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New Poll Finds Americans Skeptical over Proposals to Rescue Subprime Borrowers

Alexandria, Va. - Dec 4, 2007 - As the Bush administration huddles with major lenders to finalize a relief plan for subprime borrowers, new results today from a survey conducted by Harris Interactive® on behalf of the National Taxpayers Union (NTU) warn against the government going too far. Almost half (48%) of U.S. adults aged 18 and older think a federal bailout of the subprime market would help either lenders who issue subprime mortgages or Wall Street banks who profit from subprime mortgages; in contrast, roughly a quarter (26%) believe homeowners who hold subprime mortgages would benefit most.

Free Help for Community Associations

ALEXANDRIA, Va., Dec. 3 /PRNewswire-USNewswire/ -- National surveys show that most of the 60 million Americans who live in homeowner and condominium associations are happy in their communities, but not all association boards govern as responsibly as they should. That can lead to homeowner frustration, factional conflict and, in the worst cases, expensive lawsuits.

As Low-Income Households Struggle To Heat Their Homes, Menendez Works With Colleagues To Secure...

Washington, D.C. - December 4, 2007 - U.S. Senator Robert Menendez (D-NJ) is working to add an additional $1 billion in funds to the Low Income Home Energy Assistance Program (LIHEAP) to help families who are struggling with rising energy costs this winter. Sen. Menendez joined Senator Jack Reed (D-RI) in asking the president for an additional $1 billion in funding (Menendez.senate.gov/pdf/120307LIHEAPletter.pdf); he is also a co-sponsor of legislation Sen. Bernard Sanders (I-VT) introduced today – the Keep Americans Warm Act of 2007 would also increase funding to LIHEAP by $1 billion

Selling Your Home In A Down Market

When Doreen Cardin first put her house on the market, she was hopeful that the house would find a buyer right away. Cardin's husband, a mechanic, was unable to work. The loss of an income had proven tough for the young couple, who live 20 miles north of Seattle. They needed the money.

Investment Firm Optimistic About Global Housing

London-base global investment company LaSalle Investment Management told clients that the outlook for global real estate is strong, despite recent turbulence in the U.S. market and debt markets in general.

Subprime Woes Hit Buyers With Good Credit

The assumption that the subprime mortgage crisis is limited to buyers with poor credit is mistaken, according to an analysis prepared for The Wall Street Journal, which examined more than $2.5 million in subprime loans made since 2000.

MBA Hails Paulson’s Plan for Tax Exempt Bonds for Mortgage Refis

Washington, DC - December 3, 2007 - Kieran P. Quinn, CMB, Chairman of the Mortgage Bankers Association (MBA) applauded a proposal unveiled today by Treasury Secretary Henry Paulson to expand tax-exempt qualified mortgage bond programs to refinance existing loans. Under current law, these tax exempt bond programs can only be used to support purchase loans.

Americas Watchdog Simplifies The Mortgage Process With A Free How To Guide To Finance...

Americas Watchdog along with its Homeowner Consumer Center have just come up with a free and easy to understand guide, designed to help every homeowner with the mortgage process

Ten Priciest U.S. Home Sales Of 2007

Now that Alex Rodriguez has agreed to a new $275 million contract with the New York Yankees, the word in Manhattan real estate circles is that a $39 million East 80th Street townhouse may be in his future.

New HUD data shows program has helped 33,000 homeowners prevent foreclosure in three months

WASHINGTON - December 3, 2007 - In response to the Bush Administration's plan to help families avoid foreclosure, tens of thousands of homeowners are refinancing their exotic subprime loans with HUD's new government-backed mortgage product. HUD Secretary Alphonso Jackson today announced that more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government-insured foreclosure avoidance initiative created in September.

When It Comes to Remodeling, It’s What’s Outside That Counts, Realtors(R) Report

WASHINGTON, December 03, 2007 - Many buyers judge a house by its exterior, or so it seems from the results of the 2007 Remodeling Cost vs. Value Report. Three of the four projects with the highest national percentage of costs recouped this year were exterior upgrades.

Senator Clinton Calls for Immediate Action to End Foreclosure Crisis

Washington, DC - Senator Hillary Rodham Clinton today sent the following letter to Treasury Secretary Henry Paulson calling for needed steps to end the foreclosure crisis.

