Archives

WILMINGTON, DE - June 8, 2011 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), a national mortgage lender based in River Edge, N.J., is pleased to announce the opening of its latest branch in Wilmington, DE. As REMN’s first branch in ...

WASHINGTON, D.C. - June 7, 2011 - (RealEstateRama) -- Statement of David H. Stevens, President and CEO of the Mortgage Bankers Association on the announced extension of the comment deadline for the federal financial regulators' proposed rule implementing the Dodd-Frank Act's risk retention rule.

Washington, D.C. - June 6, 2011 - (RealEstateRama) -- Almost two-thirds of architects surveyed by the American Institute of Architects (AIA) last month report that they have at least one project that is stalled due to lack of financing, despite record low interest rates.

WASHINGTON, DC - June 3, 2011 - (RealEstateRama) -- Agriculture Secretary Tom Vilsack today kicked off National Homeownership Month and highlighted the important role housing plays in creating jobs, maintaining viable rural communities and contributing to the economy. Since the start of the current fiscal year, which began last October 1, USDA Rural Development has financed approximately 80,000 home loans for rural residents.

West Hartford, CT - June 2, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with the National Association of Small Business Owners, or NASBO, is announcing a new entrepreneur workshop for Connecticut business owners. This event will take place on Monday June 13, 2011 from 6:30 pm to 9:00 pm at the Sheraton Four Points, 275 Research Parkway in Meriden, CT. Online registration in advance is $24 and admission at the door is $49.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- Financial and nonprofit veteran Kenny Emson has been named Senior Vice President of Finance and Administration for the National Multi Housing Council (NMHC). As a member of the Council’s senior leadership team, Emson will oversee the organization’s financial and administrative operations and will participate in the strategic planning process.

WASHINGTON, DC - May 31, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced Green Refinance Plus, a program between HUD’s Federal Housing Administration (FHA) and Fannie Mae to allow owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations.

WASHINGTON, DC - May 26, 2011 - (RealEstateRama) -- A government-supported secondary market is absolutely critical to the apartment industry if it is to continue meeting the nation’s demand for affordable and workforce housing, according to testimony given today by Mark J. Parrell, Executive Vice President and Chief Financial Officer of Equity Residential.Parrell testified today on behalf of the National Multi Housing Council (NMHC) and the National Apartment Association (NAA) before the Senate Banking Committee’s hearing on housing finance reform.

Washington, DC - May 25, 2011 - (RealEstateRama) -- The Federal Housing Administration plays a critical role in the nation’s housing financing system, providing safe, affordable mortgage financing to consumers in all markets during all economic conditions, the National Association of Realtors® said in testimony today

Washington, DC - May 25, 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 4.80 percent based on loans closed in April. This is a decrease of 0.04 percent from the previous month.

WASHINGTON, D.C - May 24, 2011 - (RealEstateRama) -- “Today’s report shows that the banking industry continues to gain strength. For a year now, asset quality has steadily improved, loan losses have declined, and capital is at record highs. This forward momentum helps solidify the base for making new loans to bolster growth in the expanding economy. “Banks added nearly $25 billion in equity capital during the first quarter and total industry capital is now more than $1.5 trillion. Banks also have set aside more than $218 billion in reserves to cover possible loan losses. Capital plus reserves gives a total buffer protecting the industry of more than $1.7 trillion. This demonstrates strong industry-wide improvement and a continued build-up of underlying strength. In addition, the industry capital-to-assets ratio – a key measure of financial strength – continues to remain very strong and ended the quarter at an all-time high.

WASHINGTON, DC - May 24, 2011 - (RealEstateRama) -- ABA Housing Partners Foundation announced today its partnership with Texas Bankers Association to build a Habitat for Humanity home in San Antonio, Texas. The two groups will work together to raise donations from bankers across the country to fund the foundation’s first build in the Southwest at the American Bankers Association’s Annual Convention in October 2011

West Hartford, CT - May 23, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Dave Lindahl, is announcing a free wealth building conference for real estate investors on June 4 and 5, 2011. This event will take place from 8:00 am to 5:00 pm at the Comfort Inn, 900 East Main Street in Meriden CT. This is a free event. VIP seating and bonus sessions are also available for a nominal fee. Seating is very limited and interested parties are urged to register well in advance

WASHINGTON, D.C. - May 16, 2011 - (RealEstateRama) -- WHAT: Mortgage Bankers Association (MBA) 1st Quarter 2011 National Delinquency Survey (NDS) Media Conference Call.Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.

WASHINGTON, DC - May 16, 2011 - (RealEstateRama) -- Community Bank Mortgage LLC, a subsidiary of the American Bankers Association, has renewed its agreement with SunTrust Mortgage Inc. as one of four preferred secondary market investors. With this partnership, Community Bank Mortgage LLC owner banks can sell loans on a servicing-released basis to SunTrust Mortgage and access their full line of products, including jumbo loans

New York, NY - May 16, 2011 - (RealEstateRama) -- The Citi Foundation and NeighborWorks America today announced the launch of a collaboration to expand and strengthen financial capability programs for thousands of low- and moderate-income Americans. These programs help consumers establish positive behaviors to achieve immediate and long-term financial goals through financial education and access to appropriate financial products. As many as 65,000 people may benefit from the new $5 million, two-year demonstration project.

West Hartford, CT - May 16, 2011 - (RealEstateRama) CT REIA Business Entrepreneur Workshop June 13, 2011 - 6:30 to 9:00 PM Sheraton Four Points. 275 Research Parkway. Meriden, CT Admission for the general public is $49. Special price for CT REIA - Only $24

WASHINGTON, D.C. - May 12, 2011 - (RealEstateRama) -- Chairman Johnson, Ranking Member Shelby, and Members of the Committee, I appreciate the opportunity to provide an update on the Treasury Department’s implementation of the Dodd-Frank Act.

Washington, DC - May 11, 2011 - (RealEstateRama) -- Reforms to America’s housing finance market must ensure a reliable source of affordable mortgage lending for creditworthy consumers. That’s according to Realtors® and other industry insiders who examined the federal government’s future role in the secondary mortgage market at the “Fannie Mae & Freddie Mac: Obama Options and Beyond” session during the National Association of Realtors® 2011 Midyear Legislative Meetings & Trade Expo, here through May 14.

West Hartford, CT - May 9, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, in association with Dave Lindahl, is announcing the May 2011 CT REIA monthly meeting for real estate investors. This event will take place on Monday May 23, 2011, from 5:30 pm to 9:00 pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. This event is free for CT REIA members and $30 for not-yet-members.