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Action Needed -- Urge Representatives to Co-Sponsor the

Preserving Access to Manufactured Housing Finance Act (H.R. 3849)

This morning an MHI Action Alert was emailed to members urging each one to contact their U.S. Representatives and urge them to co-sponsor H.R. 3849 (Preserving Access to Manufactured Housing Act).

BACKGROUND:

On January 31st, Reps. Stephen Fincher (R-TN), Joe Donnelly (D-IN) and Gary Miller (R-CA) introduced the Preserving Access to Manufactured Housing Act (H.R. 3849) to reduce regulatory burdens that impede access to affordable manufactured housing financing. The bipartisan bill addresses two significant issues impacting consumers’ ability to obtain mortgage financing for manufactured homes:

Reducing the threshold by which small balance manufactured home personal property loans are considered High-Cost Mortgage Loans under provisions within the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203) which will thereby reduce the number of loans subject to punitive and onerous liabilities.

Clarifying that those selling manufactured homes—who are not fundamentally engaged in the business of originating mortgage loans—are not to be defined as mortgage originators under the federal SAFE Act which will thereby ensure they are better able to provide adequate technical assistance to consumers throughout the manufactured home buying process (similar to the SAFE Act treatment of real estate brokers).

The bill would amend these laws to minimize growing disincentives to serving the financing needs of low- and moderate-income manufactured home buyers. Often, it is these very consumers that are in greatest need of access to both affordable housing financing and technical assistance in the manufactured home buying process. Without revision, there would remain the very real unintended consequence of eliminating access to sustainable manufactured housing for millions of families. For more information, click here to view MHI’s issue brief.

ACTION NEEDED:

MHI is working to add as many co-sponsors to the bill as quickly as possible. The Consumer Financial Protection Bureau (CFPB) must have regulations for housing finance in final form by January 2013. This is also the same time the CFPB expects to begin fully monitoring and enforcing state SAFE Act laws.

The more co-sponsors to the bill, the stronger argument MHI can make to leaders of the House Financial Services Committee to move the bill quickly. In addition, the greater the level of bipartisan support the less controversial the measure will be perceived, which will allow for swifter action.

Assistance is needed from the entire manufactured housing industry to contact Members of Congress, and specifically request the following actions:

Contact your U.S. Representatives and urge them to co-sponsor H.R. 3849 (Preserving Access to Manufactured Housing Act). To co-sponsor, a company representative should contact Jim Hall in Rep. Stephen Fincher’s office at 202.225.4714 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it or Alissa Stamm in the office of Rep. Joe Donnelly at 202.225.3915 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

For more information, click here to view MHI’s issue brief, which includes a sample letter, talking points and background information. To find your U.S. Representative using your zip code, visit www.house.gov/. Please relay any commitments you receive from Representatives to co-sponsor HR 3849 to MHI staff. MHI can then follow up on these commitments in Washington, DC.

If you have Representatives that serve on the House Financial Services Committee (http://financialservices.house.gov/About/Members.htm), please reach out to them and urge them to co-sponsor HR 3849. If you have a close connection or relationship with congressional staff or a Member of Congress, direct communication (phone or email) is the most effective means of communication.

If you are a manufactured home community owner, retailer, lender, etc., please consider urging your customers/residents to send their own letters requesting their U.S. Representative co-sponsor H.R. 3849. MHI staff can assist in drafting a personalized letter and alert to your customer base.

Manufactured Housing Scores with Media Coverage

Two recent media “hits” have given manufactured housing some much-deserved visibility. On Friday, March 16th, USA TODAY ran a letter to the editor from MHI responding to a particularly negative article attacking “mobile home safety” as a result of powerful tornadoes that struck Kentucky and Indiana earlier in the month. MHI President & CEO Dick Jennison took the opportunity to stress that tornadoes do not discriminate as to which form of housing they destroy and that the article gave people a false sense of security about tornadoes’ destructive force. Jennison also stressed that no form of housing provides an absolute guarantee of safety during a tornado and what every family needs to know is that the only safe place to be during a tornado is in a proper shelter, preferably below ground. A copy of USA TODAY’s letter is available by clicking here.

