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Freedom Mortgage Corporation Agrees to Pay $113 Million to Resolve Alleged False Claims Act...

Freedom Mortgage Corporation has agreed to pay the United States $113 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting single family mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements for the FHA insurance program, the Justice Department announced today.  Freedom Mortgage Corporation is headquartered in Mt. Laurel, New Jersey.

NAMB Applauds Congressional Flood Insurance Initiative

NAMB—The Association of Mortgage Professionals has commended the House Financial Services Committee for taking up HR 2901, the Flood Insurance Market Parity and Modernization Act of 2015

National Apartment Association Reaches All 535 Congressional Offices With Strong Message: Lawmakers Must Address...

Members of the National Apartment Association (NAA) and nearly 170 affiliated associations this week turned out for their largest ever advocacy campaign, both on Capitol Hill and in congressional districts from coast to coast. Telling lawmakers that apartments work, industry members emphasized that lawmakers must enact public policies that promote rather than obstruct the industry’s ability to provide housing and jobs.

United States Resolves Civil Suit Against Westbury-Based Mortgage Lender

Robert L. Capers, United States Attorney for the Eastern District of New York, David A. Montoya, Inspector General for the Department of Housing and Urban Development, and Frederick W. Gibson, Acting Inspector General for the Federal Deposit Insurance Corporation today announced the settlement of claims against Continental Mortgage Bankers d/b/a Financial Equities and its president, Walter Stashin, in United States v. Rainy Day Holdings, LLC. et al., Civil Action No. CV-15-5576. The case is pending in federal court in Central Islip before United States District Judge Joseph F. Bianco.

FHA Cuts Multifamily Insurance Rates for Affordable and Energy-Efficient Housing

January 28, HUD announced that the Federal Housing Administration (FHA) will reduce its multifamily insurance rates to stimulate the production and rehabilitation of affordable rental housing. These rate reductions, effective April 1, will apply to the FHA-HFA Risk-Sharing program and other FHA multifamily housing programs that help finance properties housing low-income families and developments installing energy-efficient systems or building within federal energy guidelines.

New Vision Insurance and Telemedicine Program Available to Realtors

National Association of Realtors® members now have access to two new offerings through the Realtors® Insurance Marketplace; members now have access to Realtors® Vision Insurance plans and Members TeleHealth, a telemedicine service plan

HSI Special Agent rescues building occupants from pending fire

U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) San Juan Special Agent Jeremiah Gonzalez passes the Universal Insurance Company building in Caguas, Puerto Rico every day.

5 Tips for Relocating Your Small Business

Whether your company is expanding or you’re nearing the end of your lease, relocating can be a lot of work on a business. Once you’ve found the new location for your office space, you must diligently come up with a plan of action for the day of the move. While you may not have thought of planning for the move, it is imperative to saving your business time and money.

Gillibrand and Rice’s Bipartisan Legislation Would Increase Transparency & Accountability to Improve How FEMA...

After Superstorm Sandy victims faced an extensive, burdensome and fraud-ridden flood insurance claims process, U.S. Senator Kirsten Gillibrand and U.S. Representative Kathleen rice today announced their push for new bipartisan legislation to require more transparency and accountability from the Federal Emergency Management Agency (FEMA) so that home and property owners who carry flood insurance policies are better protected in the event of another storm.

Commissioner Donelon Reminds Policyholders of Approaching Deadline to Claim Property Insurance Rebate

Insurance Commissioner Jim Donelon reports ongoing progress in the shift of policies to the private market from the state’s insurer of last resort, Louisiana Citizens Property Insurance Corporation (Citizens). At the same time, he is also reminding property insurance policyholders that the deadline to claim a rebate for the Citizens Assessment charged on their 2011 insurance policies is December 31, 2015. Nearly $34 million, or 52 percent, of the refundable assessments available for 2011 remains unclaimed.

Hoeven Holds Community Roundtable, Reviews Progress on Watford City’s New High School & Housing...

Senator John Hoeven today held a community roundtable at Watford City High School to take questions from students and area residents. There were approximately 100 high school students, including Watford City High School’s senior class and two classes of social studies/government students. Scott Hennen, host of What’s on Your Mind, served as the event moderator.

