Archives

NeighborWorks America Receives $2 Million Grant from Bank of America Charitable Foundation

Washington, D.C. - April 22, 2011 - (RealEstateRama) --NeighborWorks America, one of the nation’s leading nonprofit community development corporations, today announced that it received a two-year, $2 million grant from the Bank of America Charitable Foundation to support a variety of initiatives including affordable homeownership and training for local nonprofit professionals.

Investment in Resource Efficiency One of Many Ways to Celebrate Earth Day

WASHINGTON, D.C. - April 22, 2011 - (RealEstateRama) -- On the 41st anniversary of Earth Day, the National Association of Home Builders (NAHB) reminds consumers that an investment in energy and resource efficiency can pay real dividends by reducing a home's energy use and the associated costs.This year, the Earth Day Network is encouraging people all over the world to contribute to "a billion acts of green."

Realtors Learn How Investors Help Housing Recovery

Phoenix, AZ - April 19, 2011 - (RealEstateRama) -- After the worst downturn in decades, a U.S. real estate recovery could happen more quickly than most economists predict, RE/MAX Chairman and Co-Founder Dave Liniger told over 300 attendees in a video at the recent 2011 RE/MAX Excalibur Sales Rally held in Phoenix, Ariz. His message was simple, real estate investors will play a key role in this recovery.

“Fair Housing in Siouxland” Event

Sioux City, IA - April 18, 2011 - (RealEstateRama) -- The Sioux City Human Rights Commission in partnership with the Siouxland Human Investment Partnership (SHIP) and Midtown Family Community Center will host an educational event “Fair Housing in Siouxland” on Wednesday, April 20, 2011, at the Midtown Community Center, 525 14th Street, between 6:00 p.m. and 8:30 p.m. The event is free and open to the public.

In the Wake of Enforcement Actions Against Mortgage Servicers, Brown Introduces Bill to Keep...

WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- In the wake of a settlement between 14 U.S. mortgage servicers and foreclosed homeowners, U.S. Sen. Sherrod Brown (D-OH) introduced landmark legislation to prevent future servicer fraud and errors, improve foreclosure counseling and prevention, and reform oversight of mortgage-based investing.

Department of Banking and Finance Revokes the Mortgage Broker’s License of BDK Mortgage &...

Atlanta, GA - April 8, 2011 - (RealEstateRama) --On April 6, 2011, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with BDK Mortgage & Investments, Inc. (“BDK Mortgage”), License Number 11800, Nationwide Mortgage Licensing System Number 166983, located at 201 Tallman Drive, Martinez, Georgia 30907 and its owners, Jackie H. Spires and James Spires, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules.

HOPE NOW: Mortgage Industry Completed 87,000 Permanent Loan Mods for Homeowners in February

WASHINGTON, DC - April 7, 2011 - (RealEstateRama) -- HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, released its February 2011 loan modification data, which shows that an estimated 87,000 homeowners received permanent, affordable loan modifications from mortgage servicers for the month.

MBA Releases 2010 Commercial/Multifamily Originations Rankings

Washington, DC - April 5, 2011 - (RealEstateRama) -- Wells Fargo Bank was the top commercial/multifamily mortgage originator in 2010, according to a set of listings released today by the Mortgage Bankers Association (MBA). Other originators in the top 10 include HFF, L.P.; Meridian Capital Group, LLC.; CBRE Capital Markets, Inc.; Prudential Mortgage Capital Company; MetLife Real Estate Investments; Deutsche Bank Commercial Real Estate; PNC Real Estate; Northmarq Capital, LLC; and Berkadia Commercial Mortgage LLC

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®.

Banks’ Foreclosure Bias Hurts Investors

March 23, 2011 - (RealEstateRama) -- New research by the Center for Responsible Lending finds that banks and other loan servicers often foreclose when investors have more to gain from a loan modification. The study—“Fix or Evict? Loan Modifications Return More Value than Foreclosures”—also finds that the industry’s poor track record on loan modifications can’t be blamed on homeowners who re-default.