The second media coverage was a very positive article in the March 20th issue of The Wall Street Journal entitled “Manufactured Housing Under Renovation” which pointed out the tremendous strides being made by the manufactured housing industry, both in terms of the quality of the homes and the growing appeal of our homes to more and more Americans looking for housing value. The article, written by Dawn Wotapka and A.D. Pruitt, provides a realistic and positive portrayal of our homes, our buyers and our industry’s future. Click here to view the article. Take this article to your local newspaper and encourage them to follow up on the storyline of how manufactured homes are meeting the need for quality housing in your area that people can afford.

MHI and Skyline Corporation Hosts Plant Tour for Housing Economists and Analysts with the U.S. Commerce Department and HUD

Representatives from the U.S. Department of Commerce and Housing and Urban Development were the guests of Skyline Corporation for a tour of a manufacturing facility and home display center in Pennsylvania this week.

During the hour long walk through Skyline's 170,000 square foot facility, the group observed several lines of manufactured homes and recreational park trailers in various stages of production. Although none were in production at the time, the facility also produces modular homes.

The group heard from Skyline’s Division General Manager, Mike Scheid and Division Sales Manager, Bryan Lehman about the production process, the history of Skyline, and several of Skyline’s production and sales initiatives that have enabled the company to stay competitive and meet the growing consumer demand for quality, value, and innovation. Mary Gaiski, Executive Director of the Pennsylvania Manufactured Housing Association, and MHI staff were on hand to answer questions and address several federal, state and local regulatory challenges facing the industry.

The tour was extremely helpful for staff at the Commerce Department’s Bureau of the Census who manage and produce several surveys, reports and data specifically about the manufactured housing industry. Links to these resources are below. The Census Bureau will be exhibiting at the Congress & Expo in Las Vegas for those who wish to learn more about the tools and resources it offers.

U.S. Census Bureau Manufactured Homes Survey

U.S. Census Bureau American Housing Survey

U.S. Census Bureau Residential Housing Survey

MHI/NCC Seeking Reform of EPA’s LRRP Rule

Senator Jim Inhofe (R-OK), Ranking Member of the Senate Committee on Environment & Public Works, has introduced the Lead Exposure Reduction Amendments Act of 2012 (S. 2148) making practical reforms to the EPA’s Lead Renovation, Repair and Painting (LRRP) rule. EPA’s final LRRP rule, which took effect on April 22, 2010, requires remodeling and renovation firms that perform work on pre-1978 housing and child-occupied facilities to be EPA certified and follow rigorous, costly work practices supervised by an EPA-certified renovator when painted surfaces will be disturbed. On July 6, 2010, EPA removed the "Opt-Out” provision from the rule which allowed homeowners without children under six or pregnant women residing in the home to allow their contractor to forego the use of lead-safe work practices. By removing the opt-out provision, EPA more than doubled the number of homes subject to the LRRP Rule to 78 million. EPA has also begun the process of extending the LRRP Rule to commercial and public buildings through an advance notice of proposed rulemaking.

There are several compliance issues associated with the EPA lead-based paint rule, the most problematic being EPA’s failure to recognize an accurate lead test kit. There is no current test kit available that meets EPA’s own requirements. Compliance with the EPA’s LRRP rule would be particularly impactful for a manufactured housing community owner of an older community (pre 1978) who is seeking to renovate buildings within the community.

MHI/NCC has joined with other associations representing builders, contractors, remodelers, manufacturers, retailers, building owners, and real estate professionals in seeking reform of the EPA’s LRRP rule to make compliance requirements more reasonable and less burdensome. The coalition strongly supports the “Lead Exposure Reduction Amendments Act of 2012” (S. 2148). S. 2148 would make the following changes to the LRRP rule:

• Restore the “Opt-Out” provision;

• Suspend the LRRP if EPA cannot approve one or more test kits that meet the regulation’s requirements;

• Prohibit EPA from expanding the LRRP to commercial and public buildings until EPA conducts a study demonstrating the need for such an action;

• Provide a de minimis exemption for first-time paperwork non-compliance by certified contractors; and

• Provide an exemption for renovations after a natural disaster.

MHI/NCC will continue to monitor this issue and work closely with its coalition partners in building support for S. 2148.

ADA Pool Standards

On Thursday, March 15th the Department of Justice issued an extension of the date for compliance with the 2010 Americans with Disabilities Act (ADA) Standards for Accessible Design as it relates to the provision of accessible entry and exit to existing swimming pools, wading pools, and spas. The new effective date is May 21, 2012. On the same day, the Justice Department released a Notice of Proposed Rulemaking (NPRM) seeking public comment on whether a 180-day extension of the deadline (until September 17, 2012) would be more appropriate to allow pool owners and operators to meet their compliance obligations.

