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State of the Union: NHC welcomes attention to homeownership, calls for complete attention to nation’s housing challenges

WASHINGTON, D.C. – January 28, 2015 – (RealEstateRama) — The National Housing Conference applauds President Obama’s choice to highlight housing issues in his speeches leading up to the State of the Union address and in connecting to those same themes in the address itself. Getting housing policy right is essential to keeping our economy on a path of recovery coming out of the great recession and to ensuring that all in America can achieve a brighter future

Interest in Secondary Assets and Recovering Markets Continues to Rise in the Face of Strong Competition for Prime Assets and a European Capital Surge

LONDON – January 16, 2015 – (RealEstateRama) — Competition for prime assets in Europe’s major real estate markets is leading property investors to continue their move into secondary assets and recovering markets, according to Emerging Trends in Real EstateÂŽ Europe 2015, a forecast published jointly by the Urban Land Institute (ULI) and PwC. The report highlights a surge in popularity for real estate investment opportunities in a number of cities that were hit particularly hard during the last market downturn, with dramatic rises in this year’s city rankings for Madrid (up 16 positions), Athens (up 23 positions), Birmingham (up 14 positions), Amsterdam (up 17 positions) and Lisbon (up 17 positions).

Small, Exterior Home Improvements Offer the Best Value Investments in 2015, Say RealtorsÂŽ

WASHINGTON, D.C. – January 14, 2015 – (RealEstateRama) — Homeowners often consider various remodeling and replacement projects as a way to add value to their homes. Some projects add more value and better recoup their costs than others, according to RealtorsÂŽ who rated small and exterior projects as the most valuable home improvement projects in the 2015 Remodeling Cost vs. Value Report. Compiled annually in collaboration with Hanley Wood’s Remodeling Magazine, the report compares changes in home improvement project costs with Realtors®’ perceptions of what those projects contribute to a home’s price at resale

Easton Man Pleads Guilty, Sentenced to Jail in Connection with Stealing More Than $100,000 in “Rent to Own” Scheme

FALL RIVER – December 31, 2014 – (RealEstateRama) — An Easton man has pleaded guilty and been sentenced to jail in connection with stealing $112,000 from customers in a “Rent to Own” advance-fee scheme, Attorney General Martha Coakley’s Office announced today.  He was also ordered to make full restitution to his victims

Northern California Real Estate Investor Pleads Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions

WASHINGTON, D.C. – December 25, 2014 – (RealEstateRama) — A Northern California real estate investor pleaded guilty for his role in bid rigging and fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced.

Patrick Administration Announces Over $5 Million in Community Investment Tax Credits to 44 Community Organizations

WORCESTER – December 18, 2014 – (RealEstateRama) — Thursday, December 18, 2014 – Continuing the Patrick Administration’s commitment to encourage new economic opportunities for low- and middle-income households throughout Massachusetts, Department of Housing and Community Development Undersecretary Aaron Gornstein today announced over $5 million in Community Investment Tax Credits to 44 community organizations across the Commonwealth

LA Community Leaders Gather at OneWest Bank HQ to Denounce Multi-Billion FDIC Subsidy

Pasadena, CA – December 17, 2014 – (RealEstateRama) — At a press conference today, LA community leaders will release new data that has not previously been shared with the public about the amount of money the FDIC has paid to OneWest Bank under two controversial shared loss agreements. OneWest is part of a proposed, Too Big To Fail bank merger with CIT Group, a merger that over fifty organizations are opposing.

Sen. Collins Secures Critical Investments in Transportation Infrastructure and Housing

WASHINGTON, D.C. – December 11, 2014 – (RealEstateRama) — U.S. Senator Susan Collins, a senior member of the Senate Appropriations Committee and Ranking Member of the Transportation and Housing and Urban Development Subcommittee, announced today that she has secured critical federal funding for transportation infrastructure and housing programs in the Fiscal Year 2015 funding bill that was unveiled late Tuesday. The bill contains provisions, authored by Senator Collins and overwhelmingly approved by the Senate Appropriations Committee in June, to improve safety on our nation’s roadways and to study the impacts of federal regulations forcing trucks to drive during crowded, morning rush hour times rather than overnight when the roads are less congested.

New ULI Book, ‘The Investor’s Guide To Commercial Real Estate,’ Provides Deep Dive Understanding of an Asset Class Sparking Renewed Interest

WASHINGTON – December 11, 2014 – (RealEstateRama) — A better understanding of commercial real estate along with its various investment strategies and benefits is the subject of a new publication from the Urban Land Institute (ULI).