Remarks by Secretary Paulson on Actions Taken and Actions Needed in U.S. Mortgage Markets...

Washington, DC- December 3, 2007 -Thank you, John. The Office of Thrift Supervision plays an important role in our financial system, and I appreciate your leadership at this agency. Thanks, also, for hosting this second national housing forum and providing a timely opportunity for me to give an update on the U.S. economy and mortgage markets. I mention timeliness because housing issues are affecting citizens all across the country, and because Congress returns to Washington today. In the final days of this congressional session, there is much that Congress can do to help America's homeowners

Community Development Block Grant Program – CDBG

The Community Development Block Grant (CDBG) program is a flexible program that provides communities with resources to address a wide range of unique community development needs. Beginning in 1974, the CDBG program is one of the longest continuously run programs at HUD. The CDBG program provides annual grants on a formula basis to 1180 general units of local government and States.

4 Free Ways to Maximize Your Marketing Reach

If you’ve got a Web site, you’ve likely spent time and money trying to drive more traffic to your site. Maybe you’ve tried different strategies for search engine optimization, which typically focus on clever use of keywords to increase the chances your site will place high in search results.

House Approves Disaster Insurance Legislation

The House of Representatives on Thursday approved a bill that would help protect insurance markets in disaster-prone states from suffering devastating losses in the event of a catastrophic natural disaster.

Majestic Properties Launches A Nationwide Developer Tour Entitled: Global Property Showcase

On November 26, 2007, Global Property Showcase (GPS) will kick off a new exposition dedicated to bridging the gap between worldwide developers and consumers looking to purchase quality and amenity-rich real estate. This multi-city program will educate investors, 2nd-home buyers and property seekers to the various locales being represented with each global project, and of course, showcase each development in depth. Significant discounts will be given to those in attendance. The showcase is designed to engage (an expected 1,000 attendees in total) and provide guests with valuable insights and opportunities that serve to enhance their property portfolios.

Ariz.: Selling Students on Real Estate Investing

Using the multi-level marketing techniques made popular by Amway, Nouveau Riche University is selling real estate investment classes and a host of related products and services to would-be tycoons.

Atlanta-Based Federal Home Loan Bank Upped Cash Flow to Countrywide by 77 Percent In...

WASHINGTON, DC — With Countrywide Financial Corp. increasingly turning to the Federal Home Loan Bank (FHLB) system for cash advances to stay afloat as other liquidity sources shun the company, U.S. Senator Charles E. Schumer (D-NY) urged the overseer of the federally-supported bank network to probe the underlying risk of Countrywide’s collateral and to issue new, system-wide regulations to reduce the banks’ exposure to risky or predatory loans.

House Prices Weaken Further In Most Recent Quarter

Washington, DC, November 29, 2007 – For the first time in nearly thirteen years, U.S. home prices experienced a quarterly decline. The OFHEO House Price Index (HPI), which is based on data from sales and refinance transactions, was 0.4 percent lower in the third quarter than in the second quarter of 2007.

U.S. National


How regular cleaning impacts the final sale price of a house on the market...

National
Canada has a competitive marketplace when it comes to homes for sale. Even with a higher cost, people are still continuing to buy houses. If you are a resident in Canada and thinking of selling your house, you have to take action to ensure that your home looks at its very best so it will look appealing to attract more potential buyer.

4 Home Renovation Safety Hazards & How to Avoid Them

National
Home renovation can be an exciting time to make improvements to your house, but it also comes with certain risks. A modern house is a large, complex edifice, complete with utilities that make our lives easier but also pose safety hazards.
BHGRE-Winans

Better Homes and Gardens Real Estate Winans Empowers Home Sellers with iBuyer Platform

National
Real estate powerhouse Better Homes and Gardens Real Estate Winans announces the launch of their Flex MoveTM Program. With Flex Move, homeowners get multiple instant offers on their home with the push of a button and can easily compare iBuyer

FOLLOWING SENATE DEM REQUEST, FEDERAL WATCHDOG SAYS THEY WILL INVESTIGATE TRUMP ADMIN’S EFFORTS TO...

