Posts Tagged ‘Wall Street Journal’

Clayton Homes Contradicts Wall Street Journal’s “Fannie and Freddie’s Latest Push: Factory-Built Homes”

June 27th, 2019 Comments off



Earlier this week, the Daily Business News published a report that called into question several of the claim alleged by the Wall Street Journal (WSJ) in a report accessed via the linked text-image box below.



Nicole Friedman, Ben Eisen, Wall Street Journal – Fannie, Freddie, Manufactured Homes, and MH Financing – Part 1



Clayton Data Debunks a WSJ Claim

The WSJ report said “Clayton says it sells about 42% of the manufactured homes in the U.S…” Really?

But this graphic from the Clayton website shown below said they had 47.7 percent market share in 2017. That market share is based upon home sales data. Are the WSJ reporters saying that Clayton has lost s0me 5 percent market share? Or are they suggesting that Clayton’s total sales fell in 2018?  How can the WSJ justify their odd claim that flies in the face of Clayton’s own data?




Among the claims made in their recent report was that the FHFA said that the industry was trending up. Here is how they phrased it.

Manufactured-house shipments have trended higher since the financial crisis, according to the Federal Housing Administration.”

While the industry is up from the bottom (see over twenty years of shipment trend graphics, further below), the data obtained from IBTS on behalf of the Department of Housing and Urban Development — upon which the Manufactured Housing Association for Regulatory Reform (MHARR) and the Manufactured Housing Institute (MHI) rely upon — indicate that the trend in manufactured housing is now down year-over-year for 8 straight months.

Here is what a snapshot earlier this month from MHARR revealed.




When the above and other concerns were brought to the attention of the WSJ, their writers, editors, and media relations professionals – they all said they reviewed the concerns presented – but would stick with their story as is.  Here is how their senior communications director phrased it in a communication to L. A. ‘Tony’ Kovach at MHProNews.

Hi Tony, I am the Communications Director for the Journal. We have reviewed your messages with our reporters and have determined the Journal’s reporting is fair and accurate. We stand by the reporting.

Many thanks,


Steve Severinghaus
Senior Director, Communications

That was received from Severinghaus on Mon, Jun 24, 3:03 PM.  Additional evidence and questions about other errors and controversial claims have not yet been addressed since then.


Fake, Weaponized News, Agenda-Driven News About Manufactured Housing

Pew Research revealed in a new survey in early June 2019 that public concerns over Fake News now reflects the perspective of half the nation. Here is how Pew’s graphic summed it up.




That is telling, and directly relates to reports like this one by the WSJ. While not all news or fake, spin, mistaken, or agenda driven, some reports more clearly reflect an open or hidden agenda. That spin or agenda-focused reporting that lack balance is arguably what those in the know see as “fake.”

It should be noted that the Society for Professional Journalism Code of Ethics contradicts the position the WSJ have taken.


See bullets 2, 3, and 4 in the second box, above. The WSJ decision seems to fly in the face of the standard in the top box too.


The WSJ did not deny that they failed to contact the National Association of Manufactured Housing Community Owners (NAMHCO) in doing their report. A NAMHCO source told MHProNews that the where not contacted.

Nor did WSJ representatives deny that they had interviewed Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR) for about an hour. That was confirmed by sources with MHARR, which went on to say that they provided the reporter information that contradicts what their report claims.

What the WSJ did was double down, ignoring those other sources, voices, insights, and perspectives.

This is not to imply that everything the WSJ report on Fannie Mae and Freddie Mac Lending was inaccurate or false. The way that spin is produced is often to include demonstrably true information with questionable, agenda driven, or false information mixed in. That way, only an expert can discern what is what. It makes the point previously shared by Brad Lovin of the North Carolina Manufactured Housing Association (NCMHA).




This article is valuable as an object lesson is not only fake or weaponized news, but who is behind it. Who benefits from this article as written? Several suspects become evident.

