an Option.” NSP_READMORE

MARKETING

Water, Water, How Much Is That Water?

Water, Water, How Much Is That Water?

by Bill Dahlin, JD Any Californian who has picked up a newspaper, listened to the news, or not been a bonafide Rip Van Wrinkle, is aware that California is in the... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

How To Keep Peace and Harmony In Our MH Communities (at a low cost)

How To Keep Peace and Harmony In Our MH Communities (at a low cost)

by Rob Coldren, Esq and Dan Rudderow, Esq. The rule breaking tenant can be handled in many ways. Options include: NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

The Appraisal Rule - Six Weeks Report Card

The Appraisal Rule - Six Weeks Report Card

By Lance Hull On July 18th, 2015, the Higher-Priced Mortgage Loans (HPML) Appraisal Rule went into effect for our industry.  NSP_READMORE

FINANCING

S. 682 Offers Possible Relief for Consumers Stranded by CFPB

S. 682 Offers Possible Relief for Consumers Stranded by CFPB

by Bill Matchneer, JD Recent history has shown that the regulations designed to NSP_READMORE

FINANCING

AIA - Manufactured Housing Specialty Insurance Agents Alliance Celebrates i…

AIA - Manufactured Housing Specialty Insurance Agents Alliance Celebrates its 15th Anniversary

by Kurt Kelley, JD Bellingham, WA August 25, 2015. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Answers to Questions About the New Appraisal Rule

Answers to Questions About the New Appraisal Rule

by Darren Krolewski The following were answers provided to questions posed by MHProNews.com to DataComp about the new Appraisal rule implementation. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

I Can't Be the Only One.

I Can't Be the Only One.

by Ken Haynes Jr  It literally drives me temporarily insane when I read or hear manufactured housing referred to by the media, by any other nomenclature than manufactured housing, or manufactured... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with...Chris Parrish

A Cup of Coffee with...Chris Parrish

1) Who, What and Where: (Your name and your formal title at Parrish Manor). NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Renters' Nation – Dark Side of Dodd-Frank, its Impact on Affordable Housing…

Renters' Nation – Dark Side of Dodd-Frank, its Impact on Affordable Housing – what 38 hours and 25 minutes reveal

by L. A. “Tony” Kovach This will be under 350 words, because the facts properly understood will speak volumes. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

65th Annual Convention, Trade Show and Expo – New York Housing Association …

65th Annual Convention, Trade Show and Expo – New York Housing Association  – Oct 8-12th, 2015

by Nancy Geer We hope you are well. I have attached the event brochure for you reference. Please see the PDF that is attached. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

A Cup of Coffee with…Dan Rinzema

A Cup of Coffee with…Dan Rinzema

1) Who, What and Where: (Your name and your formal title at MHVillage/DataComp) Dan Rinzema, President and CEO, Datacomp Appraisal Systems, Inc. and MHVillage, Inc.. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Controversial Media Reports – The Guardian & KVUE – On-The-Record Interview…

Controversial Media Reports – The Guardian & KVUE – On-The-Record Interview with Frank Rolfe of Mobile Home University, MobileHomeParkStore, RV Horizons

by L. A. 'Tony' Kovach One of the most controversial figures in the MHC world today is Frank Rolfe. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Do People Research Manufactured Home Personalities, Companies and MH Indust…

Do People Research Manufactured Home Personalities, Companies and MH Industry Subjects? Yes!

by L. A. “Tony” Kovach Do people research companies and people on MHLivingNews.com and MHProNews.com? NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

ZigOn Work

ZigOn Work

by Zig Ziglar One of my favorite quips about work is this: Someone asked a worker how long he had been working for his company and he smilingly responded, "Ever since... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Living with Wisdom – 3 Tips for Today

Living with Wisdom – 3 Tips for Today

By Tim Connor, CSP Wisdom - the blending of - information, knowledge, experience, judgment, truth, reality, maturity - to achieve dreams, goals, life purpose, inner peace and happiness... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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Classifieds

Press Releases

Datacomp Turns New Manufactured Home App…

Datacomp Turns New Manufactured Home Appraisal Rules Into Powerful Retail Sales Tool

Contact: Datacomp800.365.1415www.datacompusa.com Grand Rapids, Michigan – Datacomp, the nation’s largest, independent provider of market-based manufactured home appraisals, has announced the availability of the Datacomp MSRV, or Market-Suggested Retail Value, a comprehensive new home valuation service intended to enable compliance with the new appraisal rules for Higher-Priced Mortgage Loans (HPML), now in effect for most financed manufactured home transactions. “The information needed to order a Datacomp MSRV for a new home transaction can be entered on our website in a matter of minutes,” said Dan Rinzema, President and CEO of Datacomp. “There’s no cumbersome data entry process or specialized knowledge necessary. We’ve made it so anyone in the office can easily order a valuation from their desktop computer, tablet or mobile device.” In addition to developing a Lender Final Sale Certificate that is...

the MHMSM Team 12 Aug 2015 Corporate Press Releases

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CU Factory Built Lending and the new HPM…

CU Factory Built Lending and the new HPML Appraisal Rule for Manufactured Housing

Directed by the upcoming changes in the HPML Appraisal Rule effective July 18th, 2015 and driven to minimize its impact on both our business partners and consumers, CU Factory Built Lending (CUFBL) has developed our approach to compliantly reconciling manufactured home loans under the new HPML Appraisal Rule.  Our plan’s key components are: Non-Qualified Mortgages (non-QM’s) Flexible Valuation Options Business Partner and consumer friendly Compliant   Non-Qualified Mortgages CUFBL, in support of the industry and our members, has chosen to continue to offer non-QM loans. If you recall, Qualified Mortgages (QM’s) are more restrictive in the debt ratio allowed, in the amount of points and fees allowed to be charged, may have more stringent length of employment and income verification guidelines, and documentation requirements for the consumer. We feel this approach to continue to offer non-QM loans...

the MHMSM Team 17 Jul 2015 Corporate Press Releases

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NADAguides New Manufactured Home Price T…

NADAguides New Manufactured Home Price Tool Will Comply With New HPML Appraisal Rule

· NADAguides New Manufactured Home Price Tool was developed to comply with the new Higher-Priced Mortgage Loans (HPML) Appraisal Rule effective July 18, 2015 · New Manufactured Home Price Tool provides an independent third party evaluation report that can be quickly and conveniently pulled and printed from any location · Allows access to new retail prices for new 2014 and 2015 manufacturer floor plans (both HUD and Modular-Coded), including a wide variety of factory-added options · This NADAguides price tool is currently being offered as a free trial of 100 price reports (retail value of $2,100) – offer expires July 17, 2015 NADAguides.com, the largest publisher of the most market-reflective pricing and information available for manufactured homes, announces its New Manufactured Home Price Tool, which has been developed to comply with the new Higher-Priced Mortgage Loans (HPML)...

the MHMSM Team 14 Jul 2015 Corporate Press Releases

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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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