Manufactured Home Community Owner YES! Redistributes Assets
YES! Communities, one of the largest owners of manufactured home communities in the nation with 178 communities in 17 states containing over 44,600 residential home sites, has announced it has sold 71...
View ArticleCarlyle Group Secures $115 Million Package
Manufactured home community (MHC) owner/operator Carlyle Group, headed by Ronald Singer, has recieved $115 million loan package to refinance 32 MHCs, per the CommercialObserver. Financed by Wells...
View ArticleNative Americans Rack up $1.7 Billion in Mortgages as of Aug. 11
According to indiancountrytodaymedianetwork, the 2015 Home Mortgage Disclosure Act reveals Quicken Loans of Michigan has replaced Wells Fargo Bank as the top lender to Native Americans with $283...
View ArticleUMH Properties Announces New Mortgage Loan
UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation...
View ArticleInvestor Sentiment Better than Expected for UMH Properties
Institutional investors appear to be pleased with UMH Properties Inc. (NYSE: UMH), with 44 managers opening or increasing stock positions. UMH shares have risen 20.27 percent since April of this year,...
View ArticleDodd-Frank, CFPB Deep in Trump Administration Cross Hairs
The goal of the incoming Trump administration with regard to Dodd-Frank has been made clear. “To dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job...
View ArticleU.S. Homebuilder Confidence, November Report
The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index was released on November 16th and remained unchanged at 63. The index is two points below September’s reading, which...
View ArticleGOP Senators to President-elect Trump: Fire CFPB Head Richard Cordray!
Republican Senators Bob Sasse (Neb.) and Mike Lee (Utah) penned a strongly worded letter to Vice President-elect Mike Pence on Monday, urging President-elect Donald Trump to remove Director Richard...
View ArticleHomebuilder Confidence Numbers Released
In the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released last week, homebuilder confidence in the market for newly-built single-family homes jumped six...
View ArticleAffordable Home Inventory Crisis – Manufactured Housing Center Stage?
New information from the National Association of Homebuilders (NAHB), shows that an elevation in home values, triggered by tight inventory conditions across all housing categories is contributing to...
View ArticleNewly-built Housing Index Highest in Seven Years
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s...
View ArticleHundreds Lose Refinancing Jobs
As mortgage giant Wells Fargo lays off 763 workers in its Home Mortgage division because refinancing requests are declining, the company says it will try to find other positions for those employees,...
View ArticleModular Home to be Built by Students
Habitat for Humanity Wind River Country in Riverton, Wyoming will receive $15,000 from Wells Fargo to help build a modular home for a single mother and three children. Marking Habitat’s 16th house...
View ArticleHousing Market Improves; Policy Challenges Await
Housing affordability slipped nationwide as home prices in recovering markets rose during the second quarter, according to the National Association of Home Builders (NAHB) Wells Fargo Housing...
View ArticleMood Continues to Brighten for Home Builders
Builder confidence for new, single-family homes rose three points to 59, according to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), bringing the index to its...
View ArticleFive years after Dodd-Frank, Community Banks failing, Consumers suffer and...
Sounding off in the respected Huffington-Post, Wake Forest Law School Professor Tanya Marsh writes that: “First, the mega banks are just fine.”…”Second, community banks are definitely not fine.” and...
View ArticleBuilder Confidence Holds Steady in September
According to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), builder confidence in the market for new, single-family homes remained unchanged in Sept. at 58....
View ArticleNew Home Housing Market Index Drops two Points
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence dropped two points to 55 in October due in part to continuing challenges in the...
View ArticleMultifamily Building Spikes in 2012
The Mortgage Bankers Association (MBA) reports last year 2,083 multifamily housing lenders provided $146.1 billion in new loans to apartment buildings with five or more units, representing a 33 percent...
View ArticleHome Builders Remain Confident
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) indicates more builders of newly-built single-family homes view market conditions as good rather than poor for...
View ArticleTraditional Home Buyers Returning to Market as Investors Leave
Home prices rose 0.5 percent in October over the previous month, according to nationalmortgagenews.com, as prices climbed 8.2 percent year-over-year, based on data from the Federal Housing Finance...
View ArticleHousing Market Index Falls One Point, but Still Above 50
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reports builder confidence in the market for newly built, single-family homes fell one point to 56 in January....
View ArticleFannie Mae Finalizes Repurchase Liabilities
Fannie Mae has collected nearly $14 billion from eight mortgage lenders since the start of 2013 for repurchase claims, and just agreed to $591 million from Wells Fargo, which will mark the end of its...
View ArticleSun Communities’ Stock Upgraded
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014...
View ArticleSun Communities to Release Financials
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving...
View ArticleDrew Completes Acquisition of Star Design
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition...
View ArticleNew Home Builder Confidence Struggles
The National Association of Home Builders (NAHB)/Wells Fargo index of builder confidence rose to 47 in March from a reading of 46 in February. The gauge measures builders estimates of how the housing...