  • Nicole — is a Berkshire Hathaway focused reporter, as her own bio says.
  • Clayton Homes wanted to push their so called new class of homes.
  • The Manufactured Housing Institute (MHI) is widely seen as the mouthpiece of Berkshire brands, such as Clayton Homes, 21st Mortgage and Vanderbilt Mortgage and Finance (VMF).
  • Fannie Mae and Freddie Mac have paid MHI, ‘sponsoring’ events. That raises concerns over  conflicts of interest. It should be noted that former House Financial Services Committee Chair Jeb Hensarling publicly questioned the propriety of lobbying by the GSEs.


Who does the status quo harm?

Who does the status quo in MHVille harm?  Arguably manufactured housing independents, prospective consumers, and those manufactured home owners that might refinance existing chattel loans away from Berkshire owned brands if chattel lending was being done in earnest.  A lack of growth, or declining sales harms independents.  In fatigue, frustration, etc. a certain percentage sell out. As they do so, the value of their business is harmed by lower sales vs. higher ones, or lower community occupancy than higher occupancy, etc.

Rephrased, it harms the little guy, but can benefit the big boys.



April data reflects month 8th of the downturn, with nary a whimper from MHI or the big boys. Why?


Never forget that even during medieval times, castles and their moats were in fact breached.

There is more developing on this WSJ topic, so stay tuned.

That’s another Thursday edition of manufactured home “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©. ## (News, fact-checks, analysis, and commentary.)

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MH Community Leader Robert Van Cleef – Public Call – Federal Investigations of Berkshire Hathaway, Clayton Homes, 21st Mortgage, Manufactured Housing Institute



Photo of Commodore Homes model, MHARR logo, are provided under fair use guidelines. See article and letter to Secretary Carson, linked here.


President Trump Signs Executive Order on Affordable Housing Crisis, Ray of Light for Manufactured Housing? Plus, Manufactured Home Stock Updates







“Wealthier Class of Buyers” for Manufactured Homes, Wall Street Journal Video

April 26th, 2018 Comments off


Mobile homes” * [SIC] have traditionally served less affluent buyers, says the Wall Street Journal (WSJ), in the video posted below.


That may be statistically true, but the WSJ correctly points to a trend of a wealthier class of manufactured home buyers.



That’s not new for regular readers of We’ve interviewed a number of millionaires who live in manufactured homes, and have reported on the rich, famous and even billionaires who own their own HUD Code manufactured home.

But it may be a surprise to tens of millions of Americans.

The data from an upcoming report on the Daily Business News will underscore both the obstacles and the opportunities that the manufactured home industry has, today. Stay tuned for the news that can help you navigate the challenges, and by following common sense realities, could significantly grow your business.

Stay tuned…  ## (News, analysis, and commentary.)

  • Note: “SIC” means the typo or technical error is found in the original.

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The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

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The Latest Report on Credit Scores; and What It Means

May 30th, 2017 Comments off

CreditScoresWhichWayManufacturedHousingIndustryMHProNewsNew numbers out show that under the guidance of the Trump Administration, the nation’s economy is finally recovering from the recession.

According to the Daily Caller, Americans credit scores notched a record high this spring in conjunction with a decline in the share of U.S. consumers that are deemed to be high-risk borrowers. The average credit score hit 700 in April, the highest level since 2005. Also of note, the number of customers classified as the riskiest borrowers with a credit score below 600 make up just 20 percent of borrowers. This number is down from 25.5 percent seven years ago.

Additionally, about 6 million Americans will have bankruptcies removed from their credit scores within the next half decade, according to a report from Barclay’s PLC.

The increased scores represent reflection of the improving U.S. economy and a sign that customers are recovering from the housing crisis.


Progress…and Challenges?


A look at the progress of the Trump Administration. Credit: CNS News.

Per Newsmax, there is some concern among economists that old spending habits are coming back, but the economy is in much better shape and home loans are not being handed out like so much free candy, which was the bane of the Great Recession.