Homeowners encouraged to apply for funds to brace and bolt their homes

Next year, 1,000 homeowners across the state will receive up to $3,000 to seismically retrofit and protect their homes from earthquake damage. The Earthquake Brace + Bolt program is expanding to include more than 150 ZIP codes in vulnerable areas in Northern and Southern California

SANDY VICTIMS WHO ENTERED FEMA FLOOD INSURANCE-REVIEW PROCESS MONTHS AGO ARE STILL WAITING FOR...

FEMA Also Saying If Policyholders Do Not Supply & Other Information to Review Process Within Short 14-Day Period, Their Cases Will Be Closed; Schumer & Gillibrand Urges FEMA to Immediately Work With All Policyholders Who Have Not Yet Submitted Pertinent Info to Agency & To Get Going On Backlog

Stress Test Results Inject Confidence into Florida’s Homeowners’ Insurance Market

Chief Financial Officer Jeff Atwater knows that Florida’s homeowners carry insurance to protect their property in the event of an emergency, natural or otherwise. Floridians have seen the costly destruction hurricanes can cause as well the financial volatility that storms can create in the property insurance market. Each year, the Office of Insurance Regulation tests the financial soundness of property insurance companies that conduct business in the state of Florida to ensure they can withstand the catastrophic losses generally associated with major storms.

ABA Endorses Arch Mortgage Insurance PMI Products

The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed the mortgage insurance solutions of Arch Mortgage Insurance Company?, a leading provider of private mortgage insurance and a wholly-owned subsidiary of Arch Capital Group Ltd.

Income, Poverty and Health Insurance Coverage in the United States: 2014

The U.S. Census Bureau announced today that in 2014, there was no statistically significant change from 2013 in either real median household income or the official poverty rate. At the same time, the percentage of people without health insurance coverage declined. Unless otherwise noted, the following results for the nation were compiled from information collected in the 2015 Current Population Survey Annual Social and Economic Supplement.

PCI Urges Consumers to Take a “Wildfire Reality Check” this September and be Prepared

With a record 8.2 million acres already consumed by dangerous wildfires and the peak of wildfire season is just beginning, the Property Casualty Insurers Association of America (PCI) is using National Preparedness Month to remind homeowners and renters that it’s time to take a “wildfire preparedness reality check” to ensure you’re physically and financially prepared.

IBHS Advises Home and Business Owners to Take 4 Steps to Prepare for Disaster...

The Insurance Institute for Business & Home Safety (IBHS) joins with the Federal Emergency Management Agency’s (FEMA) Ready Campaign and other organizations around the country to encourage home and business owners to take time during National Preparedness Month to reduce risk and be ready before natural disasters strike. IBHS recommends four simple steps to help get prepared

Federal Housing Administration’s Proposal Falls Short, Hits Borrowers Coming and Going

The Federal Housing Administration's mutual mortgage insurance fund plays a critical role in providing access to credit so that millions of Americans—many of whom are first-time buyers, come from low- and moderate-income backgrounds, or purchase homes in communities of color—can be successful homeowners. The FHA today proposed revised language on the lender certification of loan and borrower eligibility and lender disbarment.<

Palm Harbor Homes Builds First Hurricane-Resistant Modular Houses with IBHS’ FORTIFIED Home™ Building Standards

The Insurance Institute for Business & Home Safety (IBHS) and Palm Harbor Homes announced today Palm Harbor’s manufacturing facility in Plant City, Florida has earned a FORTIFIED Home™ – Hurricane manufacturing plant certification to construct and deliver the first-ever FORTIFIED Home labeled and disaster resistant modular homes in hurricane-prone regions.

Business Real Estate Press Releases

TriangleCenter

CBRE’s Philip D. Voorhees and NRP-West Team Complete Sale of Triangle...

CBRE Executive Vice President Philip D. Voorhees announced today that the National Retail Partners-West (NRP-West) completed the sale of Triangle Center in Longview, Washington, a community center, 98 percent leased to high performing, national and regional credit tenants including Winco Foods (not a part), Ross Dress for Less, Bed Bath & Beyond, Michaels, Petco, Rite Aid, Ace Hardware, Ulta Beauty, Big 5, Office Depot along with Five Guys, Great Clips, GameStop and others.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Realtors® Applaud Senate Passage of 2018 WRDA Bill

National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018.