In general, and for purposes of compliance, the definition of “public accommodations” would apply to buildings and/or facilities that are open to the public and affect commerce. As such, swimming pools in manufactured housing communities that are for the exclusive use of the residents do not generally fit the category of “public accommodations.” If, however, a manufactured housing community pool is open to the public (non-residents), then compliance with the new ADA pool accessibility guidelines would be necessary.

Comments on the NPRM will be accepted for 15 days after publication in the Federal Register or April 4, 2012.

• Notice of 60 day extension & Notice of Proposed Rulemaking from ADA Web site - www.ada.gov/regs2010/ADAregs2010.htm

• Submit comments to DOJ electronically by April 4, 2012 - www.regulations.gov/#!documentDetail;D=DOJ-CRT-2012-0006-0001

• Guidance on revised ADA requirements: Accessible Pools from ADA

Web site - www.ada.gov/pools_2010.htm

A new technical assistance document, “Accessible Pools -- Means of Entry and Exit,” has been added to the ADA’s website and is now available to the public. People interested in finding out more about the ADA can access the ADA website at www.ADA.gov or call the toll-free ADA Information Line at 800-514-0301 or 800-514-0383 (TTY).


Daily Business News Briefs

A High Voltage MHC?

A High Voltage MHC?

Manufactured home communities are often “lightning bolts” when it comes to news. In the instance of the Sunny Acres Mobile Home Park in Tampa, Florida, it’s literal. According to WFLA, a high voltage, electric underground cable is lying above ground, on the sidewalk in the community, and it’s been there for five months. Why? It […]...

27 Feb 2017

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Passages: Reza Dormanesh, father of Soheyla Kovach

Passages: Reza Dormanesh, father of Soheyla Kovach

Reza Dormanesh, father of Soheyla Kovach, died today in Tehran, Iran. He was undergoing cancer treatment. He was 83. Dormanesh was involved for most of his adult life in the building trades, after serving in the military. He made his daughter Soheyla’s university education possible, and later assisted with her legal immigration to the United...

27 Feb 2017

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NIMBY Strikes Again?

NIMBY Strikes Again?

Usually, the addition of a new home to a neighborhood is greeted as something good, viewed as a benefit to the others as it could increase property values. That’s not the case in Shreveport, Louisiana. A manufactured home in the city’s Highland neighborhood is getting some attention from upset residents. According to KTBS, the city […]...

27 Feb 2017

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Federal Data Spotlights Manufactured Home Industry Quality, Regulatory Ques…

Federal Data Spotlights Manufactured Home Industry Quality, Regulatory Questions

WASHINGTON, D.C. – With over 81,100 manufactured homes built last year, more than 99.99 percent of all manufactured home buyers had service issues satisfied through normal channels provided by their home’s builder, retailer, community, or installer. Pamela Beck Danner, JD, is the federal administrator for the Department of Housing and Urban D...

27 Feb 2017

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Congress Demands Answers from FEMA

Congress Demands Answers from FEMA

The Louisiana floods of 2016 devastated Baton Rouge, and left many without homes. It also left more questions than answers in the response from the Federal Emergency Management Agency (FEMA). And now, one member of Congress is demanding answers, including why 84-year-old Baton Rouge resident Everett Wilson died in his temporary FEMA home on...

27 Feb 2017

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Weaponized, Faked News Harms Manufactured Housing Homeowners, Professionals

Weaponized, Faked News Harms Manufactured Housing Homeowners, Professionals

“The road to hell is paved with good intentions.” – American Maxim.   “Why not half-a-million [new manufactured homes sold annually]? We can get there.”   – Richard “Dick” Jennison, president and CEO, Manufactured Housing Institute (MHI).   “James McGee and Chet Murphree said it very w...

26 Feb 2017

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Sunday Morning Weekly Recap Manufactured Housing Industry News February 19t…

Sunday Morning Weekly Recap Manufactured Housing Industry News February 19th 2017 to February 26th 2017

As we wrap up the month of February, our featured articles are on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. Manufactured, modular and p...