Some of us are worried that consumers are going back into old habits, but the U.S. consumer is in a much different position before the financial crisis and even before in the late 1990s,” said Ryan Sweet, an economist with Moody’s Analytics.

An important question is also posed: are consumers getting into the kinds of debt trouble that lead to recessions?

Consumers now owe roughly $12.73 trillion to banks and other lenders for mortgages, car loans and credit card spending, according to the New York Federal Reserve. That exceeds even the total before the last financial crisis.

While economists feel that a consumer’s willingness to borrow is good, as it shows their confidence in their financial future, economists also see three main stress points: auto loans, credit cards and — to a greater extent but for different reasons — student loans.

If it’s not a tool you can use to build stability and long-term net worth, debt leads to more problems than it can solve,” said Todd Christensen, a credit counselor with the nonprofit organization Debt Reduction Services.


What Does This Mean for “Generation Buy?”


Avocados stopping home buying? Credit: Daily Caller.

Research from the National Association of Homebuilders (NAHB), the National Association of Realtors (NAR), and others, shows that millennials are likely to continue having trouble coming up with a down payment for a site-built home largely because of student debt.

This provides a huge opportunity for the manufactured housing industry to position itself as a viable option.

Many of the challenges and desires of millennials read like a list tailor-made for modern manufactured homes. Greener, more affordable, a choice of sizes, styles and customizable floor plans.


Johnathan Smoke. Credit:

Millennials “represent an ‘Oh, shift’ moment in housing,” said Jonathan Smoke, chief economist for Realtor.

Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem,” said millennial Lindsey Bostick of Bostick Homes.

Bostick has lived in several kinds of housing, and now is a manufactured homeowner herself, so she knows.


Image credits, Lindsey Bostick, Inside MH Road Show, home photo, Sunshine Homes and

Today’s manufactured homes can look and live like a conventional, site-built house, and can be half the price of new constructionAdditionally, many manufactured homes are Energy Star rated, so they are more efficient than older, existing homes,” the university-graduated Bostick said.

For more on millennials and their desire for quality, affordable housing, click here. ##

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)



RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.


(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to of the exact page you’ve placed/posted such a use, once posted.)

Trump’s Negative News Coverage Belies Public’s Positive Pesky Facts

May 23rd, 2017 Comments off

The President and First Lady visit Saudi Arabia. 300 billion in deals were completed during the visit. Credit: The White House.

While various narratives continue from talking heads and media pundits about President Donald Trump’s lack of progress, the numbers don’t lie.

As the Daily Business News covered in a feature story yesterday, while President Trump continues to make progress, including the lowest unemployment rate in decades, and the highest consumer, business confidence, and homebuilder confidence numbers in years, along with over $300 billion in deals with Saudi Arabia, what ELS Chairman Sam Zell colorfully called a “cacophony” of Deep State resistance has moved into high gear.

And that cacophony is shown in a new study from Harvard University’s Shorenstein Center on Media, Politics and Public Policy, which looked at the news coverage of the President over his first 100 days in office.

The study, based on an analysis of news reports in the print editions of The New York TimesThe Wall Street Journal, and The Washington Post, the main newscasts of CBS, CNN, Fox News, and NBC, and three European news outlets – the Financial Times and BBC, and Germany’s ARD, show the power of media and the creation of echo chambers.


Credit: Harvard.

President Trump dominated media coverage in the outlets and programs that were studied, with the President being the topic of 41 percent of all news stories.

This is three times the amount of coverage received by previous presidents. He was also the featured speaker in nearly two-thirds of his coverage.

And with that coverage, which the President has received almost non-stop for most weeks of his presidency, without a single major topic where the coverage, on balance, was more positive than negative, setting a new standard for unfavorable press coverage of a president.


Those Pesky Facts…

New research from Gallup shows that Americans are less worried about eight specific financial issues than they were last year, with concerns about some issues falling to their lowest levels in a decade or more.


