Captive Finance is back in the spotlight. We did a previous in-depth report that covered a variety of perspectives on ‘buy here, pay here’ lending, linked here. This month, the article by manufactured home lending veteran, Josh Ducharme, is getting the attention. Maybe that’s because reportedly hundreds are still using what Josh and others think …
Captive Financing and Selling more Manufactured Homes Read More »
Their headline was a strong tease. Indeed, there were two Consumer Financial Protection Bureau (CFPB) representatives at the Manufactured Housing Institute (MHI) Congress and Expo (C&E) event last week in Las Vegas. It was hardly an 'invasion.' Indeed, we knew the week prior to Congress and Expo that the pair had registered and paid to …
CFPB, MHI and MH Captive Finance Lending? Like “Screen Doors on a Submarine.” Read More »
Let's sandwich considerable good news at the start and end of today's Pensées (thoughts) between a pretty challenging – or some would say – an ugly reality. The good news? New manufactured home shipments continued to rise, in spite of all the legal head winds and the worst U.S. winter in decades. New Capital is …
Eli Wiesel vs. The Manufactured Housing Enemies List Read More »
As regular readers of MHProNews know, Manufactured Housing has had three steady years of growing production since it hit bottom during the not-so-great recession. While we may not hit the hoped for level of 60,000 homes produced in 2013, still the growth has been steady. But what will happen now that the Consumer Financial Protection …
As regular readers of our popular, free twice weekly emailed news update know, 2012 was a record year here at MHProNews, as we completed the first full year of our new web-media format. That said, 2013 is blowing 2012 away! We have already had more visitors and more page views this year than all of …
In recent years regulatory impact has forced our industry into pretzel-like contortions. Consider the challenges faced by manufactured home communities. When options – such as "buy-here, pay-here" "captive finance" are tried, the ever growing cost of regulatory compliance threatens those methods. While a number of states have de minimus exemptions, not so with the Feds. …
Hot July nights and even hotter days have yielded to August and the frenzy of back to school and so much more. Manufactured housing is still on a general two year uptick in new home shipments. As you will see in some of our August Featured Articles, while there are still plenty of challenges to …
One of the advantages of publishing an electronic trade journal like www.MHMSM.com (aka www.MHProNews.com) is that over time, you built a list of experts as go-to resources on key topics. Some experts are writing columns for us monthly or periodically. Some you can see on my LinkedIn profile, but other experts and professionals are entirely …
Got a manufactured housing question? Ask an expert! Read More »
I recently have had a number of email exchanges with some well-known industry personalities about the subject of training and other business related investments. There are certainly companies that have good training and personnel development programs in the manufactured housing community field. We have some managers and owners who have taken and passed ACM type …
