Monthly Archives: November 2010

Customizable IDX solution integrates Triangle listings online, to simplify and narrow property search

EUGENE, OR - November 30, 2010 - (RealEstateRama) -- Triangle MLS (TMLS) listings are now easier to search for than ever before, thanks to the unique partnership between real estate agent Robert Pearse and IDX, Inc. The IDX solution now employed on the website Pearse manages, automatically syncs TMLS listing data with his search page, to give home seekers a comprehensive and thorough online database of home listings. This revolutionary technology gives Pearse and his real estate website a leg-up over his competition, by making it the quickest and simplest place to search for properties online

STATE OF KANSAS REACHES WEATHERIZATION MILESTONE

TOPEKA, KS - November 30, 2010 - (RealEstateRama) -- Kansas has reached a major milestone under the American Recovery and Reinvestment Act of 2009 (ARRA) - completing weatherization work for more than 50 percent of the homes the state planned to weatherize. As of November 24th, weatherization providers completed more than 3,000 homes with Recovery Act funding.

Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator

MILFORD, CT - November 30, 2010 - (RealEstateRama) -- Hartford National Title, Inc., a leading provider of title insurance and real estate closing services, announced today the launch of OneSourceQuote, its new Good Faith Estimate (GFE) and HUD-1 title calculator. This free online application is the byproduct of many months’ worth of developmental efforts and testing by programmers, staff, and beta clients.

Freddie Mac Prices $1 Billion Reopening of 0.875% Three-Year Reference Notes® Security

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it auctioned a $1 billion reopening of its 0.875% three-year USD Reference Notes® security that matures on October 28, 2013. The stop yield for the issue, CUSIP 3137EACL1, was 0.869%, priced at 100.016468, or approximately 16.3 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 2.915 to 1.

Home Values Decline in Third Quarter

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced today the results of its third quarter Conventional Mortgage Home Price Index (CMHPI).

Freddie Mac to Issue a New Two-Year Reference Notes® Security and $1 Billion Reopening...

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACQ0, due on December 28, 2012. The issue will be priced on Wednesday, December 1, 2010, and will settle on Thursday, December 2, 2010, at benchmark size.

DISB Issues Bulletin Offering Guidance on Saving District Homes Against Foreclosure

Washington, DC - November 30, 2010 - (RealEstateRama) -- The DC Department of Insurance, Securities and Banking (DISB) recently issued a bulletin* to inform licensed residential mortgage lenders and mortgage borrowers of the enactment of a new emergency law requiring mortgage lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.

Charles Dunn Company Negotiates Downtown L.A. Lease Renewal for Associated Press

Torrance, CA - November 29, 2010 - (RealEstateRama) -- Chris Runyen of Charles Dunn Company, one of the largest full service regional real estate companies on the West Coast, represented the landlord, U.S. Bank, in a 10-year lease renewal of Associated Press’ offices at Figueroa Courtyard in Downtown Los Angeles. The largest West Coast bureau of AP, the 15,444-square-foot office is located at 221 S. Figueroa Street. The value of the transaction was approximately $5.5 million.

Lee & Associates San Diego County Negotiates $6.7 Million 10-Year Industrial Lease

Torrance, CA - November 29, 2010 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease of a 98,000-square-foot LEED Certified industrial building located at 2633 Progress St. in Vista, Calif., in San Diego County. The lease is valued at approximately $6.7 million.

Rising Commodity and Materials Prices Drive Turner Building Cost Index to Slightly Increase for...

New York, N.Y. - November 29, 2010 - (RealEstateRama) -- Turner Construction Company announced that the Fourth Quarter 2010 Turner Building Cost Index has slightly increased over the Third Quarter of 2010. The Turner Building Cost Index measures costs in the non-residential building construction market in the United States. The Turner Building Cost Index of 801 reflects a 0.38% increase over the Third Quarter 2010. However, overall construction costs have decreased by 0.25% when measured in comparison to the Fourth Quarter of 2009.