Credit: Gallup.

U.S. adults are most concerned about not having enough money for retirement and not being able to pay medical costs of a serious illness or accident, with 54 percent saying they are ‘very’ or ‘moderately’ worried about each. These two concerns have typically been the most worrisome issues for Americans since Gallup began asking about the collection of eight financial worries in 2001,” said Justin McCarthy, a Gallup analyst.


The Manufactured Housing Industry Speaks

With President Trump’s election in November, many in the manufactured housing industry saw tremendous value in a pro business, pro growth administration stepping into place.


Tim Connor, CSP. Credit: LinkedIn.

I don’t care whether you are a liberal, conservative, independent or something else – the bottom line with this year’s election was simply more of the same or something new, different or unique,” said Tim Connor, CSP.

Eddie Hicks, a long time MH industry veteran and consultant shared his take.

M/H owners are certainly one of the ‘hidden majority’ who may have felt somewhat disenfranchised in recent years,” said Hicks.


D.J. Pendleton. Credit, MHProNews.

It’s the dawning of a new day. After the shock and elation or disappointment wash over us, and we all have taken a collective deep breath, we can begin looking to the future. And in that future I think it is safe to say that changes, well, they are a comin‘,” said Texas Manufactured Housing Association executive director DJ Pendleton.

With a personal background in business, rather than government, Mr. Trump – during the just-ended campaign – has been a consistent critic of innovation-stifling and job-killing overregulation and regulators who ignore or rationalize the far-reaching negative impacts of such regulations on the health of the economy, smaller businesses and consumers….” Said MHARR President & CEO Mark Weiss, JD.


L A ‘Tony’ Kovach, credit, MHVillage.

As well as the markets and new job creation are already responding to his initiatives, where could we be if there wasn’t a non-stop assault on our new president?” said MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach.

For more on President Trump’s progress, and challenges, click here. ##


(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)



RC Williams, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.


(Copyright Notice: This and all content on MHProNews and MHLivingNews always have been and are Copyrighted, © 2017 by a dba of LifeStyle Factory Homes, LLC – All Rights Reserved. No duplication is permitted without specific written permission. Headlines with link-backs are of course ok. A short-quoted clip, with proper attribution and link back to the specific article are also ok – but you must send a notice to of the exact page you’ve placed/posted such a use, once posted.)

Obamacare in the Crosshairs – What’s the President’s Plan?

April 14th, 2017 Comments off

Credit: KPFA.

In the ongoing battle surrounding Obamacare, its repeal and its replacement, President Donald Trump is utilizing skills and tactics made famous in his book “Art of the Deal.”

In interviews this week, including one with the Wall Street Journal, President Trump said that he’s exploring the idea of withholding key Obamacare payments, a move designed to get Democrats to the table to negotiate.

I don’t want people to get hurt,” said President Trump.

What I think should happen — and will happen — is the Democrats will start calling me and negotiating.”

The move by the President could throw insurance markets into chaos, which in turn could put Democrats in a position to deal on repealing the law.

At the heart of the matter are the payments themselves, known as cost-sharing reductions (CSRs). The payments reimburse insurers for giving discounted deductibles to low-income Obamacare enrollees.

House Republicans have sued over the payments, arguing they are unconstitutional without a congressional appropriation.


ObamaCare is a jobs killer as well as unpopular with tens of millions of voters. Double digit hikes are coming in 2017, if this bill isn’t repealed and replaced by a GOP president and Congress.

One prominent Democrat spoke out forcefully in response to the President’s proposed move.

President Trump is threatening to hold hostage health care for millions of Americans, many of whom voted for him, to achieve a political goal of repeal that would take health care away from millions more,” said Senate Democratic Leader Charles Schumer (N.Y.)

This cynical strategy will fail. Our position remains unchanged: drop repeal, stop undermining our health care system, and we will certainly sit down and talk about ways to improve the Affordable Care Act.”

