Monthly Archives: March 2011

Enterprise Community Partners Launches Enterprise Community Impact Note to Provide Easy Way to Invest...

WASHINGTON, DC - March 31, 2011 - (RealEstateRama) -- Enterprise Community Partners, Inc. (Enterprise) today launched the Enterprise Community Impact Note to provide an easy way for individuals and organizations to invest in green affordable housing. The innovative financial product raises money from investors to build or preserve affordable housing and community enhancing projects, while providing financial returns that rival those of traditional CDs.

MBA Releases 4th Quarter 2010 Commercial Real Estate/Multifamily Finance Quarterly Data Book

WASHINGTON, D.C. - March 31, 2011 - (RealEstateRama) -- Member of the Media: The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the fourth quarter of 2010. The Data Book compiles the most up-to-date information on topics of interest to commercial/multifamily real estate finance industry participants and observers.

MBA Hires Thomas Kim to be Vice President of Commercial Regulatory Policy

WASHINGTON, D.C. - March 31, 2011 - (RealEstateRama) -- John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), today announced the appointment of Thomas T. Kim as Vice President of Commercial Regulatory Policy.

Announcing Fair Housing training session in Pikeville, Kentucky

Pikeville, KY - March 31, 2011 - (RealEstateRama) -- The Kentucky Commission on Human Rights and the Lexington Fair Housing Council are sponsoring training on the Kentucky Fair Housing Act on April 6. The training will take place at the Pikeville Public Library, 119 College Street, Room 125, from 2:00 to 4 p.m. CST. Real estate licensees, landlords, social service providers and government employees are strongly encouraged to attend. The training is also open to the public.

12th Annual Statewide Summit on Homelessness and Housing “Making it Crystal Clear: Homelessness in...

March 31, 2011 - (RealEstateRama) -- Kansas Statewide Homeless Coalition is convening its 12th Annual Statewide Summit on Homelessness and Housing April 12-13, 2011 in Hutchinson, Kansas at the Ramada Conference Center, starting at 4:30 pm on the 12th through 5 pm on the 13th. The theme is “Making it Crystal Clear: Homelessness in Kansas”

Office of Finance Publishes the FHLBanks 2010 Combined Financial Report

March 31, 2011 - (RealEstateRama) -- The Office of Finance is announcing the publication of the 2010 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the audited financial information of the 12 FHLBanks. Each of the 12 FHLBanks has filed its 2010 Form 10-K with the SEC. Current financial reports and other SEC filings for individual FHLBanks can be obtained by searching the EDGAR database.

Delaware Energy Office co-sponsors residential and commercial energy code training on April 19-20

DOVER, DE - March 31, 2011 - (RealEstateRama) -- The Delaware Energy Office and the Kent County Levy Court, Department of Planning Services, Division of Inspection and Enforcement, in conjunction with co-sponsor Northeast Energy Efficiency Partnerships...

County offers fair housing training

L?HU„E, HI - March 31, 2011 - (RealEstateRama) -- In recognition of April being Fair Housing Month, the Housing Agency is offering a free training session for housing providers on Friday, April 15.

AGENCIES SEEK COMMENT ON RISK RETENTION PROPOSAL

WASHINGTON, DC - March 31, 2011 - (RealEstateRama) -- Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors to transfer or hedge that credit risk. In crafting the proposed rule, the agencies sought to ensure that the amount of credit risk retained is meaningful, while reducing the potential for the rule to negatively affect the availability and cost of credit to consumers and businesses

Home Builders: Effective Housing Finance System Critical to a Sound Economy

WASHINGTON, D.C. - March 31, 2011 - (RealEstateRama) -- As Congress and the Administration debate potential reforms of the housing finance companies Fannie Mae and Freddie Mac, the National Association of Home Builders (NAHB) today called on Congress to develop a workable housing finance system before it moves forward with policies that would further destabilize the struggling housing market."A finance system that provides liquidity for the housing sector in all geographic markets throughout the economic cycle is a prerequisite to achieving housing policy objectives," NAHB Chairman Bob Nielsen, a home builder from Reno, Nev., told members of the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises.

