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 DUSÂ® 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 Servicesâ€™ (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.
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).
SAN DIEGO – July 2, 2013 – (RealEstateRama) — DataQuickÂ®, a Mortgage Technology Top 50 service provider, now offers its high-quality data, proprietary analytics and research expertise as an online resource through the companyâ€™s website. The site gives lenders, originators and investors convenient access to local market data and insight built from the nationâ€™s largest independent property database
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 Bankâ€™s cooperative of banks, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia
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
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. Thatâ€™s according to experts from the Federal Emergency Management Agency, which manages the governmentâ€™s flood insurance program, who spoke to RealtorsÂ®
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 agencyâ€™s programs that operate outside its mission
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
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 Associationâ€™s (MBA) 2012 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
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
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
DENVER – March 20, 2013 – (RealEstateRama) — Thereâ€™s a hidden threat that strikes countless unprepared Americans each year â€“ 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 lifetimeâ€™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 doesnâ€™t bring financial ruin
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.
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.
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 â€śhigh risk due to their greater vulnerability to fraud, waste, abuse and mismanagement or the need for transformationâ€ť.
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) â€“ the federal regulator that oversees Fannie Mae and Freddie Mac â€“ to halt Fannie Maeâ€™s recent efforts to reduce the cost of force-placed insurance (FPI) for taxpayers and borrowers by over $1 billion a year
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).
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 manâ€™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