President Trump has not said for sure whether he would actually seek to cancel the payments, or whether or not Congress should appropriate the money.

I might continue the payments so that I won’t be blamed for chaos in the system. That’s part of the reason that I may go the other way,” said President Trump.

The longer I’m behind this desk and you have Obamacare, the more I would own it.”


Credit: Liberty Juice.

While the suit from House Republicans is ongoing, President Trump could simply drop the defense of it and cancel the payments, which would likely result in insurers either spiking premiums or dropping out of the Obamacare market altogether.

Insurers are also pushing for more certainty, as they decide whether or not they will participate in Obamacare next year. Some Congressional Republicans have also called for appropriating the money, which could override any decisions from the Trump administration, and keep payments going.


A Real, Practical Solution for Healthcare?

The Daily Business News recently covered the story of Dr. Josh Umbehr of Atlas MD, discussing a potential “best option” for Obamacare repeal and replacement in terms of controlling costs and providing cost-effective services.

Umbehr’s co-op model has already been proven in their clinic, and in other clinics that are doing something similar. For additional insight on this plan and how it would work in combination with the proposed health plan from the Freedom                                 Caucus, MHProNews reached out to a respected MD about the concept.


Dr. David Murdock. Credit: Healthgrades.

I’ve always liked this type of practice. It doesn’t include hospital care or specialty care, but that could be covered by the catastrophic insurance with a large deductible,” Dr. David Murdock, a cardiologist from Wausau, WI, said to MHProNews when asked about this practice.

If I was a primary doctor, I would push this for my patients.”

Murdock explained that this proven medical care system was a case of back-to-the-future.

That’s actually a return to the way medical care was done in the years before Medicare and widespread insurance,” Murdock said. “It’s not new, it’s a return to how it worked well in the past.“ 

You can see the built in mechanism to contain cost,” said Murdock.

For more on Obamacare and its impact on the manufactured housing industry, click here. ##


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Moves In U.S. Home Price Index

April 3rd, 2017 Comments off

NAR headquarters, Washington, D.C. Credit: NAR.

New data from Case-Shiller shows that January home prices rose at the fastest rate since 2014. While this spells a win for sellers, it could eventually affect buyer demand.

According to the Wall Street Journal, home prices rose 5.9 percent in the 12 months ended in January, the strongest increase in 31 months, up from a 5.7 percent year-over-year increase reported in December.

The strong growth in prices poses a challenge for first-time buyers trying to get into the market this year.

This spring market looks to be heated. There are a far larger number of buyers chasing after fewer inventories, said Lawrence Yun, chief economist at the National Association of Realtors.


Lawrence Yun. Credit: NAR.

Prices are easily outpacing people’s income growth” which is causing “consternation for renters who are trying to get into the homeownership market.

The markets with the most activity were in the northwest, with Seattle seeing an 11.3 percent increase, with Portland showing a 9.7 percent year-over-year gain and Denver with a 9.2 percent increase.

In September, home prices hit a new record high, driven by strong demand and a shortage of available homes. The number of homes for sale was down 7.1 percent in January compared with a year earlier.

Tight supplies and rising prices may be deterring some people from trading up to a larger house and also shrinking the number of households that can afford to buy at current price levels,” said David Blitzer, managing director at S&P Dow Jones Indices.

At some point, this process will force prices to level off and decline — however we don’t appear to be there yet.

In month-over-month numbers, the U.S. index rose 0.2 percent in January, while the 10-city average rose 0.3 percent and the 20-city average rose 0.2 percent.

Purchases of previously owned homes were down in both January and February, with tight inventory and rising prices frustrating would-be buyers. Existing homes sells declined 3.7% in February. ##


(Image credits are as shown above.)



RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Cordray Defiant, Says Trump Won’t Change Agency

January 28th, 2017 Comments off

Richard Cordray walks into a Treasury hearing. Credit: LA Times.

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

And he’s not pulling any punches.