National
 Senate Democrats today announced that the U.S. Government Accountability Office (GAO) will investigate the Trump administration’s efforts to use eminent domain
NHC

Statement on GSE hearing from David M. Dworkin, president and CEO of the National...

National
“Today’s hearing made significant progress on the path to housing finance reform. While there was plenty of disagreement, there was also important alignment around essential issues of a bipartisan deal that has eluded Congress in the past.
CHA

Chicago Housing Authority joins partners to break ground for Sarah’s On Sheridan Apts.

National
Chicago Housing Authority officials this week joined Sarah’s Circle, the City of Chicago Department of Housing, and development partners to break ground for Sarah’s on Sheridan Apartments in the Uptown community

Financial Considerations When Flipping Houses

National
Thinking of getting into the business of flipping houses? Whether you’re looking for a passive income source or an opportunity to quit your full-time job, real estate investing can create quite the platform to accomplish this. However, in order to get from point a (buying a property and renovating) to point b (selling and collecting your profit), there are a lot of financial aspects you’ll have to cover.
FEMA

Don’t wait for disaster to happen: Insure your home against flood damage

National
Flooding is the most common and costly natural disaster in the United States, and nearly every major Texas city is vulnerable to hurricanes or sits in “Flash Flood Alley,” one of the most flash flood-prone areas in the nation.
MBA

MBA Forecasts Record Commercial/Multifamily Mortgage Originations and Multifamily Lending in 2019 and 2020

National
The Mortgage Bankers Association (MBA) forecasts that commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year
NAR

Realtors® Applaud White House Efforts to Advance Fannie, Freddie Reform Discussions

National
National Association of Realtors® President John Smaby issued the following statement commending the Trump administration for its efforts to reform America’s housing finance system.
NIBS

Bringing Women Executives in Building Together: NIBS to Host Inaugural Event in October

National
The National Institute of Building Sciences is hosting its first annual Women Executives in Building Summit on Oct. 4. The event is being held at the headquarters of the National Restaurant Association in Washington, D.C.
Ginnie Mae

Ginnie Mae reinstates NewDay USA and Sun West Mortgage Company to participation in multi-Issuer...

National
Ginnie Mae announced that it has removed the previously announced restriction limiting NewDay USA and Sun West Mortgage Company, Inc. to Ginnie Mae II custom pools for VA single

New support includes $1.5 million to secure downtown home for Minnesota Museum of American...

National
The John S. and James L. Knight Foundation today announced $2.15 million in new investments focused on establishing downtown as a place for community, creativity and inclusive economic growth.
Appraisal Institute

Appraisers Can Help Clients Navigate Natural Disasters, Appraisal Institute Says

National
In the aftermath of a natural disaster, such as a hurricane, appraisers can help their clients by providing expert market analysis, according to the nation’s largest professional association of real estate appraisers
NHC

National Housing Conference statement on Trump administration’s plan for the future of Fannie and...

National
The Trump administration’s housing finance reform plan “has many roads, but there is a viable path forward if Congress is engaged in true bipartisan change. If taken, we can finally move forward with a housing finance system that serves

Don’t Disrupt Lending or Increase the Cost of Housing: Civil Rights Coalition Warns Against...

National
Yesterday, in response to a Presidential Memorandum on Federal Housing Finance Reform, the U.S. Department of Treasury and U.S. Department of Housing & Urban Development released

SENATE DEMOCRATS URGE PRESIDENT TRUMP TO PUSH FOR ACTION AGAINST NORTH KOREA FOR VIOLATION...

National
U.S. Senate Democratic Leader Chuck Schumer (D-NY), U.S. Senate Committee on Foreign Relations Ranking Member Bob Menendez (D-NJ), U.S. Senate Democratic Whip Dick Durbin
Marissa Kasdan

Marissa Kasdan, Director of KTGY’s R+D Studio, Relocates to Firm’s Tysons, Va. Office to...

National
Marissa Kasdan, director of KTGY’s R+D Studio, has relocated from KTGY Architecture + Planning’s Irvine, California office to the firm’s Tysons, Virginia office where she is expanding the nationwide scope of KTGY’s R+D Studio
VA

VA to award more than $30 million in new grants to support formerly homeless...