Commercial Real Estate Markets Stabilizing, See Slight Improvement in 2011

Washington, DC - November 29, 2010 - (RealEstateRama) -- Commercial real estate markets are flattening out, with modestly improving fundamentals expected in 2011, according to the National Association of Realtors

San Diego Firm Joins Sotheby’s International Realty Network

PARSIPPANY, N.J. - November 26, 2010 - (RealEstateRama) -- Sotheby’s International Realty Affiliates LLC today announced that Pacific Sotheby's International Realty in San Diego is the newest member of its luxury real estate network. The firm, owned by Brian Arrington, serves San Diego County

Kentwood Real Estate Acquires DenverHomes.com

DENVER, CO - November 26, 2010 - (RealEstateRama) -- Kentwood Real Estate, Colorado’s Premier Real Estate Company, has acquired the DenverHomes.com Internet domain name in a strategic move that will advance the company’s already leading website presence. The acquisition of DenverHomes.com for real estate searches online will further position Kentwood Real Estate as the best local Internet brand.

New Homes Can Be Energy-Efficient and Affordable, Reveals Study by Building Codes Assistance Project

Washington, D.C. - November 26, 2010 - (RealEstateRama) -- The average incremental cost of constructing a new home to meet the current energy efficiency building code – the 2009 International Energy Conservation Code (IECC) – comes to a mere $818.72, according to a recent study by the Building Codes Assistance Project (BCAP), a nonprofit advocacy organization that supports code adoption and implementation

Mayor Daley names Andrew Mooney as interim head of the new Department of Housing...

WASHINGTON, D.C. - November 26, 2010 - (RealEstateRama) -- Mayor Richard M. Daley today appointed Andrew J. Mooney as interim head of the City’s new Department of Housing and Economic Development, which will be formed through the consolidation of the City’s Department of Community Development and the Department of Zoning and Land Use Planning as of January 1, 2011.

Attorney General Janet T. Mills Announces Reprieve for Homeowners

November 25, 2010 - (RealEstateRama) -- Attorney General Mills announced progress in her negotiations with GMAC Mortgage LLC and Bank of America regarding their foreclosure practices in Maine. GMAC has agreed that it will temporarily halt sales on homes that have been foreclosed on, pending further talks to resolve the Attorney General’s concerns about the company’s foreclosure procedures

REALTORS® Give Thanks to American Troops and their Families this Holiday Season

Washington, DC - November 25, 2010 - (RealEstateRama) -- As the holiday season approaches, the National Association of REALTORS® is giving thanks to American troops. NAR will provide care packages and housing assistance to support soldiers and their families here in the U.S. and abroad. Two national charities will receive support from NAR – Operation American Soldier and USA Cares.

Rent Jungle: First Rental Housing Search Engine

Pittsburgh, PA - November 25, 2010 - (RealEstateRama) -- Rent Jungle (www.rentjungle.com) unveiled an industry-first web site, allowing apartment and rental-house hunters to search the contents of listings from thousands of other web sites – using spidering and indexing technologies similar to that of a search engine, but dedicated exclusively to the rental housing industry.

Bank of America Pledges Support to Prevent & End Homelessness

WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- With Thanksgiving approaching, and millions of homeless and poor Americans struggling with hunger and the cold, the National Law Center on Homelessness & Poverty today announced it has received a $75,000 from the Bank of America Charitable Foundation. This support comes at a critical time, as the Law Center works to help implement the first-ever Federal Plan to End Homelessness.

Boustany Applauds FEMA’s Efforts to Assist Hurricane Rita Survivors with Long-Term Housing

Washington, D.C. - November 24, 2010 - (RealEstateRama) -- U.S. Representative Charles W. Boustany, Jr., (R-Southwest Louisiana), today commended the Federal Emergency Management Agency for their efforts to assist Hurricane Rita survivors’ transition into long-term housing. FEMA announced today they are initiating a plan to help relocate the remaining residents still in temporary housing from the 2005 storms through federal, state, local and voluntary agency efforts

FEMA Extends Temporary Disaster Housing Program

PHILADELPHIA, PA - November 24, 2010 - (RealEstateRama) -- The Federal Emergency Management Agency (FEMA) announced today the approval of a request from the state of West Virginia to extend FEMA’s temporary disaster housing program from November 1...