The new administration really shouldn’t change the job at all,” said Cordray at a forum held by the Wall Street Journal.


We’re expected to work with different administrations of different points of view. We have … an independent mandate to do what we do and we will continue working to protect consumers.

Cordray has said in the past that he has no intention of stepping down. His term ends in 2018.

As Daily Business News readers are aware, the Trump Administration has sent clear signals that Dodd-Frank is in the crosshairs for parts of the legislation to be rolled back, or repealed.


A tweet from Senator Bob Sasse.

After the election, Republican Senators Bob Sasse (Neb.) and Mike Lee (Utah) penned a strongly worded letter to then Vice President-elect Mike Pence, urging then President-elect Donald Trump to remove Cordray.

It’s time to fire King Richard,” said Sasse.

Underneath the CFPB’s Orwellian acronym is an attack on the American idea that the people who write our laws are accountable to the American people. President-elect Trump has the authority to remove Mr. Cordray and that’s exactly what the American people deserve.”

The Daily Business News has also followed the CFPB saga closely, including their involvement in the Wells Fargo case and a D.C. circuit court ruling that deemed the organization unconstitutional due to it’s lack of independent oversight.

Senator Mike Lee touched on the importance of the unconstitutional ruling.

The Constitution was written to protect the American people from unelected and unaccountable bureaucrats, said Lee.

Considering the damage CFPB has done to credit unions and community banks, President Trump should act quickly to remove the director.

CFPB Dir. Richard_Cordray_c-span2__credit postedDaily BusinessNewsMHProNews

Credit: CSPAN2.

Within a week of the letter from Sasse and Lee, Democrats came to Cordray’s defense.

Do not tell Richard Cordray he’s fired,” said Senator Chuck Schumer (NY).


Senator Sherrod Brown. Official photo.

Firing Cordray might be part of the billionaire agenda, but removing him and gutting the consumer bureau would shatter Trump’s promise,” said Senator Sherrod Brown (OH), who is the ranking Democrat on the Senate Banking Committee.

Senators Schumer and Brown have now been joined by Rep. Maxine Waters (D-Los Angeles) and 37 other members of the Congressional Black Caucus in the effort stop action on Cordray.

In a letter to President Trump on Tuesday, they wrote that they “would strongly oppose” any attempt to remove Cordray and “would view such an action as an illegitimate abuse of power.

Director Cordray has done nothing to give the necessary cause for his removal from office,” wrote the lawmakers.


Representative Maxine Waters. Credit: Wikipedia

Communities of color and, indeed, all consumers in America will benefit from having director Cordray remain in his position and continue to independently implement the mandates imposed upon him by Congress as the director of the CFPB.

While the CFPB is credited with taking actions to protect consumers, most notably in the Wells Fargo case, those who have followed the history of the CFPB understand that the CFPB was not the lead agency in the case and during the time the events took place in 2011, the CFPB charter basically only allowed it to police the activity of big banks.

It did not catch the Wells Fargo activity at that time.



Parody of CFPB logo – credit, Plus 1 Properties. Cartoon credit, MHProNews.

Cordray also commented about whether he would fight an attempt by Trump to fire him.


MHProNews Sponsor, for more information, click the banner above.

I was nominated and then confirmed by the Senate to serve a term,” said Cordray.

All the independent federal regulatory agencies have terms that overlap one administration or another. That’s meant to preserve their independence.

That’s important because without the independence you end up mired in partisan politics, the big-money special interests … will try to dictate results.

For a deep dive into the CFPB, Dodd-Frank and their adverse effects on the manufactured housing industry, click here. ##


(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

RC Williams, for Daily Business News, MHProNews.

Buffett Supports Trump Picks, Soros Has Other Ideas

January 23rd, 2017 Comments off

Credit: Newsmax.

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

But, there’s one well-known mogul who sees them as the right choices.

I overwhelmingly support President-elect Donald Trump’s choices for cabinet positions,” said Berkshire Hathaway CEO Warren Buffett.

