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Department of Justice FY 2014 Budget Request

April 11, 2013 Posted by

WASHINGTON, D.C. – April 11, 2013 – (RealEstateRama) — President’s Request Identifies Savings and Efficiencies, Sustains National Security Programs, Strengthens Efforts to Promote Gun Safety, Increases Enforcement of Cyber Security, Financial and Mortgage Fraud, and Immigration Laws, Invests in Protecting Civil Rights, Increases the Capacity for Prisons and Detention, and Enhances State, Local and Tribal Support

Homelessness Down for Vets and Chronically Homeless, but Budget Cuts Threaten Investments that Led to Declines

April 8, 2013 Posted by

WASHINGTON, D.C. – April 8, 2013 – (RealEstateRama) — In spite of declines in incomes and affordable housing, federal investments in smart strategies have led to significant declines in chronic and veteran homelessness. However, worsening economic and housing indicators threaten progress. And recent budget cuts could mean less investment in solutions that have led to declines in homelessness, like permanent supportive housing for chronically homeless individuals and homeless assistance funding for communities.

NJBA CEO Timothy Touhey Resigns – Accepts Position with Investors Bank

April 8, 2013 Posted by

Hamilton, NJ – April 8, 2013 – (RealEstateRama) — The New Jersey Builders Association (NJBA), the voice of New Jersey’s building industry, announced today that Timothy J. Touhey, CEO, resigned effective April 12. He has accepted a position as Senior Vice President with Investors Bank beginning on May 6

NMSC reports strong 2012 investment activity to revitalize commercial corridors in low-income neighborhoods

April 1, 2013 Posted by

CHICAGO, IL – March 29, 2013 – (RealEstateRama) — New Markets Support Company (NMSC) invested $91 million during 2012 and helped create more than 1,900 jobs by utilizing the federal New Markets Tax Credit program to spur redevelopment of blighted areas.

Purchasing — and MAINTAINING — Flood Insurance is a Great Investment at Any Time

March 20, 2013 Posted by

DENVER – March 20, 2013 – (RealEstateRama) — There’s a hidden threat that strikes countless unprepared Americans each year – flooding. Unlike fire, wind, hail or most other perils, flood damage is not covered by a homeowners policy. An uninsured flood loss can undo a lifetime’s worth of effort and create a mountain of bills. Fortunately, a National Flood Insurance Program (NFIP) policy provides the defense against such losses and can ensure that a flood doesn’t bring financial ruin

One Year In, Realtor® University’s Graduate Real Estate Program Thrives

February 27, 2013 Posted by

WASHINGTON, D.C. – February 27, 2013 – (RealEstateRama) — Today marks the one-year anniversary of Realtor® University’s Master of Real Estate degree program. The National Association of Realtors® created Realtor® University to help Realtors® bring value to home buyers, sellers and investors.

OPIC and TPC Support Expansion of Home Improvement Loans for Low-Income Cambodians with Historic $5 Million Investment

February 27, 2013 Posted by

Phnom Penh – February 27, 2013 – (RealEstateRama) — The Overseas Private Investment Corporation (OPIC) and Thaneakea Phum (Cambodia), Ltd. (TPC) today announced the closing of a US$ 5 million term loan to fund the expansion of TPC’s portfolio of microfinance loans for low-income borrowers

Bank of America Merrill Lynch Provided More Than $2.6 Billion in Community Development Lending and Investing in 2012

February 14, 2013 Posted by

WASHINGTON, D.C. – February 14, 2013 – (RealEstateRama) — Through its delivery of lending, tax credit equity investments and real estate development solutions, Bank of America Merrill Lynch in 2012 provided more than $2.6 billion for community development – commitments that will help create nearly 11,000 affordable housing unit

STATEMENT: Housing Expert Julia Gordon on Tonight’s State of the Union Address

February 13, 2013 Posted by

Washington, D.C. – February 13, 2013 – (RealEstateRama) — In reaction to President Barack Obama’s State of the Union address tonight, Julia Gordon, Director of Housing Finance and Policy at the Center for American Progress, released the following statement

27 Percent of Borrowers That Refinance Shorten Mortgage Term During Fourth Quarter

February 12, 2013 Posted by

MCLEAN, VA – February 12, 2013 – (RealEstateRama) — In the fourth quarter of 2012, 27 percent of borrowers that refinanced an existing mortgage chose to shorten their loan term, based on the Freddie Mac (OTC: FMCC) Quarterly Product Transition Report released today. Further, refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate.

