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J.P. Morgan Selected by True North Management Group for Real Estate Fund Administration

NEW YORK, NY - November 16, 2010 - (RealEstateRama) -- J.P. Morgan Worldwide Securities Services today announced that it has been appointed by True North Management Group LLC to provide real estate fund administration services for its True North High Yield Investment Fund II which closed in April 2010 with $330 million of equity commitments and is expected to finish with $500-$600 million of equity commitments.

SL Green Inks 142,000 Square Feet Of New Leases Within 30 Days

New York, NY - November 16, 2010 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) announced today that leases covering 141,887 square feet with new or expanding tenants have been signed within the past 30 days

ATTORNEY GENERAL JOINS MULTISTATE REVIEW OF FORECLOSURES

LITTLE ROCK, AR - November 16, 2010 - (RealEstateRama) -- Attorney General Dustin McDaniel today announced that he has joined a multistate review into possibly improper practices within the mortgage service industry.

Register Today for MBA’s 3rd Quarter 2010 National Delinquency Survey (NDS) Conference Call

WASHINGTON, D.C. - November 16, 2010 - (RealEstateRama) -- Conducted quarterly since 1972, MBA's National Delinquency Survey covers more than 40 million loans on one-to-four-unit residential properties, representing more than 80 percent of all first-lien residential mortgage loans outstanding in the United States.

Mortgage Cadence Becomes a First to Offer Integration with Fannie Mae EarlyCheck™

November 16, 2010 - (RealEstateRama) -- Mortgage Cadence, LLC, a leading provider of Enterprise Lending Solutions (ELS), Loss Mitigation Technology and Document Services for the financial services industry, announces the direct integration with EarlyCheck in support of Fannie Mae’s Loan Quality Initiative (LQI). EarlyCheck provides users with access to Fannie Mae’s data checks at any point in the lender’s business process. Validating critical data prior to delivering a loan to Fannie Mae provides increased certainty for the lender and ultimately reduces funding and pooling delays after submission

Bank of the Ozarks and FHLB Dallas Award Affordable Housing Grant to Assist Housing...

FAYETTEVILLE, AR - November 16, 2010 - (RealEstateRama) -- A $55,000 Affordable Housing Program (AHP) grant from Bank of the Ozarks and the Federal Home Loan Bank of Dallas (FHLB Dallas) will assist the Fayetteville Housing Authority with much needed repairs to apartments for very low-income residents.

1Casa Real Estate Agency – Offers Cheap Spanish Properties like Business, Villas and Bar...

Malaga, Spain - October 3 - (RealEstateRama) -- 1Casa real estate agency provides Spanish Property for Sale including Off Plan, Spain Villas, Apartments, business, Coastal and Commercial Properties in Spain. It especially soled property in Malaga and G...

Local real estate can be influenced by national market

Forecasting the Upstate's real estate market is best determined by local data that focuses on the supply of houses that are entering the market. Real estate is local -- meaning there is no such thing as a national real estate market.

Federal Deposit Insurance Corporation Stresses Importance of Managing Commercial Real Estate Concentrations

The Federal Deposit Insurance Corporation (FDIC) has issued a letter re-emphasizing the importance of strong capital and loan loss allowance levels, and robust credit risk-management practices for state nonmember institutions with significant concentrations of commercial real estate (CRE) loans, and construction and development loans.

Single-Family Housing Starts Decline 6.7 Percent In February

March 18, 2008 - Single-family housing starts continued on a downward trajectory in February, posting a 6.7 percent decline to a seasonally adjusted annual rate of 707,000 units, according to figures released today by the U.S. Commerce Department. Meanwhile, production in the more volatile multifamily sector registered a 14.4 percent gain to 358,000 units, limiting the decline in total housing starts to a rate of 1.065 million units -- 0.6 percent below the revised January pace.

Builder Confidence Remains Unchanged In March

March 17, 2008 - Builder confidence in the market for new single-family homes remained unchanged in March, according to the latest NAHB/Wells Fargo Housing Market Index (HMI), released today. The HMI held firm at 20, which is near its historic low of 18 set in December of 2007 (the series began in January of 1985).

HUD proposes mortgage reform to help consumers better understand their loan, shop for lower...

WASHINGTON – In an effort to significantly improve the complicated, unclear and costly homebuying process, U.S. Housing and Urban Development Secretary Alphonso Jackson today proposed mortgage reform designed to help consumers better understand their loan terms so that they can shop more effectively for the largest purchase of their lives.

Foreclosure Activity Decreases 4 Percent in Februrary

RealtyTrac today released its February 2008 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 223,651 properties nationwide during the month, a 4 percent decrease from the previous month but still a nearly 60 percent increase from February 2007. The report also shows one in every 557 U.S. households received a foreclosure filing during the month.

FDIC Advisory Committee on Economic Inclusion to Examine Asset-Building Opportunities for Individuals and Banks

The FDIC Advisory Committee on Economic Inclusion (ComE-IN) will meet on March 19th to explore saving and asset-building opportunities for individuals and banks. The committee will hear from a panel of experts, who will address:

Industry Thwarts Action on Bill to Stop Foreclosures and Strengthen Economy

February 29, 2008 - Yesterday the mortgage lending industry successfully stopped a Senate bill, "The Foreclosure Prevention Act" from moving forward. This bill (S. 2636) includes key provisions that would prevent well over 1/2 million foreclosures and avoid property declines of $200 billion.

Urgent Fixes Needed in the Federal Section 8 Housing Program to Avoid Loss of...

