Ginnie Mae

Ginnie Mae’s Mortgage-Backed Securities Portfolio Tops $2 Trillion, Providing More Americans the Opportunity for...

Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, the federal guarantor announced today. That’s up from $1 trillion just eight years ago
MBA

MBA Opens Doors Foundation Announces 2018 Award Winners

The Mortgage Bankers Association (MBA) today announced the recipients of the MBA Opens Doors Foundation (Opens Doors) annual awards, which recognize those who have made lasting contributions to advance the Foundation's mission of providing mortgage and rental assistance grants to parents and guardians caring for a critically ill or injured child
MBA

MBA Forecast: Purchase Originations to Increase to $1.2 Trillion in 2019

The Mortgage Bankers Association (MBA) announced today at its 2018 Annual Convention and Expo in Washington, D.C., that it expects to see $1.24 trillion in purchase mortgage originations in 2019 - a 4.2 percent increase from 2018. MBA anticipates refinance originations will continue to trend lower next year, decreasing by 12.4 percent to $395 billion.
DOE

Department of Energy Announces $46 Million to Improve Resiliency of Solar Generation

The U.S. Department of Energy (DOE) announced up to $46 million in research funding to advance holistic solutions that provide grid operators the situational awareness and mitigation strategies against cyber and physical threats. With more and more solar generation coming online every day, grid operators need the tools and technologies to ensure that the electric grid is resilient and energy services are delivered to critical infrastructure.

Ohio Contractor Tom Martin Named SMACNA 2018 Contractor of the Year

Tom Martin, President of T.H. Martin Inc. in Cleveland, Ohio, received the annual SMACNA Contractor of the Year award at the Sheet Metal and Air Conditioning Contractors’ National Association’s 75th Annual Convention today.
NAHB

Builder Confidence Rises One Point in October, Remains at Summer Levels

Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June
NAR

Realtors® Applaud Senate Passage of 2018 WRDA Bill

National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018.
MBA

September New Home Purchase Mortgage Applications Increased 8.2 Percent

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2018 shows mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent.
MBA

MISMO® Seeks Input on Standardized Dataset for Private Label Mortgage Assets

MISMO, the mortgage industry's standards organization, is seeking participants to define a standardized mortgage asset dataset to support rating agency asset valuation efforts necessary for securitizing residential mortgages.
ULI

Housing Developments in Houston, Chicago, Honolulu, Washington, D.C., and Haverhill, Massachusetts are Selected as...

Avenue Place/Avenue Terrace in Houston, Clybourn 1200 in Chicago, Keauhou Lane in Honolulu, Conway Center in Washington, D.C., and Harbor Place Residences in Haverhill, Massachusetts have been selected by the Urban Land Institute’s (ULI) Terwilliger Center for Housing as the winners of the 2018 Jack Kemp Excellence in Affordable and Workforce Housing Award.
Energy and Natural Resources Committee

Senate Passes Major Water Infrastructure Bill

U.S. Sen. Lisa Murkowski, R-Alaska, today released the following statement after the Senate passed, S. 3021, America’s Water Infrastructure Act of 2018, through a bipartisan vote of 99-1. The bill, which passed the House of Representatives by voice vote in September, now heads to the president’s desk.
NeighborWorks America

NeighborWorks America convenes major training for community leaders

As people across the country struggle to address critical needs like housing and employment, collaboration is key to achieving solid results. Identifying 'change agents' in a region who lead others to a better situation is critical. Residents know best what's working and what's not in their neighborhoods, and often have the local knowledge and insight to solve problems effectively.
ULI

Dallas/Fort Worth Back at #1 as Brooklyn, Orlando and Tampa Jump into the Top...

Talent and economic diversity are the leading themes running through this year’s top cities in the latest Emerging Trends in Real Estate® 2019, released today by PwC US and the Urban Land Institute (ULI). Dallas/Fort Worth is back in the #1 spot due to its young workforce and high business start-up activity, while Brooklyn (#2), Orlando (#4) and Tampa (#10) make the top 10 for the first time in the report’s 40-year history.
NYU Furman Center

NYU Furman Center and Abt Associates Launch Tool to Tackle High Housing Costs

The NYU Furman Center and Abt Associates launched LocalHousingSolutions.org, an online, interactive tool to help communities develop local strategies that promote housing affordability. A growing number of communities across the country are struggling with problems tied to high housing costs, including rising homelessness, fear of displacement among longtime residents, and growing numbers of households unable to afford their rents or mortgages.