National
The U.S. Department of Veterans Affairs (VA) will award $30 million under the new Grant and Per Diem (GPD) program Oct. 1, to 128 organizations to provide wraparound supportive services to Veterans who were previously homeless or at-risk of losing their housing
Habitat

Habitat for Humanity: Presidential debates must address housing affordability

National
More than 100 Habitat for Humanity organizations throughout the country are calling on debate organizers and presidential candidates to address the nation’s urgent housing affordability needs

U.S. States


5 Popular Spots To Visit in Riverside, California.

National
If you're in California, you need to visit Riverside. Here's why. The largest city in the area of California known as the 'Inland Empire,' Riverside is a popular destination for people looking to escape the big city life of Los Angeles. Some sixty miles east, Riverside features beautiful architecture, a vibrant downtown area, and stunning views from its many mountain hikes

FEMA Awards Lake County More Than $2.2 Million for Hurricane Irma Expenses

Florida
FEMA has approved $2,202,339 for the State of Florida to help Lake County defray the costs of debris removal for Hurricane Irma under FEMA’s Public Assistance Program. FEMA funds will reimburse the county for the collection, reduction, disposal and site management of debris within Lake County between Sept. 18
USDOJ

Justice Department Resolves Claims that California Loan Modification Service Providers Discriminated Against Hispanic Homeowners...

California
The Department of Justice today announced a series of settlements to resolve allegations that several California-based mortgage loan modification service providers engaged in national origin discrimination in violation of the federal Fair Housing Act
Center for Biological Diversity

San Diego Lawsuits Challenge Sprawl Development in High-risk Fire Zone

Conservation organizations sued San Diego County today for approving Otay Ranch Village 14, a sprawl development that will pave over hundreds of acres of habitat for golden eagles and other imperiled wildlife and build new homes in one of California’s most dangerously fire-prone areas.
Enterprise Community Partners

Hurricane Harvey Relief Program to Assist Even More Families Thanks to Follow Up Grant...

Texas
The Rebuild Texas Fund has awarded the Texas State Affordable Housing Corporation (TSAHC) and Enterprise Community Partners (Enterprise) a $1.1 million follow-up grant to support the Housing and Economic Assistance to Rebuild Texas (HEART) Program. HEART
NYU Furman Center

NYU Furman Center and Abt Associates Announce Inaugural Cities Selected for Local Housing Solutions

New York
The NYU Furman Center and Abt Associates announced today the cities of Atlanta, Minneapolis, Philadelphia, and San Antonio as the first cohort selected to participate in the inaugural Local Housing Solutions Institute
NHC

Wells Fargo and a FHLBank of New York leader join NHC’s Board of Governors

New York
The National Housing Conference (NHC), the nation’s oldest, affordable housing coalition, announced that, Kimani Little of Federal Home Loan Bank of New York and Connie Wright of Wells Fargo has joined NHC’s Board of Governors
NAR

Existing-Home Sales Ascend 2.5% in May

National
Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®.

Woman Arrested for Defrauding Homeless Individuals and a Nonprofit Serving the Homeless

California
SACRAMENTO, Calif. — (RealEstateRama) — Sherwana Lynn Marcus, also known as Sherwana Granderson and Sherwana Santana, 47, was arrested today on a 36-count federal...

CSD Awards $4.4 Million for California’s First Low-Income Community Solar Projects

California
The California Department of Community Services and Development (CSD) today announced final awards totaling $4.4 million to GRID Alternatives for two Community Solar Pilot projects in Contra Costa and Riverside Counties.
NLCHP

Los Angeles Homeless Services Authority (LAHSA) Adopts New Guiding Principles and Practices for Unsheltered...

