Fannie Mae Maintains a Steady Pace of Multifamily Issuance in the Second Quarter

WASHINGTON, D.C. – July 15, 2013 – (RealEstateRama) — Fannie Mae (FNMA/OTC) announced today that the company issued approximately $7.6 billion1 of multifamily MBS in the second quarter of 2013, backed by new multifamily loans delivered by its lenders. Fannie Mae also resecuritized $3.0 billion of DUS® MBS through its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMSTM) program in the second quarter.

Governor Cuomo Deploying DFS Mobile Command Center to Herkimer County to Help Victims of Mohawk Flooding

Albany, NY – July 9, 2013 – (RealEstateRama) — Governor Andrew M. Cuomo is today deploying the Department of Financial Services’ (DFS) Mobile Command Center to Herkimer County to help homeowners and businesses affected by recent heavy rains and devastating flood damage in the Mohawk Valley region. Governor Cuomo also outlined resources and advice for victims who are dealing with their insurance company to help them get the relief to which they are entitled as quickly as possible, including the availability of a DFS Disaster Hotline at 1-800-339-1759.

FHLBank Pittsburgh Joins the Pennsylvania Association of Mutual Insurance Companies

PITTSBURGH – July 3, 2013 – (RealEstateRama) — The Federal Home Loan Bank of Pittsburgh (Bank) is pleased to announce its new membership with the Pennsylvania Association of Mutual Insurance Companies (PAMIC).

DataQuick Offers Online Resource for Local Market Analysis

SAN DIEGO – July 2, 2013 – (RealEstateRama) — DataQuick®, a Mortgage Technology Top 50 service provider, now offers its high-quality data, proprietary analytics and research expertise as an online resource through the company’s website. The site gives lenders, originators and investors convenient access to local market data and insight built from the nation’s largest independent property database

FHLBank Pittsburgh Welcomes Three New Members in First Half of 2013

PITTSBURGH – July 1, 2013 – (RealEstateRama) — The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today that in the first half of 2013, three new members joined the Bank’s cooperative of banks, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia

Nationwide Insurance Offers Tips to Protect Home and Belongings from Severe Weather

Columbus, OH – June 13, 2013 – (RealEstateRama) — As the potential for severe weather increases, Nationwide Insurance wants to remind those living in the Midwest to take a few precautionary measures to protect their home and personal belongings from damaging wind and heavy rain

Rate Increases Ahead for Some National Flood Insurance Program Policyholders

WASHINGTON, DC – May 17, 2013 – (RealEstateRama) — Changes are coming to the critically important National Flood Insurance Program that could impact real estate transactions and property owners across the country. That’s according to experts from the Federal Emergency Management Agency, which manages the government’s flood insurance program, who spoke to Realtors®

Hearing Explores Government Role in Multifamily and Health Care Facilities Mortgage Insurance and Reverse Mortgages

Washington, DC – May 17, 2013 – (RealEstateRama) — The Financial Services Housing and Insurance Subcommittee continued its examination of the troubled Federal Housing Administration (FHA) today with a hearing that focused on several of the agency’s programs that operate outside its mission

Housing Starts Slip with Multifamily Correction in April

WASHINGTON, D.C. – May 16, 2013 – (RealEstateRama) — A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month, with a particularly strong gain in multifamily issuance

Mortgage Bankers’ Commercial/Multifamily Originations Rise to $244.2 Billion In 2012

WASHINGTON, D.C. – April 17, 2013 – (RealEstateRama) — Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012 according to the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.