Mortgage Rates Stable This Week

McLean, VA - November 24, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage (FRM) and the 15-year (FRM) edged up slightly this week. The 5-year ARM also rose, while the 1-year ARM fell a bit from the previous week.

U.S. RETAIL AVAILABILITY EXPECTED TO DROP TO 12.7% BY YEAR-END 2011

Boston, MA - November 24, 2010 - (RealEstateRama) --The U.S. retail real estate sector’s availability1 rate is expected to drop to 12.7% by the end of 2011, according to new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the ongoing pick-up in retail sales combined with limited supply will slowly decrease the national availability rate for neighborhood and community centers

Fannie Mae’s Most Recent National Housing Survey Indicates Americans Uncertain Housing Market has Bottomed

WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- Fannie Mae's (FNMA/OTC) most recent nationwide housing survey finds that Americans are less certain that the housing market has bottomed, and continue to be wary of buying a home. The Third Quarter 2010 Fannie Mae National Housing Survey polled homeowners and renters between July 2010 and September 2010. Findings were compared to similar surveys conducted in June 2010, January 2010, and December 2003.

Mortgage Purchase Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 19, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.1 percent compared with the previous week.

United Properties’ Ford Center signs lease with HGA and begins renovations

MINNEAPOLIS, MI - November 24, 2010 - (RealEstateRama) -- United Properties announces that the Ford Center* has signed a lease with HGA Architects and Engineers for 80,000 sq. ft. in its historic office building in the Minneapolis Warehouse District. To ready the Ford Center for 2011 renovations, United Properties also recently received historic renovation design approval from the National Park Service and the Minneapolis Heritage Preservation Commission, and approval for a building addition from the City of Minneapolis Planning Commission.

CONSTRUCTION EMPLOYMENT EXPANDS IN 29 STATES BETWEEN SEPTEMBER AND OCTOBER AS INDUSTRY’S EMPLOYMENT SITUATION...

WASHINGTON, D.C. - November 24, 2010 - (RealEstateRama) -- Construction employment expanded in 29 states between September and October, while fewer people are working in construction compared to last year in 39 states, the Associated General Contractors of America reported in an analysis of state employment data released today by the Labor Department. The new figures continue a nearly year-long trend of ups and downs in construction employment as the industry performs stimulus-funded work yet grapples with broad market uncertaint

Results Declared in Board Elections at FHLBank Pittsburgh

PITTSBURGH, PA November 23, 2010 – The Board of Directors of the Federal Home Loan Bank (FHLBank) of Pittsburgh today declared the results of the recent election to fill seats vacated by Directors whose terms expire on December 31, 2010. The election includes two member director positions for Delaware, one member director position each for Pennsylvania and West Virginia, and two non-member independent director positions

J.D. Power and Associates Ranks Quicken Loans Inc. the Highest In Customer Satisfaction Among...

Detroit, MI - November 23, 2010 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online lender and a top-five retail mortgage lender, announced it ranked highest in “customer satisfaction” among all home loan lenders in the United States in a benchmark study of the mortgage industry by J.D. Power and Associates, the global marketing information services company.

MBA Names Patrick “P.J.” Harrigan as Chair of Mortgage Action Alliance Steering Committee

Washington, D.C. (November 18, 2010) – Patrick “P.J.” Harrigan of Franklin American Mortgage Co. has been named the chairman of the Mortgage Action Alliance Steering Committee, the grassroots advocacy affiliate of the Mortgage Bankers Association (MBA)

Popular Government & Nonprofit Press Releases

MBA

September New Home Purchase Mortgage Applications Decreased 7.5 Percent Year over...

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent compared to September 2016. Compared to August 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.

Recent Government & Nonprofit Press Releases

ABC National

ABC CEO Mike Bellaman Appointed to Task Force on Apprenticeship Expansion...

Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), has been appointed by U.S. Department of Labor Secretary R. Alexander Acosta  to the Task Force on Apprenticeship Expansion, created by President Trump’s June 15 Executive Order 13801.