American Institute of Architects Reiterates Top Five Proposals for Increasing Energy Efficiency

Washington, D.C. - March 31, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) today reacted to President Obama’s proposals for increasing the nation’s energy security by reiterating its top five energy conservation legislative priorities.

Attorney General Sues Columbus Mortgage Company for Telemarketing and Direct Marketing Violations

MADISON, WI - March 30, 2011 - (RealEstateRama) -- Attorney General J.B. Van Hollen today filed a lawsuit against First American Funding Company, LLC of N4365 State Highway 73, Columbus, WI for violations of the state's No-Call and Direct Marketing laws. Michael S. Eisenga is listed in the complaint as the mortgage company's owner and operator

MARCH ISSUE OF CITYSCAPE SHEDS NEW LIGHT ON HOMELESSNESS

WASHINGTON, DC - March 30, 2011 - (RealEstateRama) -- How will the United States work to solve homelessness? The latest issue of Cityscape, a quarterly magazine published by the U.S. Department of Housing and Urban Development, examines homelessness and the organizations that are working to assist America’s homeless population

SBA Opens Temporary Refinancing Program to Real Estate Mortgages Maturing after December 2012

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Small business owners with eligible commercial real estate mortgages maturing after Dec. 31, 2012, will be able to secure more stable, long-term financing through the U.S. Small Business Administration’s temporary 504 refinancing program as a result of a change that will be published in The Federal Register by April 6.

Weekly Application Survey

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Mortgage applications decreased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 25, 2011.

CUSHMAN & WAKEFIELD INKS TRADE OF LONG ISLAND RETAIL PROPERTY

HUNTINGTON STATION, N.Y. - March 30, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc., has orchestrated the trade of Turnpike Plaza shopping center in Huntington Station. Kimco Realty Corporation purchased the 53,000-square-foot, grocery-anchored asset from Centro Properties Group for $7.9 million.

MBA Reacts to Risk Retention Proposal

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- John A. Courson, President and CEO of the Mortgage Bankers Association (MBA), issued the below statement following today's release of the risk retention proposed rule.

Low Prices, Attractive Mortgage Rates Helped Spur 2010 Vacation Home Purchases, According to New...

AUSTIN, TX - March 30, 2011 - (RealEstateRama) -- While the overall residential real estate market is still down, sales of vacation homes fared better than sales of primary residences and investment properties in 2010. In fact, some consumers found low real estate prices, attractive mortgage rates and the potential for price appreciation compelling enough reasons to buy more than half a million vacation homes last year, according to proprietary research commissioned by HomeAway, Inc. as part of the National Association of Realtor’s (NAR) 2011 Investment and Vacation Home Buyers Survey.

Hensarling: The Best Foreclosure Prevention Program is a Paycheck, Not a Government Check

WASHINGTON, DC - March 30, 2011 - (RealEstateRama) -- House Republican Conference Chairman Jeb Hensarling (R-Texas) issued the following statement today after the U.S. House of Representatives passed H.R. 839 to eliminate the failed Home Affordable Modification Program (HAMP), which is funded by $30 billion in Troubled Asset Relief Program (TARP) money.

Senator Snowe Welcomes Maine Housing Authorities to Washington

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Senator Olympia J. Snowe (R-Maine) today welcomed members of Maine’s Housing Authorities to Washington to discuss their concerns and priorities regarding affordable housing opportunities through...

FinCEN Releases Commercial Real Estate Fraud Analysis and Advisory

VIENNA, VA - March 30, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released its analysis of suspicious activity reports (SARs) that call attention to possible fraud in the commercial real estate financing arena. The analysis, Commercial Real Estate Financing Fraud Suspicious Activity Reports by Depository Institutions, found that reported incidences of suspicious activity in commercial real estate financing as reported by depository institutions filing SARs almost tripled between 2007 and 2010, the period which FinCEN examined.