At NAREB CBC Forum, Housing Experts Say Legacy of Discriminatory Policies and Practices Fuel...

Decades of discriminatory lending practices and government policies have created barriers for African Americans seeking to become homeowners, according to leading housing experts participating in a forum today on fair housing, which was hosted by the National Association of Real Estate Brokers (NAREB) at the Congressional Black Caucus Foundation Legislative Conference.

DHS Issues Waiver to Expedite Border Construction Project in Hidalgo County, Texas

The Department of Homeland Security has issued a waiver to waive certain laws to ensure the expeditious construction of barriers and roads near the international border in the state of Texas, in the county of Hidalgo.  The waiver was published in the Federal Register on Oct. 11, 2018.
NAHB

Former NAHB Chairman Ed Brady Named New President and CEO of Home Builders Institute

Ed Brady, Bloomington, Ill.-based builder and developer and 2016 Chairman of the National Association of Home Builders (NAHB), has been appointed as the new president and chief executive officer of the Home Builders Institute (HBI).

BLM SEEKS PUBLIC COMMENT TO LEASE LAND TO THE CLARK COUNTY SCHOOL DISTRICT FOR...

The Bureau of Land Management Las Vegas Field Office is seeking public comment on a proposal to lease approximately 15 acres of public land to the Clark County School District for an elementary school and related facilities. The proposed elementary school is located on the north half of Gary Avenue, south half of Richmar Avenue, and a portion of the west half of Polaris Avenue in the southwest area of the Las Vegas Valley.

Ten U.S. Communities Awarded Grant Funding to Support Green Infrastructure Projects

Today, as part of the Great Urban Parks Campaign, the National Recreation and Park Association (NRPA) awarded grant funding totaling $2 million to support green infrastructure projects in 10 U.S. communities. These communities join cities, such as Atlanta, Georgia; Pittsburgh, Pennsylvania
TriangleCenter

CBRE’s Philip D. Voorhees and NRP-West Team Complete Sale of Triangle Center for $38.3...

CBRE Executive Vice President Philip D. Voorhees announced today that the National Retail Partners-West (NRP-West) completed the sale of Triangle Center in Longview, Washington, a community center, 98 percent leased to high performing, national and regional credit tenants including Winco Foods (not a part), Ross Dress for Less, Bed Bath & Beyond, Michaels, Petco, Rite Aid, Ace Hardware, Ulta Beauty, Big 5, Office Depot along with Five Guys, Great Clips, GameStop and others.

Editors’ Picks

Making Shopping for Your First Home a Fun Experience

Your First Home
Maybe you have plans to get married and need to secure your first home so you have a place to move into after your honeymoon. Other first time homebuyers have rental leases that are soon to expire. While finding the first piece of residential property that you are to own and live in

South Cove, First New For-Sale Residential Development in Dana Point to...

South Cove
International award-winning firm KTGY Architecture + Planning is pleased to announce the recent opening of the KTGY-designed residential models at South Cove in Dana Point, California. Built by San Diego-based real estate development company Zephyr, this is Dana Point’s first new for-sale residential development to open in decades. South Cove is a unique, barefoot community that exudes laid-back luxury in a highly-coveted coastal setting at the southern gateway of Dana Point.

Norton Reelected as Top Democrat on Highways and Transit Subcommittee

Congresswoman Eleanor Holmes Norton (D-DC) was elected by her fellow Democrats on the House Transportation and Infrastructure Committee to return as the Ranking Member of its Subcommittee on Highways and Transit.

Business Real Estate Press Releases

TriangleCenter

CBRE’s Philip D. Voorhees and NRP-West Team Complete Sale of Triangle...

CBRE Executive Vice President Philip D. Voorhees announced today that the National Retail Partners-West (NRP-West) completed the sale of Triangle Center in Longview, Washington, a community center, 98 percent leased to high performing, national and regional credit tenants including Winco Foods (not a part), Ross Dress for Less, Bed Bath & Beyond, Michaels, Petco, Rite Aid, Ace Hardware, Ulta Beauty, Big 5, Office Depot along with Five Guys, Great Clips, GameStop and others.

Recent Gov & Nonprofit Real Estate Press Releases

Ginnie Mae

Ginnie Mae’s Mortgage-Backed Securities Portfolio Tops $2 Trillion, Providing More Americans...

Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, the federal guarantor announced today. That’s up from $1 trillion just eight years ago