TIAA-CREF and Norwegian Government Pension Fund Global Announce $1.2 Billion Real Estate Joint Venture

February 11, 2013 Posted by

NEW YORK, NY – February 11, 2013 – (RealEstateRama) — TIAA-CREF, a leading financial services provider, today announced a joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, to invest in high-quality office properties in Boston, New York and Washington. TIAA-CREF owns a 50.1 percent share and will manage the joint venture. NBIM holds the remaining 49.9 percent share.

NAREE Issues Call for Entries for Real Estate Journalism Competition

February 6, 2013 Posted by

BOCA RATON, FL – February 6, 2013 – (RealEstateRama) — The deadline is fast approaching for the National Association of Real Estate Editors’ 63rd Annual NAREE Journalism Competition for real estate and home and design writers and editors.The entry deadline is March 1, 2013, for work published or aired in 2012.

Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public Foreclosure Auctions

February 5, 2013 Posted by

WASHINGTON, DC – February 5, 2013 – (RealEstateRama) — A Northern California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced

ANNOUNCING SITES FOR FACILITATED SELF ASSISTANCE TAX PREPARATION

February 5, 2013 Posted by

Greensboro, NC – February 5, 2013 – (RealEstateRama) — United Way of Greater Greensboro (UWGG) announces the availability of the Facilitated Self-Assistance free tax preparation sites and online service at local non-profits. Households earning up to $57,000 annually can qualify to get free help preparing their tax return.

Department of Justice Sues Standard & Poor’s for Fraud in Rating Mortgage-backed Securities in the Years Leading up to the Financial Crisis

February 5, 2013 Posted by

WASHINGTON, D.C. – February 5, 2013 – (RealEstateRama) — Attorney General Eric Holder announced today that the Department of Justice has filed a civil lawsuit against the credit rating agency Standard & Poor’s Ratings Services alleging that S&P engaged in a scheme to defraud investors in structured financial products known as Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs). The lawsuit alleges that investors, many of them federally insured financial institutions, lost billions of dollars on CDOs for which S&P issued inflated ratings that misrepresented the securities’ true credit risks

Exterior Replacement Projects Provide Biggest Return on Investment for Homeowners, Say Realtors®

January 29, 2013 Posted by

WASHINGTON, DC – January 29, 2013 – (RealEstateRama) — Homeowners looking for the most return on their investment when it comes to remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report, Realtors® rated exterior projects among the most valuable home improvement projects.

Morgan Stanley, Kresge Foundation and LISC launch $100 million investment fund linking health care and affordable housing in low-income communities

January 15, 2013 Posted by

NEW YORK, NY and TROY, MI. – January 15, 2012 – (RealEstateRama) — Morgan Stanley, The Kresge Foundation and the Local Initiatives Support Corporation (LISC) have launched a first-of-its kind $100 million investment fund that is designed to expand access to health care and affordable housing for low-income residents and fund critical social services that help link the two in impoverished neighborhoods.

Governor Martin O’Malley Announces $25 Million for Rental Housing Works

January 11, 2013 Posted by

ANNAPOLIS, MD – January 11, 2012 – (RealEstateRama) — Governor Martin O’Malley today, joined by House Speaker Michael E. Busch, Maryland Department of Housing Secretary Raymond A. Skinner, affordable housing advocates, and other officials, announced…

32BJ Applauds Governor on Campaign Finance Reform, Utility Regulation, Minimum Wage

January 10, 2013 Posted by

ALBANY, NY – January 10, 2012 – (RealEstateRama) — The President of 32BJ SEIU, the state’s largest private-sector union, said today that Governor Cuomo deserves credit for announcing his support for many important initiatives in his State-of-the-Sta…

RE/MAX Ranks Number One in Real Estate: Prestigious National Survey Recognizes Top Franchises

January 10, 2013 Posted by

DENVER, CO – January 10, 2012 – (RealEstateRama) — For the 10th time in 14 years, global real estate franchisor RE/MAX, LLC has been recognized as the highest ranking real estate company in Entrepreneur magazine’s 34th annual “Franchise 500.” RE/MAX has now earned the year’s number one ranking in the industry’s two most respected franchise surveys. With an increasing agent count and a recent expansion to 5 countries including China, RE/MAX continues to grow, with an unequalled presence in more than 85 counties around the world.

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