Successful Partnership Prevent Red Tags for Elderly and Disabled Homeowners

Sioux City, IA - March 30, 2011 - (RealEstateRama) -- The City of Sioux City, Neighborhood Services Division has partnered with Inspection Services Division to develop a new program. “We have formed a unique partnership to help low-income elderly, and disabled homeowners with critical emergency repairs that have reduced life, health and safety hazards and improved homeowners’ quality of life” says Darlynn McMullen.

Vacation- and Investment-Home Shares Hold Even in 2010

Washington, DC - March 30, 2011 - (RealEstateRama) -- The market share of vacation- and investment-home sales1 held steady in 2010, although the sales volume declined with the overall market, according to the National Association of Realtors®.

Realtors® Oppose High Down Payment Requirement for Qualified Residential Mortgage Exemption

Washington, DC - March 30, 2011 - (RealEstateRama) -- High down payment requirements being proposed by federal regulatory agencies as part of the upcoming rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act will unnecessarily burden homebuyers and significantly impede the economic and housing recovery, according to the National Association of Realtors®

Twenty Percent Downpayment Rule Would Disrupt First-time Home Buyer Market

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- A plan unveiled today by the Federal Deposit Insurance Corp. that would require a minimum 20 percent down payment for "qualified residential mortgages" would disrupt the housing market and jeopardize the economic recovery, according to the National Association of Home Builders (NAHB).

Colorado Springs online real estate search simplified with custom IDX solution of Angela Byrne

EUGENE, OR - March 30, 2011 - (RealEstateRama) -- Colorado Springs, Colorado real estate professional Angela Byrne has revolutionized her website with the dynamic IDX Broker software. She now hosts thousands of property listings directly on her website...

Statement from NAHB on Proposals to Eliminate the Role of the GSEs in the...

WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., today issued the following statement on legislative proposals by Congressional leaders to effectively eliminate the role of the GSEs in the U.S. mortgage market:“The National Association of Home Builders strongly supports efforts to modernize the nation’s housing finance system, including reforms to the government sponsored enterprises Fannie Mae and Freddie Mac. We can’t go back to the system that existed before the Great Recession, but it is critical that any reforms be well-conceived, orderly and phased in over time.

Westwood Financial Corp. Opens Atlanta Office

Torrance, CA - March 30, 2011 - (RealEstateRama) -- Westwood Financial Corp., one of the largest owner-operators of shopping centers in the U.S., announces the opening of a new management office in Atlanta. The move will help Westwood Financial reach its goal of doubling its Georgia retail portfolio over the next five years as the company continues to expand its portfolio through the Southeastern U.S.

Pocatello area REALTORS® and Lenders to be Honored at STAR Luncheon

POCATELLO, ID - March 29, 2011 - (RealEstateRama) -- Seventy-five Pocatello area REALTORS® are preparing to shine at a luncheon being held in their honor on Thursday, March 31st. The Saluting Top Area REALTORS® (“STAR”) Awards will be given out during the IdaMortgage Appreciation Luncheon. Hosted by Idaho Housing and Finance Association (IHFA), the event starts at noon at the Juniper Hills Country Club in Pocatello.

Shelby: Congress Needs to Do Its Homework on Housing Reform

March 29, 2011 - (RealEstateRama) -- U.S. Senator Richard Shelby, ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, today made the following statement at a Committee hearing on the consideration of proposals to reform the housing finance system

Popular Government & Nonprofit Press Releases

DHS And Partners Convene First Election Infrastructure Coordinating Council

The Department of Homeland Security (DHS) joined the Election Assistance Commission (EAC), the National Association of Secretaries of State (NASS), and state and local election officials from around the country today to convene the first Government Coordinating Council (GCC) for the Election Infrastructure Subsector. Today’s meeting is part of the department’s ongoing work with state and local officials as we build trusted relationships to help keep the nation’s election systems secure.

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.