26 Feb 2017

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Sun Communities Reports Q4 2016 Earnings

Sun Communities Reports Q4 2016 Earnings

Sun Communities, Inc. (SUI) has reported its Q4 2016 earning results. Total revenues for the quarter increased $50.4 million, or 30.0 percent, to $218.6 million compared to $168.2 million for the same period in 2015. Net loss attributable to Common Stockholders was $1.6 million, or $0.02 per diluted common share, as compared to net income […]...

25 Feb 2017

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Skyline to Suspend Facility Operations

Skyline to Suspend Facility Operations

Elkhart, Indiana-based Skyline Corp. (NYSE: SKY) announced in an 8-K filing with the SEC last week that it plans to suspend operations at its manufactured housing facility in Mansfield, Texas. “The suspension is due to the plant being unable to profitably operate since it was converted from producing recreational vehicles to manufactured housing i...

24 Feb 2017

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ELS, Manufactured Housing CV Up, Broader Markets Gain

ELS, Manufactured Housing CV Up, Broader Markets Gain

Noteworthy headlines on – CNNMoney – CNN and other media barred from press briefing. New York Republicans’ alternative to “tuition-free” college. What young conservatives think of the media. Democrats fear recession, Republicans see a boom. Some bullets from Fox Business – Trump orders federal agencies to identify unnecessary regulat...

24 Feb 2017

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Zell Speaks on Economic Opportunities

Zell Speaks on Economic Opportunities

Sam Zell, a name familiar to the manufactured housing industry, spoke to TheStreet recently at a conference in Boca Raton, Florida, about the “staggering economic opportunity” for the U.S. under President Donald Trump. “Trump’s vow to cut government regulation could lead to one trillion of (economic) stimulus without spending a...

24 Feb 2017

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New Sponsors

Featured Articles and Reports - February 2017 Vol. 8 No. 5

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Faster New Home Sale$ Growth, Getting the "Total Package"

 Faster New Home Sale$ Growth, Getting the

by Stan Posey Industry projections are that new manufactured home shipments in 2016 will be up about 10 to 12 percent over 2015.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Cordray Defiant, Says Trump Won’t Change Agency

Cordray Defiant, Says Trump Won’t Change Agency

by RC Williams Consumer Financial Protection Bureau (CFPB) Director Richard Cordray has finally spoken in the wake of President Trump’s inauguration, per the LA Times. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Publication Flip-Flops on UMH, NPR Effect in Play

Publication Flip-Flops on UMH, NPR Effect in Play

by RC Williams UMH Properties (NYSE: UMH) celebrated its 50th anniversary at the New York Stock Exchange last week, including ringing the closing bell. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Tiny Prefab Builder Takes His Show on the Road

Tiny Prefab Builder Takes His Show on the Road

by RC Williams Patrick Kennedy, owner of Panoramic Interests, a San Francisco, California based developer specializing in prefab homes, believes he has a partial solution to the Bay Area’s chronic... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

U.S. Existing Homes Sales Rise in December, MH Industry Response

U.S. Existing Homes Sales Rise in December, MH Industry Response

by RC Williams Data from the National Association of Realtors (NAR) shows that home sales continued their growth in December, as more buyers reached the market before the end of the... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

McGlinchey Stafford Survey of Latest Manufactured Housing Legal Decisions

McGlinchey Stafford Survey of Latest Manufactured Housing Legal Decisions

by Marc Lifeset, JD McGlinchey Stafford is proud to provide the Manufactured Housing Update to the manufactured housing industry.  NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Len…

“An Elephant Ass,” Understanding GSEs, Duty to Serve, Manufactured Home Lending

by Soheyla Kovach “The manufactured homes chattel lending market poses challenges and risks for the enterprises” NSP_READMORE

FINANCING

Northpoint Commercial Finance Expands Field Sales Organization

Northpoint Commercial Finance Expands Field Sales Organization

by Northpoint Commercial Finance Alpharetta, GA, January 30, 2017 – Northpoint Commercial Finance, a diversified inventory finance lender, is pleased to announce the hiring of three additional Directors of Business... NSP_READMORE

FINANCING

Security Mortgage Group Finances $10,007,000 for Several Communities in one…

Security Mortgage Group Finances $10,007,000 for Several Communities in one week

by Security Mortgage Group ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $10,007,000 in financing in one week... NSP_READMORE

FINANCING

Security Mortgage Group Finances 80,032,500 for Several Communities

Security Mortgage Group Finances 80,032,500 for Several Communities

by RC Williams Rochester, New York-based Security Mortgage Group, a national award-winning MH Community lending broker, has provided $80,032,500 in financing for several manufactured home communities throughout the nation... NSP_READMORE