Federal Block Grant’s $58.7 million investment yields results unlike any other program in Nebraska

LINCOLN, NEB. - March 16, 2011 - (RealEstateRama) --The recently-released 2006-2010 CDBG Investments and Impacts brochure contains eye-opening statistics related to Nebraska’s strategic use of Community Development Block Grant (CDBG).

Greener Homes Program improves Portsmouth housing

BEDFORD, N.H. - March 15, 2011 - (RealEstateRama) -- At its recent meeting, New Hampshire Housing’s Board of Directors approved the commitment of nearly $7.5 million in tax-exempt bonds, federal HOME Investment Partnership funds and Greener Home Prog...

THE FEDERATED COMPANIES PURCHASES BANK NOTE AND INCREASES MARKET VALUE OF ACQUISITION

Miami Beach, FL - March 15, 2011 - (RealEstateRama) -- The Federated Companies, a leading vertically integrated national real estate investment and development firm, has recently closed on the acquisition of a mortgage from KeyBank that is secured by Bayside Village in Portland, Maine. The asset is located in downtown Portland between the Old Port and Back Cove on 132 Marginal Way and consists of 100 units and 400 bedrooms and operates as a student housing complex that was completed in 2008.

HomeAway Unveils New Vacation Rental ‘Community’ Site

AUSTIN, TX - March 1, 2011 - (RealEstateRama) -- HomeAway ®, Inc. – the world’s leading network of online vacation rentals – today introduced Community from HomeAway, a site for vacation rental owners and managers to share expertise and opinions, and access blogs and resources to optimize their vacation rental businesses

Freddie Mac Issues Monthly Volume Summary for January 2011

McLean, VA - March 1, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today issued the company's Monthly Volume Summary for January 2011.

SEC Charges Former Treasurer of Major Mortgage Lender for Role in Securities Fraud and...

Washington, D.C. - February 24, 2011 - (RealEstateRama) -- The Securities and Exchange Commission today charged the former treasurer of the one-time largest non-depository mortgage lender in the country with aiding and abetting a $1.5 billion securities fraud scheme and an attempt to scam the U.S. Treasury's Troubled Asset Relief Program (TARP)

Freddie Mac Will Not Issue a Reference Notes® Security on February 24, 2011

McLean, VA - February 24, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on February 24, 2011. The company’s 2011 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.

Individual State Reports for Commercial Real Estate Development and Construction’s Significant Impact on the...

Washington, D.C. - February 23, 2011 - (RealEstateRama) -- The NAIOP Research Foundation has made individual state reports available that detail the state's data for commercial construction spending, employment and personal earnings in a 2009 vs. 2007 comparison.

A New Poll From ASHI Reports More Than 70 Percent of Homeowners Agree Their...

Des Plaines, IL - February 22, 2011 - (RealEstateRama) -- Nearly three in four (72 percent) U.S. homeowners agree the home inspection they had when they purchased their current primary residence helped them avoid potential problems with their home, according to a survey released today by the American Society of Home Inspectors (ASHI).? Also, almost two in three (64 percent) noted, in the long run, they saved a lot of money as result of their home inspection. As the housing market begins to recover, ASHI encourages homeowners and buyers to hire a certified home inspector and to get a home inspection to help further protect their investment

Stan Jones Santa Fe Real Estate Launches Free Mobole Santa Fe Real Estate Application...

Santa Fe, NM - February 21, 2011 - (RealEstateRama) -- Stan Jones Santa Fe Real Estate/ Sotheby’s International Realty in Santa Fe, NM today announced the launch of a free mobile application and mobile web search that works on standard cell phones, smart phones, and iPads across all mobile carriers, allowing consumers to view all homes for sale in Santa Fe.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

National Association of Realtors® Announces New Technology Team Leader

The National Association of Realtors® announced today that Glenn Shimkus has been named vice president of strategy & innovation, effective immediately. Shimkus will work to establish