California
On February 28, the Los Angeles Homeless Services Authority (LAHSA) adopted new policy that calls for decriminalizing life-sustaining survival actions of the more than 40,000 Los Angelenos who are experiencing unsheltered homelessness
EPA

Three Communities in Mississippi to Receive Brownfield Grants to Address Contaminated Properties

Mississippi
The U.S. Environmental Protection Agency (EPA) selected 149 communities across the country including three in Mississippi to receive funding for brownfield site revitalization to help local governments redevelop vacant and unused properties
FEMA

Port Aransas ready for return of summer tourism

Texas
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
Merri Jo Cowen - headshot

My Florida Regional MLS Becomes Stellar MLS

My Florida Regional MLS, the nation’s third-largest Multiple Listing Service, officially becomes Stellar MLS today and will also debut its new site, StellarMLS.com. Introducing a “curated customer journey” for each of its nearly 60,000

$50 MILLION FOR WHITEHOUSE’S COASTAL RESILIENCY FUND INCLUDED IN DISASTER RELIEF BILL

Rhode Island
U.S. Senator Sheldon Whitehouse today announced that the disaster relief bill passed by the Senate yesterday evening includes $50 million for the National Coastal Resilience Fund to restore and strengthen the natural infrastructure that protects coastal communities while safeguarding wildlife habitats.

San Francisco 49ers Partners with Operation HOPE to Empower Bay Area Communities with Financial...

California
Operation HOPE and the San Francisco 49ers announced today a partnership to bring credit and money management coaching and education to underserved Bay Area communities at no cost to participants. The 49ers is the first team to offer the HOPE Inside program as part of the National Football
getting security deposit back

How to Get Your Apartment Security Deposit Back

Texas
If your a renter, then you surely are aware that almost all apartments will require a security deposit when you move in your new rental. This is not to be used as an administration fee,  or to pay your rent. In fact, if you follow the terms of your apartment
SEIA

Solar Industry Urges Gov. Abbott to Extend Tax Abatement Program

Texas
The solar industry voiced support for the Texas House of Representatives for passing a 10-year extension of Chapter 312, a section of tax code that enables property tax abatements for companies bringing new investment and jobs to Texas. The legislature sent this tax abatement extension that includes renewable energy provisions to Governor Abbott for signature
DOI

Secretary Bernhardt Announces $106.8 Million for Recreation, Wildfire, Other Public Lands Projects in Nevada...

California
U.S. Secretary of the Interior David L. Bernhardt announced the commitment of more than $106.8 million to support 47 public lands projects throughout Nevada and the California side of the Lake Tahoe Basin. These projects, which encompass a broad range of recreation improvements, wildlife habitat conservation
FEMA

FEMA Awards More Than $1.2M in Public Assistance Grants

Florida
FEMA has approved $1,259,146 to the State of Florida to assist 14 eligible applicants with reimbursement for eligible costs of debris removal, emergency protective measures, temporary facilities and permanent repairs for Hurricane Michael under FEMA’s Public Assistance Program.

Popular


NAHB

New Home Sales Decline in May

National
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
DOI

$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving

National
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
FEMA

Port Aransas ready for return of summer tourism

Texas
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs - Eight Major Awards

OJO Labs: Five Months, Eight Major Awards

National
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Property on Airbnb

Should I Rent Out my Property on Airbnb?

National
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
Rockefeller Foundation

The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...

National
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
PaulineWeaver

Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...

National
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
VA

VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers

National
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
Merri Jo Cowen - headshot

A Stellar Idea: My Florida Regional MLS Reimagines the Multiple Listing Service

The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
HUD - U.S. Department of Housing and Urban Development

NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE

National
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019

Department of the Interior: Yakima Water Plan Is a “Model” and “Holistic”

Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”

Energy Costs to Cook Thanksgiving Meal Up to 25% Lower in 2015

“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer

Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound

Department Enters into Consent Order with Equity Loans, LLC and its owners Eduardo Gutierrez...

Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act

Business Real Estate Press Releases

Vulcan Cladding Systems

BUILDING DESIGN AND ARCHITECTURE

Architecture shapes our society and is largely influenced by economy, culture, and technology. Architects and building designers are responsible for the built environment, they are creators, and visionaries. But what really goes into Architecture and Building Design?

Recent Gov & Nonprofit Real Estate Press Releases

Vulcan Cladding Systems

BUILDING DESIGN AND ARCHITECTURE

Architecture shapes our society and is largely influenced by economy, culture, and technology. Architects and building designers are responsible for the built environment, they are creators, and visionaries. But what really goes into Architecture and Building Design?