Buffett made the comments last week at the premiere of a documentary about his life.

I feel that way no matter who is president. The CEO — which I am — should have the ability to pick people that help you run a place.

Buffett then doubled down on the CEO comment.

If they fail, then it’s your fault and you got to get somebody new,” said Buffett.

Maybe you change cabinet members or something.

While Buffett supported Democratic nominee Hillary Clinton during the election and called President Trump out regarding his tax returns, once the election was over Buffett told CNN that people could disagree with the president-elect, but he “deserves everybody’s respect.

According to Newsmax, Trump’s popularity is the worst for an incoming president in at least four decades, with just 40 percent of Americans saying they have a favorable impression of him, according to a Washington Post-ABC poll published January 17th.

Buffett doesn’t believe that matters very much.

It’s what you go out with that counts – 20, 50 years later what people feel you’ve achieved.” Said Buffett.


A Stark Contrast


George Soros at Davos. Credit: CNBC.

Another mogul has a vastly different idea.

Billionaire George Soros also supported Hillary Clinton, to the tune of almost $10 million to super PACs. Additionally, Soros has also been connected to the funding of Black Lives Matter and other organizations.

Over the weekend at the World Economic Forum in Davos, Switzerland, Soros made his position crystal clear.

I personally am convinced that he is going to fail,” said Soros.

Failure will come not because of people like me who would like him to fail, but because his ideas that guide him are inherently self-contradictory and the contradictions are already embodied by his advisors.

Soros then elaborated on his comments.

I have described him as an impostor and a con man and a would-be dictator,” said Soros.

But he’s only a would-be dictator because I’m confident that the Constitution and the institutions of the United States are strong enough. He would be a dictator if he could get away with it, but he won’t be able to.

Most recently, Soros has been connected to over 50 groups that he has either funded or has close ties with who participated in the “Women’s March on Washington.”


Asra Q. Nomani. Credit: Washington Post.

Soros has funded, or has close relationships with, at least 56 of the march’s ‘partners,’ including ‘key partners’ Planned Parenthood, which opposes Trump’s anti-abortion policy, and the National Resource Defense Council, which opposes Trump’s environmental policies,” said Asra Q. Nomani, a former Wall Street Journal reporter.

The other Soros ties with ‘Women’s March’ organizations include the partisan (which was fiercely pro-Clinton), the National Action Network (which has a former executive director lauded by Obama senior advisor Valerie Jarrett as ‘a leader of tomorrow’ as a march co-chair and another official as “the head of logistics”). Other Soros grantees who are ‘partners’ in the march are the American Civil Liberties Union, Center for Constitutional Rights, Amnesty International and Human Rights Watch.


Credit: NBC News.

Nomani, an immigrant of the Muslim faith, voted for Donald Trump and received national media attention.

Impact of Trump Administration on MHVille

While the pro-Hillary Clinton side of the media spotlights the Soros-backed “rent-a-riot” protests, businesses are planning on investing billions more in the U.S., based upon President Trump’s economic policies.  Tim Williams told MHProNews that, “I am deeply encouraged that less than 24 hours into President Trump’s term, he has frozen new, potentially burdensome regulations.”  For his full comments, click here.

MHARR CEO, M. Mark Weiss, JD, told MHProNews similar thoughts, see the story, linked here.

As Daily Business News readers are aware, Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory-built housing industry suppliers.

For the most recent closing numbers on all Berkshire Hathaway – and all MH industry-connected tracked stocks – please click here.  ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

CFPB Takes Action, Faces Additional Scrutiny

December 21st, 2016 Comments off

Paradoy of CFPB logo – credit, Plus 1 Properties. Cartoon credit, MHProNews.

As the year draws to a close, the Consumer Finance Protection Bureau (CFPB) is taking action, and is also facing scrutiny.