Real Estate in Asia Remains Resilient in an Environment of Weaker Economic Fundamentals, Says ‘Emerging Trends In Real Estate® Asia Pacific 2015? Report; Japan Holds Status as a Magnet for Investment

HONG KONG – December 8, 2014 – (RealEstateRama) — Real estate markets throughout Asia are expected to remain resilient despite weakening economic fundamentals throughout 2015, as capital continues to flow into the industry from a variety of investment sources, both domestic and international, according

CFO and State Fire Marshal Jeff Atwater Announces New Developments in Sanford Arson Investigations

SANFORD – August 19, 2014 – (RealEstateRama) — Chief Financial Officer Jeff Atwater, who also serves as Florida’s State Fire Marshal, today announced the arrest of Sanford resident Curtis Smith on arson charges related to a recent mobile home fire in Sanford and asked for the public’s help to locate Smith’s half-brother, Steven Angle, as he may have information to assist in the investigation surrounding 10 other fires set in Sanford and the surrounding rural areas. The CFO also announced the reward for information leading to a conviction in the Sanford fires has been increased to $11,000

Builder Confidence in the 55+ Housing Market Shows Positive Signs in the Second Quarter

WASHINGTON, D.C. – August 7, 2014 – (RealEstateRama) — Builder confidence in the single-family 55+ housing market for the second quarter is up year over year, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. Compared to the second quarter of 2013, the single-family index increased three points to a level of 56, which is the highest second-quarter reading since the inception of the index in 2008 and the 11th consecutive quarter of year over year improvements

Three Moses Lake neighborhoods transformed as residents buy the land beneath their homes

MOSES LAKE, Wash. – August 7, 2014 – (RealEstateRama) — Homeowners in three “mobile-home parks” in this city of about 20,000 took control of the land beneath their homes when they formed three cooperatives and became not just homeowners, but landowners, too.

RealtorsÂŽ Environmental Summit Evaluates Potential Risks to Real Estate

WASHINGTON – July 29, 2014 – (RealEstateRama) — RealtorÂŽ leaders are hearing from the nation’s foremost experts on environmental risk management during the National Association of RealtorsÂŽ first environmental summit. The slate of distinguished speakers includes Dan Glickman, who served as the Secretary of Agriculture under President Clinton, and Tom Ridge, first Secretary of U.S. Department of Homeland Security, former Governor of Pennsylvania, president and CEO of Ridge Global and partner at Ridge-Schmidt Cyber.

Citigroup to Pay $7 Billion for Subprime Mortgage Scams

WASHINGTON, D.C. – July 15, 2014 – (RealEstateRama) — Today, the US Department of Justice announced a $7 billion settlement with Citigroup; the financial institution will pay a record-setting $4 billion penalty for misleading investors about securities that included toxic mortgages.

Housing sector must reflect deeply on Cosmopolitan failures says CIH

WASHINGTON, D.C. – June 17, 2014 – (RealEstateRama) — Responding to the Altair report Cosmopolitan Housing Group: Lessons Learned, Grainia Long, chief executive at the Chartered Institute of Housing (CIH), said: “The eventual rescue of Cosmopolitan marked a successful resolution to a critically important period for the housing association sector.

Energy [R]evolution Report Details how US can Transition to Nearly 100% Renewable Energy

WASHINGTON, D.C. – May 13, 2014 – (RealEstateRama) — The United States can quickly transition to nearly 100% renewable energy and phase out coal and nuclear power, according to a major new report from Greenpeace and the Global Wind Energy Council. Energy [R]evolution – A Sustainable USA Energy Outlook provides a blueprint for transforming our electricity, transportation, and heating systems to dramatically reduce carbon pollution, and demonstrates to policymakers and investors that rapid changes in the way we produce, distribute, and consume energy are possible and cost effective.

Rip-Offs, Retainers and Rescue: Lawyers’ Committee and Loan Modification Scam Prevention Network Coalition Partners to Host Critical Town Hall Discussion on the National Foreclosure Rescue Fraud Epidemic and Attorney Involvement

WASHINGTON, D.C. – May 12, 2014 – (RealEstateRama) — The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) and its coalition partners in the Loan Modification Scam Prevention Network (LMSPN) will host an important town hall discussion about the impact of attorney involvement in foreclosure rescue options for distressed homeowners on Tuesday, May 13, 2014 from 1:30 to 3 p.m. at the Lawyers’ Committee’s offices, 1401 New York Avenue, NW, Suite 400, Washington, D.C. This event is a follow up to the Lawyers’ Committee’s April 15, 2014 release of a comprehensive national report“Foreclosure Rescue, Inc.”, which examines the foreclosure rescue fraud epidemic, scam trends and efforts to combat these fraudulent activities

All-Cash Sales Up While Distressed Sales and Investors Decline

WASHINGTON, D.C. – May 12, 2014 – (RealEstateRama) — Analysis of data collected for the RealtorsÂŽ Confidence Index shows the market share of all-cash purchases is on the rise, despite declines in distressed sales and investor activity, according to the National Association of RealtorsÂŽ.

Mercy Loan Fund supports President Obama’s “My Brother’s Keeper” initiative to assist youth in underserved communities

WASHINGTON, D.C. – May 9, 2014 – (RealEstateRama) — Mercy Loan Fund, a subsidiary of national nonprofit Mercy Housing, announced their commitment to the “Youth Opportunity Pledge” created by Opportunity Finance Network, a national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth and other disadvantaged communities across America. The “Youth Opportunity Pledge” was inspired by President Obama’s “My Brother’s Keeper” initiative that takes a collaborative approach to create opportunities for young minority men in disadvantaged communities