RealEstateRama

Washington, DC - May 30, 2013 - (RealEstateRama) -- Financial Services Committee Chairman Jeb Hensarling (R-TX) expressed his strong opposition to President Obama’s decision to extend the Home Affordable Modification Program (HAMP), a failed and costly program that has been shown to actually hurt struggling homeowners

SAN DIEGO - May 30, 2013 - (RealEstateRama) -- Home sales increased last month compared to March, according to DataQuick’s April Property Intelligence Report (PIR), yet domestic issues and uncertainty factors continue to stop sales from reaching their full market potential

WASHINGTON, D.C. - May 30, 2013 - (RealEstateRama) -- Virtually every purchase a customer makes with the card counts toward rebates credited to the principal on their Wells Fargo Home Mortgage loan. These rebates are applied automatically in $25 increments until the mortgage loan is paid off. The rebate can help customers potentially reduce their long-term mortgage interest by thousands of dollars and lower the number of their remaining payments on fixed rate loans. For example, a cardholder with a $150,000 mortgage who spends $1,500 a month on the Home Rebate Card could shorten their payment schedule by more than one year.

WASHINGTON, D.C. - May 30, 2013 - (RealEstateRama) -- The final rules issued today by the Consumer Financial Protection Bureau strike the right balance: they safeguard consumers from abusive practices while helping lenders comply with new mortgage lending standards. The rules address two key issues related to the Dodd-Frank Act’s mandate that lenders assess a borrower’s ability to repay, particularly the standards a loan must meet to qualify as a “Qualified Mortgage.” First, they properly prohibit mortgages with higher fees from gaining Qualified Mortgage (QM) status. Second, they tailor the QM standards for small lenders who hold mortgages in portfolio and for other community-based lenders

LOS ANGELES, CA - May 30, 2013 - (RealEstateRama) -- Meta Housing Corporation has completed a $43.8 million transit-oriented mixed use development in Hollywood, Calif. The development includes 5,500 square feet of ground floor retail space, and is made up of 120 one-and two- bedroom apartments which will provide new, affordable housing to seniors aged 55+.

WASHINGTON, D.C. - May 30, 2013 - (RealEstateRama Themed“A Celebration of Collaboration. Innovation. Transformation,” the Housing Association of Nonprofit Developer’s (HAND) 22< Annual Meeting & Expo will host more than 1,000 affordable housing experts and over 75 exhibitors from Washington, D.C., Maryland and Virginia. This SOLD OUT event is a recognized platform for federal and local housing finance agencies, banking, government, public policy and community development professionals to open the dialogue on the latest issues and hot topics needed to increase the affordable housing supply in the metropolitan region.

Fairmont, W.Va. - May 29, 2013 - (RealEstateRama) -- U.S. Sen. Joe Manchin (D-W.Va.) joined the Federal Home Loan Bank of Pittsburgh (FHLBank) and United Bank today to announce a grant of $132,214 that will allow the Fairmont-Morgantown Housing Authority (FMHA) to continue a nearly decade-long initiative to repair and upgrade lower-income homes.

CHICAGO, IL - May 29, 2013 - (RealEstateRama) -- Leading Real Estate Companies of the World® has promoted two key executives. Chris Dietz, who directs the network’s international operations from the company’s London office, is now a vice president. Under his leadership, the network continues to expand its global footprint, which now extends to more than 40 countries.

CHICAGO, IL - May 29, 2013 - (RealEstateRama) -- Technological development in the real estate valuation profession remains too focused on appraisal report forms and not attentive enough to market analysis, said appraisers, their residential clients, mortgage finance industry leaders, bank regulators and other participants May 24 at the Appraisal Institute Stakeholders Forum in Washington, D.C.

PLEASANTON, CA - May 29, 2013 - (RealEstateRama) -- Ellie Mae® (NYSE: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that Veterans United, Columbia, Mo., has selected Encompass360® as its mortgage management solution

Reston, Virginia - May 29, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that a three-judge panel of the United States Court of Appeals for the Fifth Circuit ruled in favor of BAC Home Loans Servicing, LP. (BAC) and Fannie Mae, affirming a lower court’s decision dismissing claims of wrongful foreclosure. The Fifth Circuit Court is a federal court with appellate jurisdiction over the district courts of Louisiana, Mississippi and Texas

Anaheim, CA - May 29, 2013 - (RealEstateRama) -- Organizers of the No Place Like Home Conference, presented by the Building Industry Association of Southern California, Orange County Chapter and the Urban Land Institute, Orange County/Inland Empire, in conjunction with Union Bank; the University of Southern California Sol Price School of Public Policy; and C. Larry Hoag Center for Real Estate and Finance, The George L. Argyros School of Business and Economics at Chapman University, have announced the conference to be held Monday,

WASHINGTON, D.C. - May 28, 2013 - (RealEstateRama) -- The reality of an expedited schedule, lower costs and greater sustainability has made offsite construction a valued building solution for decades. As curiosity about this process grows to an all-time high as developers turn to the method with growing enthusiasm, the Modular Building Institute will host a two-day

WASHINGTON, D.C. - May 27, 2013 - (RealEstateRama) -- As volunteers and charities like the Red Cross continue the daunting task of cleanup in Oklahoma after a chart topping tornado ripped through the state on May 21, Governor Mary Fallin has declared a state of emergency and executed a 1999 law designed to protect consumers from price gouging.

WASHINGTON, D.C. - May 27, 2013 - (RealEstateRama) -- In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the May 24, 2013, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property. The list includes buildings and properties in New York

WASHINGTON, D.C. - May 24, 2013 - (RealEstateRama) -- More than 2.5 million people have cashed or deposited nearly $2.3 billion in checks related to the Independent Foreclosure Review Payment Agreement through May 23, 2013

Los Angeles, CA - May 24, 2013 - (RealEstateRama) -- Industrial real estate is hot, and NAIOP is bringing the industry’s top leaders and decision-makers together to discuss trends, debate ideas and share knowledge at commercial real estate’s only national conference for industrial – I.con: The Industrial Conference.

WASHINGTON, D.C. - May 24, 2013 - (RealEstateRama) -- Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced that DANIEL MONTEIRO, 34, of Wolcott, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Donna F. Martinez in Hartford to one count of conspiracy to commit bank fraud, wire fraud, and money laundering stemming from a mortgage fraud scheme.

WASHINGTON, D.C. - May 24, 2013 - (RealEstateRama) -- New Buildings Institute (NBI) today announced that Ralph DiNola has been named the organization's new executive director. The nonprofit NBI acts as a technical resource working to improve energy performance in commercial buildings, including promoting advanced design practices and technologies as well as development of public policies and program strategies that reduce energy use

WASHINGTON, D.C. - May 23, 2013 - (RealEstateRama) -- Themed “A Celebration of Collaboration. Innovation. Transformation,” the Housing Association of Nonprofit Developer’s (HAND) 22nd Annual Meeting & Expo will host more than 1,000 affordable housing experts and over 75 exhibitors from Washington, D.C., Maryland and Virginia. This SOLD OUT event is a recognized platform for federal and local housing finance agencies, banking, government, public policy and community development professionals to open the dialogue on the latest issues and hot topics needed to increase the affordable housing supply in the metropolitan region