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Monthly Archives: February 2011

REALTORS®HONOR AFFILIATES OF THE YEAR

February 24, 2011 - (RealEstateRama) -- Kim Armanini of Apollo Home Mortgage and Carole Morgan of StageRight Home Staging were named Affiliate of the Year. The Association cites their outstanding contribution to their industry by participating in local Association and community activities

FBI Chicago Building Receives “The Outstanding Building of the Year Award” from BOMA Chicago

February 24, 2011 - (RealEstateRama) -- USAA Real Estate Company is pleased to announce that the Federal Bureau of Investigation Regional Facility located in Chicago, Illinois recently has been awarded The Outstanding Building of the Year Award (TOBY) in the highly competitive Chicago market.

Begich, Klobuchar, Bipartisan Group of Senators Introduce Bill to Fight Homelessness Among America’s Veterans

Washington, D.C. - February 24, 2011 - (RealEstateRama) -- U.S. Senators Amy Klobuchar (D-MN), Scott Brown (R-MA), Mark Begich (D-AK), James Inhofe (R-OK), Bill Nelson (D-FL), Robert Casey (D-PA), and John Cornyn (R-TX) have introduced bipartisan leg...

30-Year Fixed-Rate Mortgage Eases Just Below 5 Percent

McLean, VA - February 24, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows a drop in long-term fixed rates this week.

SEC Charges Former Treasurer of Major Mortgage Lender for Role in Securities Fraud and...

Washington, D.C. - February 24, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged the former treasurer of the one-time largest non-depository mortgage lender in the country with aiding and abetting a $1.5 billion securities fraud scheme and an attempt to scam the U.S. Treasury's Troubled Asset Relief Program (TARP)

New-Home Sales Decline 12.6 Percent in January

WASHINGTON, D.C. - February 24, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 12.6 percent to a seasonally adjusted, annual rate of 284,000 units in January, according to newly released figures from the U.S. Commerce Department. The decline largely offsets a big gain in sales activity that was recorded in the previous month due partly to an expiring tax break in California."While poor weather conditions likely played a part in keeping potential buyers on the sidelines this January, we do expect consumer demand to improve somewhat along with job-market gains heading into the spring buying season," noted Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev.

Oahu Realtor Tehane Wurdeman integrates IDX Broker software onto dynamic Hawaii real estate website

EUGENE, OR - February 24, 2011 - (RealEstateRama) -- Tehane Wurdeman, real estate professional with Century 21 All Islands, has teamed with IDX, Inc. to create an easy-to-use real estate search page for all potential Oahu, Hawaii buyers. The versatile tools and search features Wurdeman now displays on her website make the online property search monumentally easier for home seekers and real estate professionals alike. Hawaii Central MLS (HiCentralMLS) are synced to her search page, giving her website a competitive advantage in the market.

ANNUAL STUDY REPORTS A DECREASE IN HOUSING AFFORDABILITY FOR AMERICA’S WORKING HOUSEHOLDS

Washington, DC - February 24, 2011 - (RealEstateRama) --Although home values have continued to fall over the past few years, housing affordability has significantly decreased for working owners and renters, according to an annual report released by the Center for Housing Policy, the research affiliate of the National Housing Conference. The report, titled Housing Landscape 2011, provides an in-depth look at housing affordability trends for working households between 2008 and 2009 focusing on the effects of employment, income and housing costs

Federal Reserve issues final rule and seeks comment on proposed revisions to escrow...

WASHINGTON, D.C. - February 24, 2011 - (RealEstateRama) -- The Federal Reserve Board on Wednesday issued a final rule and requested public comment on a second rule under Regulation Z to revise the escrow account requirements for certain home mortgage loans. The revisions to the regulation, which implements the Truth in Lending Act (TILA), are being made pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.

House Price Index Falls 0.8 Percent in Fourth Quarter 2010; House Prices Decline in...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- U.S. house prices fell in the fourth quarter of 2010 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI). The HPI, calculated using home sales price information from Fannie Mae- and Freddie Mac-acquired mortgages, was 0.8 percent lower on a seasonally adjusted basis in the fourth quarter than in the third quarter of 2010. The unadjusted national decline was 2.2 percent. Over the past year, seasonally adjusted prices fell 3.9 percent from the fourth quarter of 2009 to the fourth quarter of 2010

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - February 24, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.71 percent based on loans closed in January. This is an increase of 0.13 percent from the previous month.

Freddie Mac Will Not Issue a Reference Notes® Security on February 24, 2011

McLean, VA - February 24, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on February 24, 2011. The company’s 2011 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.

District Man Indicted in Mortgage Fraud Scheme, Accused of Obtaining $2.4 Million Through the...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- Akinola George, 40, of Washington, D.C., has been indicted by a federal grand jury on charges of bank fraud, mail fraud, and conspiracy to commit bank/mail fraud in a scheme that led to $2.4 million in losses.

Charles Dunn Company Closes $9.7 Million Retail Sale

Torrance, CA - February 23, 2011 - (RealEstateRama) -- Michel Hibbert, senior managing director of Charles Dunn Company’s West Los Angeles office, has closed on the sale of a 14,820-squarefoot Walgreens at 123 E. Belleview Ave., in Englewood, Colo. T...

Homeside Properties, Inc. Announces Client Expansion

Alpharetta, GA - February 23, 2011 - (RealEstateRama) -- Homeside Properties, Inc., an Associa company, recently expanded its already diverse company profile by adding six new community associations to its client portfolio.

Individual State Reports for Commercial Real Estate Development and Construction’s Significant Impact on the...

Washington, D.C. - February 23, 2011 - (RealEstateRama) -- The NAIOP Research Foundation has made individual state reports available that detail the state's data for commercial construction spending, employment and personal earnings in a 2009 vs. 2007 comparison.

Karen O. Gould Joins Turner as Senior Vice President and Chief Financial Officer

February 23, 2011 - (RealEstateRama) -- Turner Construction Company announced Karen Gould, 46, has joined the company as Senior Vice President and Chief Financial Officer. As the leader of Turner’s finance organization; Karen is responsible for building upon the finance teams’ strengths and keeping them consistent with the company’s focus and commitment towards people and customer service. In addition, Karen is responsible for maintaining the company’s strong balance sheet and providing strategic evaluations of growth opportunities and creating value for stakeholders

Mortgage Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - February 23, 2011 - (RealEstateRama) -- Mortgage applications increased 13.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 18, 2011

Tenant Advocates Petition Federal Housing Administration to Stop Misleading Residents About Their Rights Under...

WASHINGTON, D.C. - February 23, 2011 - (RealEstateRama) -- The National Housing Law Project, the National Low Income Housing Coalition, the National Law Center on Homelessness and Poverty and the Housing Justice Network have petitioned the Federal Housing Administration (FHA) to stop forcing lenders to give misleading and deceptive information to tenants in foreclosed homes – information that leads tenants to forego rights guaranteed to them by the federal Protecting Tenants at Foreclosure Act (PTFA)

Existing-Home Sales Rise Again in January

Washington, DC - February 23, 2011 - (RealEstateRama) -- The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases