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Rep. Maloney: Widespread Private Sector Job Losses Indicate Housing/Credit Spillover

WASHINGTON, DC - January 4, 2008 - Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today regarding the Bureau of Labor Statistics’ December 2007 employment situation

As Winter Heating Costs Spike, Alliance to Save Energy Advises Using Energy Efficiency to...

Washington D.C, January 2008 – Already, many parts of the country are facing severe winter weather, although the season began only recently. And with average heating costs across the nation spiking about 11 percent over last winter’s, the Alliance to Save Energy recommends energy-efficiency measures to help consumers cut home energy bills, increase indoor comfort, and reduce power plant emissions that contribute to climate change.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

Best and Worst Places for Home Inspection

ASHI Reveals its 2007 State Rankings: Louisiana, New Jersey and Arizona Retain Top Three Spots for Protecting Consumers; Homeowners in Florida, Pennsylvania and California Beware

Centerline, Freddie Mac Complete $2.8B Bond Portfolio Securitization

New York, NY – Centerline Holding Company (NYSE: CHC), the parent company of Centerline Capital Group (Centerline or the Company), and Freddie Mac (NYSE: FRE) announce completion of a securitization of Centerline's $2.8-billion tax-exempt affordable housing bond portfolio with Freddie Mac. The transaction closed December 27, 2007.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

Orleans Homebuilders Announces Strategic Disposition of Certain Land Positions

Orleans Homebuilders, Inc. (Amex: OHB) announced today, that it closed nine transactions to dispose of approximately 1,400 lots, within five states prior to its December 31st taxation year end. The Company separately executed option agreements on approximately 350 lots in two communities in different states, for a net decrease in its owned and controlled lot count of approximately 1,050 lots.

Freddie Mac Purchases $198 Million Capmark Mortgage Pool

McLean, VA - December 31, 2007 - Freddie Mac (NYSE:FRE) announced that it has purchased a $198 million pool of cross-collateralized, cross-defaulted mortgages from Capmark Finance, Inc (Capmark Finance). Freddie Mac put together a flexible financing solution for the borrower, Capri Capital Partners, LLC, that met its tight timeline to acquire Capri Apartments.

Live Demonstrations will be Focus of SIPA Village Exhibit at International Builders’ Show

ORLANDO, December 28, 2007 - Builders looking to learn how to build green homes with structural insulated panels can get their questions answered at the Structural Insulated Panel Association’s “SIPA Village” exhibit at International Builders’ Show, February 13-16, in the Orange County Convention Center.

Newly Launched Mortgage Relief Formula Helps Homeowners Stop Foreclosure, Lower Payments Without Getting New...

More homeowners are turning to the newly launched Mortgage Relief Formula for do-it-yourself secrets of stopping foreclosure and getting out of crushing mortgage debt. New Mortgage Relief Formula home study course reveals secrets of how to get mortgage lenders to lower their payments without refinancing. Homeowners learn how to sell their own house in days, without a broker, and how to sell when they owe more than their house is worth

National Home Prices Face Modest Decline

While some housing markets in Florida, Nevada, and California have had sharp declines, nationally home prices have been far less dramatic.

NAR Says Terrorism Insurance Law Will Protect Commercial Market

WASHINGTON, Dec. 27 /PRNewswire-USNewswire/ -- The commercial real estate market and the health of the nation's economy as a whole will benefit from the reauthorization of the federal government's terrorism risk insurance program, which President George W. Bush signed into law yesterday.

Easy-to-Use Videos Turn Homes into Stars

Users of VizzVox say the online solution for creating commercials and short movies enables them to appeal more to the real estate fantasies of potential buyers, unlike real estate postcards and Sunday open houses.

How to deal with unreasonable clients

Is there a mismatch between your clients’ expectations and the reality of your local market? It’s your job to bring them back to reality.

Bush Administration announces record $1.5 billion to support homeless programs nationwide

WASHINGTON, December 21, 2007 - A record number of local homeless programs across America will receive an unprecedented $1.5 billion in Continuum of Care grants announced today by the U.S. Department of Housing and Urban Development. This historic-level funding will offer transitional and permanent supportive housing to more than 168,000 homeless individuals and families.

Statement on President Bush’s Signing of Mortgage Forgiveness Debt Relief By NAR President Richard...

WASHINGTON, December 20, 2007 - “On behalf of the many individuals and families who would have been burdened by a tax after losing their home, the National Association of Realtors® thanks President George W. Bush for signing the Mortgage Forgiveness Debt Relief Act into law.

MHI Vigorously Opposing Freddie Mac’s Tax on Homeownership

Arlington, Va., Dec. 20, 2007 – The Manufactured Housing Institute (MHI) vigorously opposes Freddie Mac’s recent announcement that, as of March 1, 2008, it will be charging an additional “delivery fee” to lenders to purchase manufactured home mortgages of 50 basis points (or 0.5 percent of the loan balance). This delivery fee will be added to the current penalty of 0.5 percent of the loan balance that they already charge for manufactured home mortgages.

Foreclosures up 68 percent from last year

Foreclosure rates for November 2007 were 68 percent higher compared to the same month a year ago, mostly due to subprime borrowers with adjustable-rate mortgages being unable to cope with the higher payment rates, mortgage research company RealtyTrac said Wednesday.

President signs mortgage forgiveness bill

President Bush signed a bill Thursday that would temporarily change the tax code so that when lenders adjust the terms of a mortgage loan, the forgiven debt will not be treated as taxable income.

The Beehive Helps Vulnerable and First-Time Homebuyers Buy Smart & Fight Foreclosure

WASHINGTON, Dec. 19 /PRNewswire/ -- Increasing rates of homeownership is good for everybody -- boosting neighborhood investment, building assets, and strengthening community ties. At a time when working families across the country are losing their homes at an astounding pace, homeowners and prospective buyers need help to navigate this increasingly complicated process.

U.S. National


NAR

Locations Close to Public Transit Boost Residential, Commercial Real Estate Values

National
Neighborhoods located within a half-mile of public transit services outperformed those in areas farther from public transit based on a number of factors, according to a report released today by the American Public Transportation Association(link is external) and the National Association of Realtors®.
Mayor Muriel Bowser

Mayor Bowser to Celebrate the Transformation of Grimke School into New Housing and Renovated...

National
On Thursday, October 17, at 4 pm, Mayor Muriel Bowser will break ground on the redevelopment of the former Grimke School, a mixed-use site in Ward 1 that will deliver 68 homes, including 21 affordable units
U.S. Department of the Treasury

United States and Republic of Korea Sign Framework to Strengthen Infrastructure Finance and Market...

National
The United States and Republic of Korea today signed a Memorandum of Understanding (MOU) to Strengthen Infrastructure Finance and Market Building Cooperation. The Memorandum, signed by U.S. Secretary of the Treasury Steven T. Mnuchin and Korean Deputy Prime Minister and Finance Minister Hong Nam-ki
MBA

September New Home Purchase Mortgage Applications Increased 34.2 Percent

National
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2019 shows mortgage applications for new home purchases increased 34.2 percent compared to a year ago.
Ginnie Mae

Ginnie Mae Conference Call to Provide Leadership Transition Update

National
Ginnie Mae will host a conference call on Wednesday, October 16, 2019 at 5:00 p.m. EST to update the mortgage finance and investor communities regarding the recent leadership transition at the agency.

BLM AUTHORIZES SWAN LAKE LAND USE FOR PUMPED STORAGE PROJECT NEAR KLAMATH FALLS

National
The Bureau of Land Management (BLM) issued a right-of-way grant (ROW) today that allows for the construction of various facilities on 711 acres east of Klamath Falls, Oregon. In its entirety, the Swan Lake North Pumped Storage Hydroelectric Project would occupy about 711 acres of land managed by the BLM
NAHB

Remodelers’ Confidence Holds Steady in Third Quarter of 2019

National
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the third quarter of 2019, remaining stable from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers
NAHB

Builder Confidence Hits 20-Month High

National
Builder confidence in the market for newly-built single-family homes rose three points to 71 in October, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
NAHB

Single-Family Housing Starts Hold Firm in September

National
Due to a decline in multifamily housing starts, total housing starts fell 9.4 percent in September to a seasonally adjusted annual rate of 1.26 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department
Buchanan Park_sm

KTGY’s Designs and Innovation Honored at 2019 Great American Living Awards (GALA)

National
GALA Awards recognize KTGY's wide range of capabilities, excellence and innovation in the design of attached and detached single-family and multifamily residential communities.

6 Ways Technology is Changing the Way You Buy a Home

National
Technology has had a massive impact on everything from music to banking and it is starting to make an impact on real estate. A recent study indicated that just under 50 percent of would-be buyers prefer to search for houses online. But this is just the tip of the iceberg as new applications are helping to reinvent realty at the right price and here are six ways technology is changing the way you buy (or sell) a home.