View ArticleSun Communities Announces Dividend
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of...
View ArticleHousing Affordability Rises Slightly in First Quarter 2014
The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports lower median prices and steady mortgage rates contributed to higher housing affordability in Q1...
View ArticleGreen Tree could Face Fines if Mortgage Servicing not Corrected
The latest compliance report released by the Office of Mortgage Settlement Oversight reveals Green Tree Servicing failed eight of the settlements 29 metrics for mortgage servicing, according to...
View ArticleSingle-family Home Builder Expectations Rise
MHProNews has learned the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose four points to 53 in July, indicating more single-family home builders than not have...
View ArticleWells Fargo Reports Growth in Originations
According to nationalmortgagenews.com, Wells Fargo executives welcome the effort by Federal Housing Finance Agency Director (FHFA) Mel Watt to expand mortgage credit availability, but caution that...
View ArticleHousing Affordability Slips in Second Quarter, 2014
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), housing affordability nationwide slipped in the second quarter 2014 for families earning the...
View ArticleThink Loan Steering is no big deal? Wells Fargo Settles $175 Million case
Wells Fargo will pay $175 million in compensation to more than 30,000 minority borrowers who allegedly were steered into riskier, more expensive loans during the housing boom. US News tells MHProNews...
View ArticleWells Fargo – A Whole New Ball Game for Housing in 2015
There is some good news on the horizon for the housing industry as many experts and economists expect an expanding market for 2015. Most housing analysts are predicting substantial growth in housing...
View ArticleIndicators of New Home Sales Rise for 2015
In a sign that the home-building industry is set for a busy spring season, John Burns Real Estate Consulting Inc. reports a survey of home builders indicates Feb. 2015 sales were up 12 percent from the...
View ArticleBuilders of Single-family Homes see Brighter Days
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June, more than expected, from 54 to 59 points, hitting its highest level since September,...
View ArticleHomebuilders Confidence Level Hits High Mark
Marking the 13th consecutive month reading above 50, and hitting the highest point in nearly a decade, the National Association of Home Builders/Wells Fargo builders confidence gauge high 60 this...
View ArticleSunday Morning Recap-Manufactured Housing Industry News Jan. 24 -Jan. 31, 2016
What’s New in public focused Manufactured HomeLivingNews.com Not “Beer Cans on Frames,” they’re Modern Manufactured Homes! What’s New in Manufactured Housing Industry Professional News Interview with...
View ArticleWells Fargo was Freddie’s Top MHC Seller in 2015
Following a story MHProNews posted Jan. 14, 2016 regarding GSEs Fannie Mae and Freddie Mac’s multifamily loans for 2015, which totaled just under $90 billion, rebusinessonline reports CBRE was...
View ArticleSunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016
What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry...
View ArticleHousing Affordability Rose in Q4 2015
The Housing Opportunity Index (HOI) report released by the National Association of Home Builders (NAHB) and Wells Fargo reveals U. S. housing affordability rose in the final quarter of 2015. Reflecting...
View ArticleBuffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent
As Warren Buffett’s Berkshire Hathaway approaches ten percent ownership in Wells Fargo & Co., mostly through several of Berkshire’s subsidiaries, he will have to pass a Federal Reserve review if he...
View ArticleSunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016
What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town...
View ArticleDrew Drawing a Bead on Overseas Markets?
MHProNews has learned that Elkhart, IN-based Drew Industries, Inc. announces the refinancing of its revolving credit facility from its current $100 million that will expire in Jan. 2019, to $200...
View ArticleRegulatory Costs for New Home Construction Keep Climbing
According to a report courtesy of HousingEconomics.com, the National Association of Home Builders (NAHB) states that 24.3 percent of the average cost of a new single-family home is the result of...
View ArticleHomebuilder Confidence Numbers Show Need for Manufactured Housing
New data from the National Association of Home Builders (NAHB) and Wells Fargo’s Housing Market Index (HMI) showed that homebuilder confidence grew in May to its second highest point since the...
View ArticleBuffett’s Clayton Buys Yet Another Builder, Growing Dominance in U.S. Housing...
Last week, the Daily Business News on MHProNews was the first in manufactured housing to report that Berkshire Hathaway’s Clayton Property Group added Colorado based Oakwood Homes to their expanding...
View ArticleWarren Buffett, “the Moat,” Manufactured Housing, Berkshire Hathaway, Clayton...
“Sometimes it’s best to hide in plain sight.” – David Estes. Warren Buffett’s ‘moat principle’ has been laid out by others in their investment commentary, such as was covered by Seeking Alpha in last...
View ArticleDone! AG Bag$ Manufactured Modular Home Retailer
“Attorney General (AG) Lawrence Wasden has announced the conclusion of a consumer protection lawsuit against manufactured home retailer Hathaway Homes Group, LLC, and its former owner, Paul J....
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