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Industry Should Stay the Course in Duty to Serve Efforts

Industry Should Stay the Course in Duty to Serve Efforts

by Jim Ayotte I appreciate the way that MHAAR respectfully criticized my commentary on the Federal Housing Finance Agency’s (FHFA’s) final rule to implement the “Duty to Serve” (DTS)... NSP_READMORE

FINANCING

"Intolerable!" FHFA - DTS rule on Manufactured Home Lending

-      M. Mark Weiss, JD. “If Congress had meant the “duty to serve” to be optional, it would not have called it a “duty.” NSP_READMORE

FINANCING

Clayton Homes commemorates business milestone with 60th Anniversary Home Be…

Clayton Homes commemorates business milestone with 60th Anniversary Home Berkshire Hathaway homebuilder unveils special edition home model in 2016

by Clayton Homes MARYVILLE, Tenn. — Clayton Homes, one of the largest builders of manufactured, modular and site-built homes combined, designed a special edition manufactured home to celebrate 60 years in business. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

2017 Tunica Manufactured Home Updates

by Tunica Show A RIVER CUTS THROUGH A ROCK NOT BECAUSE OF ITS POWER BUT ITS PERSISTENCE… NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Jim Visser Honored, the Journal of Manufactured Housing now History

Jim Visser Honored, the Journal of Manufactured Housing now History

by Soheyla Kovach. The publisher of The Journal of Manufactured and Modular Housing, Jim Visser, was honored at the 2017 Louisville Manufactured Housing Show with the framed ‘thank you’ document,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

County Levies Stiff Fine in Dakota, as Trump Primes XL Pipeline

County Levies Stiff Fine in Dakota, as Trump Primes XL Pipeline

by RC Williams In a case that dates back to 2014, Williams County, North Dakota officials have re-instituted a $1.2 million fine against Western Petroleum LLC and its parent... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

“Stop, Thief!”

“Stop, Thief!”

by RC Williams News of a theft in Purcell, Oklahoma, indicate arrest warrants are outstanding for a man and woman charged in McClain County District Court with knowingly concealing stolen... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Trump’s Regulation Cuts Could Have Major Impact on MH

Trump’s Regulation Cuts Could Have Major Impact on MH

by RC Williams Throughout the 2016 presidential campaign, Donald Trump was very clear on one thing he wanted to change – regulations. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Buffett Supports Trump Picks, Soros Has Other Ideas

Buffett Supports Trump Picks, Soros Has Other Ideas

by RC Williams As President Donald Trump enters his first full week of office, his cabinet picks remain the front and center topics of discussion. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tough Times for Tiny Home Builders

Tough Times for Tiny Home Builders

by RC Williams While tiny homes may be all the rage in popular culture, local governments and regulations have made things tough in Washington State. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Tornadoes, Severe Weather Ravage South, Misconceptions Abound

Tornadoes, Severe Weather Ravage South, Misconceptions Abound

by RC Williams The southern U.S. was severely affected this weekend, as tornadoes and storms destroyed homes, injured dozens and killed 16. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

“All Things Considered???”

“All Things Considered???”

by Industry Voice Perhaps it’s too much to ask a “news” show called “All Things Considered” to actually consider “all things” or, at least “all things” concerning the subjects... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Life changing moments in 2017

Life changing moments in 2017

byTim Connor Ever notice how a person's life can change from one minute to the next? NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

It's all in the questions

It's all in the questions

by Tim Connor Over the years, I have considered the difference between people who consistently do well in life - their careers and relationships and people who struggle. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Is your life purpose: what you have, what you do or who you are?