8 Things to Look Out for When You’re Thinking About Buying a Home

National
Buying a house can be a daunting experience, especially if it’s your first home. You’re getting ready to invest what might be hundreds of thousands of dollars into something you don’t know everything about. Even a seasoned buyer can miss a sign here or there when home shopping, which can result in landing a less-than-stellar deal and the ownership of a money pit.
NAR

Locations Close to Public Transit Boost Residential, Commercial Real Estate Values

National
Neighborhoods located within a half-mile of public transit services outperformed those in areas farther from public transit based on a number of factors, according to a report released today by the American Public Transportation Association(link is external) 
MBA

MBA’s Lisa Haynes Honored as Association CFO of the Year by Association TRENDS

National
Lisa J. Haynes, SVP, Chief Financial Officer and Diversity and Inclusion Officer at the Mortgage Bankers Association (MBA), was presented with the Association CFO of the Year Award by Association TRENDS. Haynes received the award at the Nonprofit CFO of the Year Awards reception in Washington.
Ginnie Mae

Ginnie Mae MBS Outstanding Increases to $2.093 Trillion

National
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $53.517 billion in September, providing financing for more than 207,000 homeowners and renters.
Ginnie Mae

Ginnie Mae Executive Vice President Kasper To Pursue New Opportunity

National
The U.S. Department of Housing and Urban Development (HUD) and the Government National Mortgage Association (Ginnie Mae) today announced Executive Vice President and Chief Operations Officer Maren Kasper will be stepping down on October 18 to pursue an opportunity in the private sector

Lawn Care Guide to Keep Your Grass Healthy

National
Grass grows everywhere, except when you want it to. If you're finding that your lawn is looking a bit sparse or you're getting overtaken with weeks, then you may need to give it some TLC. From over-compacted soil to a lack of nutrients, there are several things you can do to improve the health of your lawn.

The Five Most Surprising Cleaning Tips to Make Your House Sparkle

National
Cleaning the house is a chore and takes up precious time that we could be using to spend with our families and enjoy ourselves! Most of us get cleaning tips from our parents or grandparents, but there are interesting tips you can use to speed up your cleaning, so that you can spend more time having fun!

What You Need to Know About Real Estate Agents in Italy

National
When approaching real estate, one should keep in mind and understand the fact that cultural differences exist and so, you would have to approach them in a different manner. Real estate in Italy isn’t done the way it is in Anglo-Saxon or Northern Europe countries. If you’re from the US in particular, things are different because in the US, an agent represents the seller and a different one represents the buyer.
SanMarcos_sm

CBRE’s Philip D. Voorhees, Reg Kobzi and NRP-West Team Represent Seller and Buyer in...

National
CBRE Vice Chairman Philip D. Voorhees announced this week that the National Retail Partners-West (NRP-West) completed the sale of San Marcos Village in San Marcos, Calif., a grocery/discount-anchored neighborhood center with key access and visibility

U.S. States


BLM NAMES VETERAN LAND MANAGER TO LEAD CALIFORNIA STATE OFFICE

California
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
USDOJ

California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns

California
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns

NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY

New York
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.

Robust U.S economy not a boost for black homeownership

National
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers
DOI

Share Secretary Bernhardt Inspects Key Water and Power Facility in Western Colorado

National
WASHINGTON – U.S. Secretary of the Interior David Bernhardt inspected a key piece of national water infrastructure at Morrow Point Dam, located on the Gunnison...

Laura Derrick named 2019 South Carolina REALTOR® of the Year

National
South Carolina REALTOR® (SCR) member, past president and Realtor® at Coldwell Banker Residential Brokerage in Columbia, was named the association’s 2019 REALTOR® of the Year at its annual conference at the Francis Marion Hotel in Charleston on September 11, 2019.
FEMA

Impacted by Recent Flooding, Tornadoes and Severe Storms? Here’s How to Apply for FEMA...

Mississippi
Mississippi households in eight counties impacted by the storms, straight-line winds, tornadoes and flooding beginning on February 22 and continuing to March 29, 2019 are eligible to apply for federal disaster assistance to help
Miami’s Real Estate Industry

The Wizards of OZ: A Discussion about Opportunity Zone Investment

Florida
Last week CREW Miami (Commercial Real Estate Women) held its September lunch program, The Wizards of OZ hosting a panel of experts who discussed and answered questions about recent Opportunity Zone transactions

August Housing Stats for DC and Montgomery County

National
GCAAR is pleased to present its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Look to GCAAR as your source for comprehensive market data on the Washington, DC metro area market.

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

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

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Locations Close to Public Transit Boost Residential, Commercial Real Estate Values

Neighborhoods located within a half-mile of public transit services outperformed those in areas farther from public transit based on a number of factors, according to a report released today by the American Public Transportation Association(link is external) and the National Association of Realtors®.