Know Your Rights When Buying Real Estate

WASHINGTON, D.C. – April 17, 2013 – (RealEstateRama) — As the spring home buying season begins, the American Land Title Association (ALTA) reminds consumers of the importance of title insurance when purchasing real estate and protecting their rights to property

MBA Releases 2012 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes

WASHINGTON, D.C. – March 21, 2013 – (RealEstateRama) — Wells Fargo was the top commercial/multifamily mortgage originator in 2012, according to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA). Other top originators include Bank of America Merrill Lynch; HFF, L.P.; PNC Real Estate; Meridian Capital Group, LLC; CBRE Capital Markets, Inc.; Prudential Mortgage Capital Company; KeyBank Real Estate Capital; Jones Lang LaSalle; Walker & Dunlop; Northmarq Capital LLC and Berkadia

Purchasing — and MAINTAINING — Flood Insurance is a Great Investment at Any Time

DENVER – March 20, 2013 – (RealEstateRama) — There’s a hidden threat that strikes countless unprepared Americans each year – flooding. Unlike fire, wind, hail or most other perils, flood damage is not covered by a homeowners policy. An uninsured flood loss can undo a lifetime’s worth of effort and create a mountain of bills. Fortunately, a National Flood Insurance Program (NFIP) policy provides the defense against such losses and can ensure that a flood doesn’t bring financial ruin

Freddie Mac Changes Policies So Borrowers Will Get Hurricane Sandy Insurance Proceeds Faster

MCLEAN, VA – February 22, 2013 – (RealEstateRama) — Freddie Mac (OTCQB: FMCC) today took steps to cut the time it’s taking servicers to get insurance proceeds to borrowers to start repairs on homes damaged by Hurricane Sandy and secured by Freddie Mac-owned or -guaranteed mortgages. Freddie Mac is one of the nation’s largest investors in single-family and multifamily mortgages. Offers a Look Ahead of that Rainy Day

WASHINGTON, D.C. – February 18, 2013 – (RealEstateRama) — There could be a disaster ahead for insurance consumers or not. Should they count on their insurance? They can, according to consumer advocate Antone P. Braga. “Most people think they are financially prepared for a disaster simply because they carry insurance.

Hensarling Statement on FHA Being Added to “High Risk” List by GAO

WASHINGTON – February 14, 2013 – (RealEstateRama) — Financial Services Committee Chairman Jeb Hensarling released the following statement today after the Government Accountability Office (GAO) added the Federal Housing Administration (FHA) to its list of government programs identified as “high risk due to their greater vulnerability to fraud, waste, abuse and mismanagement or the need for transformation”.

Consumer Groups Decry FHFA Billion Dollar Force-Placed Insurance Giveaway

WASHINGTON, D.C. – February 13, 2013 – (RealEstateRama) — Advocates at the Consumer Federation of America, the National Consumer Law Center, the Center for Economic Justice, Consumer Watchdog, the Neighborhood Economic Development Advocacy Project and the Center for Responsible Lending strongly oppose the decision of the Federal Housing Finance Agency (FHFA) – the federal regulator that oversees Fannie Mae and Freddie Mac – to halt Fannie Mae’s recent efforts to reduce the cost of force-placed insurance (FPI) for taxpayers and borrowers by over $1 billion a year

Changes Coming to FHA Program as of April 1

WASHINGTON, D.C. – February 12, 2013 – (RealEstateRama) — The Federal Housing Administration (FHA) has announced new regulations which go into effect on April 1, 2013. These regulations were developed to provide additional revenues for the insurance fund (making more moneys available for any future housing” bubble”) and to add additional underwriting standards for specific insured loans (see below).

Coalition Dishonors New Members of Insurance Fraud Hall of Shame

WASHINGTON, D.C. – February 5, 2013 – (RealEstateRama) — A torched office building injures seven firefighters; a nose doctor buys a yacht with insurance money from damaging and worthless surgeries; cohorts cut off a mentally disabled man’s hand for an insurance payout.

Wildfire Risk High in 2013, Due to Drought and Warm Weather: IBHS Offers Free Property Protection Steps

WASHINGTON, D.C. – January 24, 2013 – (RealEstateRama) — With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for Business & Home Safety (IBHS) urges home and business owners to take action now to effectively reduce their wildfire risk