Posted on June 23, 2008

North Carolina's proposed legislation (H1700) to protect residents in park closures moved one step closer to becoming law on Friday.  The bill left Judiciary II and now moves across the Legislature Chambers into the Senate.

This bill, sponsored by Susan Fisher of Asheville, would provide park owners with an incentive to sell their properties to resident-owned cooperatives or to non-profit managed ownership groups.

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Posted on June 20, 2008

Foreclosures have increased by 17 percent, year over year, for the first five months of 2008 in North Carolina.

Data comes from records on commercial and residential foreclosures maintained by the North Carolina Administrative Office of the Courts, covering the period from January to the end of May for each year.

Brunswick County showed the greatest leap of any of the large counties, with foreclosures jumping 129 percent. Mecklenburg County had the greatest absolute increase, relative to spring of last year, with a jump of 445 additional foreclosure filings.

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Posted on June 19, 2008

In the last days of this year's short session, the problem of abandoned mobile homes has been the subject of an active discussion in the NCGA.

Philip Haire, a House member from Haywood County and chair of the Appropriations Committee, has again advanced his bill (H1134) to provide a means for governments to clean up their abandoned mobile homes. This is the fourth year that some iteration of the bill has existed.

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Posted on June 18, 2008

North Carolina's General Assembly gave substantial attention yesterday to a bill that would impact the fates of manufactured housing residents.

H1700, a bill sponsored by Susan Fisher that would provide a financial incentive to park owners to sell to resident or non-profit groups, made some progress in Judiciary II.  The bill was held up by its notice provision, which had stipulated that park owners should communicate in writing via US mail to each resident prior to a sale.

According to one MH industry leader, this triggers some concerns over property rights.

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Posted on June 16, 2008

On Tuesday this week, the North Carolina General Assembly will hear two bills that can make a difference for residents of mobile homes in our state.

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Posted on June 11, 2008

Sometimes I talk to local officials who are concerned about the housing crisis, but do not feel that they can do much to support their own neighborhoods. Next week, in fact, I'll be traveling down to the southeastern corner of North Carolina to speak to county and city government staff about this very topic.

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Posted on June 5, 2008

The Office of the Comptroller of the Currency has published its latest CRA examinations.

This is a departure for MHR. It does not involve manufactured housing. Nonetheless, it does focus on financial institutions and their interactions with low-income families.

About the way that our regulators are not choosing to regulate: It is largely a case of "everyone gets a trophy." This is a new trend in our culture. It can be witnessed in Little League, in school plays, or in a lot of places. It is hard to argue with the idea that everyone needs to be rewarded for "effort" in many instances.

Our financial system is not one of those places.

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Connecting the Dots: How Wall Street Brings Fringe Lending to Main Street

At-risk students, for-profit college

"I Feel Like I was Set Up to Fail: Inside a For-Profit College Nightmare."

This story was published in Salon Magazine on January 27th, 2014. In March, Senator Richard Durbin cited this story when speaking on behalf of his bill, The Student Loan Borrowers Bill of Rights.

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