WASHINGTON, DC - Tens of thousands of affordable housing residents are at risk of losing their housing unless Congress acts to force changes at the U.S. Department of Housing and Urban Development (HUD).

Home Buyer Tax Credit Won’t Fix the Foreclosure Crisis

HOME BUYER TAX CREDIT WON'T FIX THE FORECLOSURE CRISIS AND WON'T KEEP PEOPLE IN THEIR HOMES Congress Should Focus on Restructuring Mortgages, Not on Housing Oversupply

America’s Rapidly Rising Foreclosure Areas

Though delinquencies continue to mount in Detroit, Stockton, Calif., and Las Vegas, markets where the number of foreclosures are relatively low, but rapidly rising, are also causing concern

Fundamentals Holding in Commercial Real Estate

WASHINGTON, March 12, 2008 - Commercial real estate market fundamentals are fairly stable, although investment is waning following a record year in 2007, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors

Builder Confidence In Condo Market Declines Again

March 11, 2008 - The Multifamily Condo Market Index (MCMI) ended 2007 on a low note, with the component of the index tracking builder confidence in current conditions standing at 18.8, down nearly 11 points from the same time a year ago, according to the National Association of Home Builders (NAHB)

U.S. National


FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

National
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.
NAR

“NAR en Español” Reflects Growing Spanish-Speaking Membership, Expanding Global Reach

National
As its Spanish-speaking membership grows at an increasingly rapid pace, the National Association of Realtors® hosted a session fully in Spanish as part of the 2019 REALTORS® Conference & Expo.
ASE

Alliance Welcomes Efficiency Incentives In Energy Tax Bill

National
WASHINGTON - RealEstateRama - The Alliance to Save Energy released the following statement from President Jason Hartke on the Growing Renewable Energy and Efficiency...
ABC National

Construction Input Prices Unchanged in October, Says ABC

National
Construction input prices remained unchanged on a monthly basis in October but are down 2.2% year-over-year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
AGC

Construction Employment Increases In 41 States And D.c. From October 2018 To October 2019,...

National
WASHINGTON, D.C. - RealEstateRama - Texas and Nevada Have Biggest Number and Percent of Annual Job Gains, Louisiana Has Largest Losses; Florida, Montana, Rhode Island...
Enterprise Community Partners

Nonprofit developer CPDC, Enterprise, and Bank of America team up with government and for-profit...

National
Washington, D.C.’s affordable housing industry is well known for collaborative financing projects. However, the latest preservation project at Randle Hill Apartments
NAR

NAR Responds to 12-Year High Capital Reserve Ratio in FHA Congressional Report

National
National Association of Realtors® President Vince Malta issued the following statement after the Federal Housing Administration released its 2019 Annual Report to Congress
NYU Furman Center

New York City Residential Eviction Filings Decline

National
The NYU Furman Center released a brief today showing an overall decline in residential evictions filed in New York City Housing Court between 2010 and 2017.
DOE

DOE Announces $15 Million to Deploy Energy Infrastructure on Tribal Lands

National
The U.S. Department of Energy (DOE) announced up to $15 million in new funding to deploy energy infrastructure on tribal lands. This funding through DOE’s Office of Indian Energy Policy and Programs
How To Negotiate Real Estate Agent

How To Negotiate Real Estate Agent’s Commission

National
There are three key people involved in home sales – the buyer, seller and the middle man or who we refer to professionally as a real estate agent. Each of the trio expects to get something from the transaction.
MBA

CMBS Market Plays a Significant Role in Commercial/Multifamily Real Estate Finance

National
The Mortgage Bankers Association (MBA) today released a new white paper, Role of CMBS in the Financing of Commercial and Multifamily Real Estate in America
Ginnie Mae

Ginnie Mae’s Director of MBS Policy and Program Development to Speak at Rewired Conference

National
Angel Hernandez, Ginnie Mae’s Director of MBS Policy and Program Development, will outline the corporation’s progress in the development of a digital mortgage solution framework
NAHB

Builder Confidence Holds Firm in November

National
Builder confidence in the market for newly-built single-family homes edged one point lower to 70 in November, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
Top 4 Places to Buy a Second Home

Top 4 Places to Buy a Second Home in the US

National
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
What is my BFE

What Is My BFE and What Does It Mean for My Home?

National
What is the likelihood that you could experience dramatic flooding from storm surges or rising sea levels? Do you know? If you live near a body of water, then you need to ask, "What is my BFE?"
HVAC Inspection

Here’s Why You Need to Get an HVAC Inspection Before You Buy a Home

National
When you're trying to do right by your home, one of the best things you can do is take care of the heating and cooling system. Rather than only focusing on maintenance, you should also key in on the HVAC system while shopping around for a house.
Buying Abandoned Storage Units

How to Make Money Buying Abandoned Storage Units

National
There are almost 50,000 self-storage facilities scattered across the country right now. There are actually more of these facilities in the U.S. than there are McDonald's restaurants (and it's not even close!).
Foreclosure Process

When the Hammer Falls: A Look Into the Foreclosure Process

National
Have you wondered what the process is for a foreclosure on a property? According to Attom Data, 362,275 homes in the U.S. foreclosed last year.
Appraisal Institute

Appraisal Institute Premieres Solar Photovoltaic Seminar

National
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, premiered a four-hour classroom seminar on developing the value
MBA

Mortgage Credit Availability Increased in October

National
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA)

U.S. States


Top 4 Places to Buy a Second Home

Top 4 Places to Buy a Second Home in the US

National
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
Carol Corden cuts the ribbon

Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...

New York
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...

National
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out

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®.

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

Recent Gov & Nonprofit Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.