Is your life purpose: what you have, what you do or who you are?

by Tim ConnorMany people in life send mixed messages to their family, customers, employees or even total strangers creating confusion, a lack of trust and yes a lack... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Flemming Was His Name

Flemming Was His Name

By Greg McClanahan I wanted to share a few thoughts about what I think is a key element to achieving successful outcomes in our lives and in our business... NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

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the MHMSM Team 27 Feb 2017 Corporate Press Releases

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Industry Lender Announces Name Change

After much consideration the San Antonio Federal Credit Union (SACU)/CU Factory Built Lending (CUFBL)/Mountainside Financial is excited to announce that we are changing our name to Credit Human Federal Credit Union. We chose this name because it reflects our commitment to improving the lives of those we serve, no matter where they live. We are not merging, being acquired, changing our membership guidelines or management. Our products and services will remain the same, and the people you’ve known and worked with will continue to be there whenever they are needed. We are simply deepening our fundamental focus as an organization that positively affects the financial health of our members and the communities in which they live. And while our name may be changing, we are still as committed to San Antonio as ever....

the MHMSM Team 13 Feb 2017 Corporate Press Releases

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ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have provided $30,000,000 in financing for several manufactured home communities nationwide in January 2017.    Managing Director, Gerard D. DiMarco, Jr., secured financing for a repeat client’s 290-site manufactured home community in Houston, TX with a non-recourse, long-term fixed rate loan of $8,287,000. In addition, Gerry helped negotiate refinancing for a repeat client’s Midwest MHC Portfolio with a non-recourse $5,950,000 loan featuring a long-term fixed rate and 30-year amortization. Gerry also helped negotiate refinancing for a client’s MHC in Norwich, CT with a non-recourse loan of $4,522,000. The loan featured a 12 year fixed and 4 years of interest only payments. Anthony J. DiMarco, the other Managing Director, helped negotiate acquisition financing for a repeat client’s purchase of...

the MHMSM Team 10 Feb 2017 Corporate Press Releases

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Northpoint Commercial Finance Expands Fi…

Northpoint Commercial Finance Expands Field Sales Organization

Alpharetta, GA, January 30, 2017 – Northpoint Commercial Finance, a diversified inventory finance lender, is pleased to announce the hiring of three additional Directors of Business Development.  These additions will augment the existing field sales team, provide enhanced regional coverage to service customers, and help further facilitate Northpoint’s robust growth across a variety of industries.  With a highly successful background in floor plan financing, Bob Swien will lead development efforts in Texas, Oklahoma, Louisiana, and Arkansas. Swien joins the Northpoint team from NextGear Capital with deep experience that has been gained over more than 30 years in financial services. Swien’s strong track record and expertise includes a heavy emphasis on business development and growing dealer relationships with such companies as ITT Commercial Finance, Green Tree, Textron Financial, and TCF Inventory Finance. Based...

the MHMSM Team 30 Jan 2017 Corporate Press Releases

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Clayton Homes commemorates business mile…

Clayton Homes commemorates business milestone with 60th Anniversary Home Berkshire Hathaway homebuilder unveils special edition home model in 2016

MARYVILLE, Tenn. — Clayton Homes, one of the largest builders of manufactured, modular and site-built homes combined, designed a special edition manufactured home to celebrate 60 years in business. The Clayton Built™ Anniversary Home is available with the Energy Smart upgrade that includes Low-E windows, a programmable thermostat and several other energy efficiency features. Clayton Homes started business in 1956 when founder Jim Clayton sold his first home. Since then, the company has evolved into a world class housing leader in building site-built homes, modular homes, “tiny” homes, barracks and dormitories, in addition to manufactured housing. Clayton has sold 828 of the Anniversary model home to date. “I’m so proud to continue the tradition my father, Jim Clayton, started – making the dream of homeownership a reality,” said Kevin Clayton, CEO of Clayton. “Over the past 60 years, we’ve...

the MHMSM Team 27 Jan 2017 Corporate Press Releases

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Security Mortgage Group Finances $10,007…

Security Mortgage Group Finances $10,007,000 for Several Communities in one week

ROCHESTER, N.Y. – Security Mortgage Group, a national award-winning MH Community lending broker, is pleased to have recently provided $10,007,000 in financing in one week for several manufactured home communities nationwide.   Managing Director, Gerard D. DiMarco, Jr., secured financing for a repeat client with a non-recourse long-term fixed rate loan of $1,550,000. The 90-site J&J Mobile Home Park is located in Bradenton, FL.  Anthony J. DiMarco, the other Managing Director, helped negotiate refinancing for a repeat client’s 209-site mobile home park in Texas with a $3,800,000 non-recourse loan with the ability to obtain a supplemental mortgage at a future date. In addition, Anthony secured acquisition financing for a repeat client’s purchase of a Texas mobile home park portfolio with a long-term fixed rate non-recourse loan of $3,120,000. Vice President, Pierce Redmond secured a...

the MHMSM Team 11 Jan 2017 Corporate Press Releases

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