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MBA Report Shows Economic Fallout Continues to Impact Commercial Real Estate Markets/Delinquencies in 4th Quarter 2009
March 11, 2010 Posted by MBA
Washington, DC - March 11, 2010 - (RealEstateRama) — Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report
Poll Shows Strong Support for Government Housing Initiatives
March 1, 2010 Posted by NAHB
WASHINGTON, DC - March 1, 2010 - (RealEstateRama) — Americans remain strongly committed to federal support for home buyers, according to a recent survey of U.S. households. Roughly 68 percent of those polled said the government should continue to support housing, and 65 percent believe the government should be doing more to keep families from losing their homes to foreclosure.
REALTYTRAC PARTNERS WITH REALTYJOIN TO LAUNCH NEW ONLINE SOCIAL NETWORKING FORUM FOR REAL ESTATE INVESTORS
February 25, 2010 Posted by RealtyTrac
RealtyJoinâ„¢ Connects Investors, Agents, Brokers and Tradespeople. IRVINE, CA - February 25, 2010 - (RealEstateRama) — RealtyTrac® (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today announced a strategic agreement with RealtyJoinâ„¢ (www.realtyjoin.com), a new and exciting social networking site that allows real estate investors to connect with the people who can help them profitably invest in real estate: agents, brokers and other real estate professions — all 100 percent free.
SEC Charges Two Sacramento Men with Defrauding Real Estate Fund Investors of Millions of Dollars
February 23, 2010 Posted by SEC
Washington, D.C. - February 23, 2010 - (RealEstateRama) — The Securities and Exchange Commission today charged two Sacramento-area men with misappropriating approximately $10 million from more than 100 investors who were falsely promised that their money would be loaned to homebuyers and secured by real estate deeds of trust.
USAA Real Estate Company Announces Sale of Reckitt Benckiser Distribution Center - Salt Lake City, UT
February 19, 2010 Posted by RealEstateRama
February 19, 2010 - (RealEstateRama) — USAA Real Estate Company announced the sale of the Reckitt Benckiser Distribution Center in Tooele County, Utah to real estate advisory firm American Realty Capital (ARC). The transaction closed for an undisclosed price. John Sedar with the Sacramento-based Palmer Team represented USAA Real Estate Company in the transaction
Log Homes Council Unveils New Buyer’s Guide
February 11, 2010 Posted by RealEstateRama
February 11, 2010 - (RealEstateRama) — If there?s one silver lining to the housing boom and subsequent bust is that land costs are at a historic low. Just a few years ago, land costs were as much as 60 percent of the total cost of a new home in the United States, according to a recent study by the University of Wisconsin. Today land costs often make up less than five percent of the total cost.
SEC Charges State Street for Misleading Investors About Subprime Mortgage Investments
February 4, 2010 Posted by SEC
Boston-Based Firm to Settle Charges by Repaying Fund Investors More Than $300 Million. Washington, D.C. - February 4, 2010 - (RealEstateRama) — The Securities and Exchange Commission today charged Boston-based State Street Bank and Trust Company with misleading its investors about their exposure to subprime investments while selectively disclosing more complete information to specific investors
Fannie Mae and its DUS® Lenders Invest $19.8 Billion in 2009 to Fortify the Multifamily Rental Housing Market Fannie Mae remains a constant source of liquidity and stability
February 1, 2010 Posted by RealEstateRama
WASHINGTON, DC - February 1, 2010 - (RealEstateRama) — Fannie Mae (FNM/NYSE) today announced that the company, through its lender and housing partners, provided $19.8 billion in debt financing for the multifamily rental housing market in 2009. Fannie Mae’s DUS® lenders and affiliates delivered $18.6 billion of the company’s total investment in multifamily housing by utilizing the company’s DUS platform. DUS lenders are able to underwrite, close and deliver most loans without pre-review by Fannie Mae, which results in a highly efficient execution.
Credit Crunch Constrains International Home Buyers in U.S. Market
September 15, 2009 Posted by NAR
Washington, DC - September 15, 2009 - (RealEstateRama) — Interest in U.S. real estate by international buyers declined due to the worldwide recession and severe credit crunch, according to the 2009 National Association of Realtors® Profile of International Home Buying Activity.
NEF closes on $76MM LIHTC fund to support 1,000 affordable homes and 1,900 jobs
August 21, 2009 Posted by RealEstateRama
Despite challenging economic conditions, National Equity Fund, Inc. closes on a new multi-investor fund to support affordable housing. CHICAGO, IL - August 21, 2009 - (RealEstateRama) — National Equity Fund, Inc. has closed on a new $76MM investment fund to support affordable housing financed with federal Low Income Housing Tax Credits (LIHTCs)
