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

Goldman Sachs Closes Broad Street Real Estate Credit Partners II With Over $4 Billion in Capital Available to Invest in the Strategy

NEW YORK, – May 7, 2014 – (RealEstateRama) — Goldman Sachs announced today that it has closed its second real estate credit fund, Broad Street Real Estate Credit Partners II (RECP II), with over $4 billion in total capital available to invest, including expected leverage. Limited partners in RECP II include existing as well as new institutional and private investors from throughout the Americas, Europe and Asia. RECP II will be managed by the real estate group within Goldman Sachs’ Merchant Banking Division (MBD). With this new vehicle, Goldman Sachs will be able to offer these lending capabilities to borrowers in Europe for the first time, building on its track record in the United States.

Vacation Home Sales Surge in 2013, Investment Property Declines

WASHINGTON, D.C. – April 3, 2014 – (RealEstateRama) — Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of RealtorsÂŽ.


WASHINGTON, D.C. – April 2, 2014 – (RealEstateRama) — Total construction spending in February edged up from January despite adverse weather in much of the nation, as private residential and nonresidential components posted solid growth compared with early 2013, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials noted that the construction spending figures would have been stronger if not for declines in public sector construction and infrastructure investments.

Former Alabama Real Estate Investor Indicted for Conspiracy to Commit Mail Fraud

WASHINGTON, D.C. – April 1, 2014 – (RealEstateRama) — A federal grand jury in Mobile, Ala., returned a one-count indictment against a former real estate investor, charging him with conspiracy to commit mail fraud as part of a scheme related to public real estate foreclosure auctions held in southern Alabama, the Department of Justice announced today

Investors Turn to Recovering Markets, Regional Cities and Secondary Property as the Competition for Prime European Real Estate Assets Increases

LONDON – January 21, 2014 – (RealEstateRama) — The competition for prime assets in Europe’s major real estate markets is leading investors to turn to recovering markets such as Ireland and Spain, regional cities and secondary property in search of returns, according to Emerging Trends in Real EstateÂŽ Europe 2014, a forecast published jointly by the Urban Land Institute (ULI) and PwC