According to Mortgage Daily News, The CFPB has entered into a consent order with Moneytree to settle allegations that the company engaged in deceptive advertising, sent consumers deceptive collection letters, and did not obtain written authorization for electronic repayments.

The consent order requires the company to pay approximately $255,000 in consumer redress and a civil money penalty of $250,000 to the CFPB. Moneytree did not admit to any wrongdoing in the matter.

The agency has also taken action against took action against four pawnbrokers in Virginia for “deceiving consumers about the actual annual costs of their loans.

Lawsuits filed in federal court by the CFPB alleged that the four companies broke the law by misstating the charges associated with pawn loans, and the suit seeks to get restitution for customers in addition to imposing penalties.


Credit: Wikipedia, CFPB, HubPages.

CFPB Hurting the Middle Class?

A scathing op-ed from the Competitive Enterprise Institute (CEI) says that the CFPB has “imposed rule after rule that hurts consumers and the middle class especially,” and lays out a number of ways that the organization could be causing financial problems, including the CFPB’s qualified mortgage (QM) rules, making short term loans difficult to get, encouraging suing in disagreements as opposed to arbitration and compiling mass amounts of consumer data.

On consumer data, CEI points to an article written by former House Speaker Newt Gingrich in The Wall Street Journal.

Every month the CFPB … gathers data on 22 million mortgages, 5.5 million student loans, two million bank accounts with overdraft fees, and hundreds of thousands of auto sales, credit scores and deposit advance loans.


Still from an Inside MH video, reflecting how Richard Cordray himself said that there was never much high cost lending in the manufactured housing industry market. To see the video of Cordray and others, click here.

Daily Business News readers are no strangers to the ongoing saga of the CFPB and the Dodd-Frank Act, with extensive coverage of the impact on the manufactured housing industry, the CFPB being ruled unconstitutional by a D.C. Circuit Court, and both Dodd-Frank and the CFPB being deep in the cross-hairs of President-elect Donald Trump.


James Cox. Credit: Duke.

According to some experts, while an all out repeal of Dodd-Frank is unlikely, significant changes to key parts of the law are a real possibility.

I don’t think it eviscerates Dodd-Frank, but I think it takes away some parts,“ said James Cox, a Duke University expert on securities law speaking on the Trump team’s approach. ##

(Image credits are as shown above.)


RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Inventory of Entry-level Homes may finally be Rising

August 18th, 2016 Comments off

home planning  theatlanticcities  credit postedDailyBusinessNewsMHProNewsMHProNews has learned from constuctiondive that the median size of new U. S. single-family homes fell nearly three percent from Q1 2016 to Q2 2016, slipping from 2,465 sq ft to 2,392 sq ft. On a one-year moving average, however, median home size has actually risen 16 percent, according to the National Association of Home Builders (NAHB). The quarter-to-quarter decline may indicate an increase in (smaller) starter home inventory. New multifamily rental apartment sizes did not experience the same fluctuation in size.

The NAHB gleaned from the Census Bureau’s Survey of Construction that the median size of a new single-family lot is 8,600 sq ft, which is a record low, although regional differences may account for the drop: In New England, the median size of a lot is one-half acre, while home builders in the Pacific region worked with less that 0.15 acres in 50 percent of lot inventory.

Additionally, a May NAHB report indicates that building lot availability is at an all-time low, which could either drive the price up, or prompt developers to build on smaller lots.

A June Wall Street Journal report reveals median single-family home size has increased in the U. S. eleven percent in the last ten years, and 61 percent larger since 1975. Since the housing crash and recession, mainly those not so affected by the downturn at the upper end were building homes, so builders focused their energies on more luxury homes.

A May Zillow Real Estate Market Report reveals starter home inventory has fallen nine percent year-over-year, pushing prices in that market up eight percent year-over-year, which is twice the rate of the overall market. Further, the shortage of entry level inventory has led to a decrease in the number of first-time home buyers. ##

(Image credit:theatlanticcities–home planning)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J Silver to Daily Business News-MHProNews.