ARLINGTON, Va., Nov. 9 /PRNewswire-USNewswire/ -- Recently media attention has been heavily focused on the difficulties home sellers face with the current glut of inventory and the tightening of the sub-prime mortgage market. However, according to a Fall member survey and report from the National Association of Exclusive Buyer Agents, home buyers are also facing new challenges.
Home prices nationwide posted their biggest drop in 16 years last month, according to the National Association of Realtors.
Financial Service Committee Approves Comprehensive Mortgage Reform and Anti-Predatory Lending Legislation
Washington, DC – The House Committee on Financial Services today approved historic bipartisan mortgage reform legislation and anti-predatory lending practices by a vote of 45 to 19. H.R. 3915, the “The Mortgage Reform and Anti-Predatory Lending Act of 2007” will create a licensing system for residential mortgage loan originators, establish a minimum standard requiring that borrowers have a reasonable ability to repay a loan, and will attach a limited liability to secondary market securitizers.
Washington, DC, November 9, 2007 - Today, the Government National Mortgage Association (Ginnie Mae) announced the first issuance of its new Home Equity Conversion Mortgage (HECM) Mortgage-Backed Security (HMBS). The $116 million issuance is the first-ever government-guaranteed mortgage-backed security collateralized by Federal Housing Administration (FHA) insured reverse mortgages (HECM).
WASHINGTON, Nov. 8, 2007 — The House Judiciary Committee has decided to resume consideration next week of a bill that seeks to revise sections of the U.S. Bankruptcy Code and give judges power to modify certain terms in existing mortgages.
Washington, D.C., November 9, 2007 -- Recognizing that immediate assistance is needed for those living near coastal areas who are grappling with skyrocketing property insurance premiums, Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, today introduced two bills to help American homeowners and businesses lessen the financial strain experienced as a result of natural disasters
One of the best ways to live well is to choose a hometown that has access to arts, leisure, and entertainment offerings – plus a low cost of housing.
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.
Innovative and Common-Sense Legislation Eliminates Federal Bailouts and Provide Property Owners Relief by Increasing Acess and Lowering Insurance Rates
COLLEGE STATION, TX, – Nov. 8, 2007 – With new homes springing up across the country, it is easy to forget that the housing market has fallen on hard times. But economist Dr. Mark Dotzour says the continued construction is simply a matter of survival for home builders.
November 8, 2007 -- Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and other members of the Committee, thank you for inviting me here this morning to present an update on the economic situation and outlook.
How do you fix a troubled housing market? Forbes.com asked that question of a broad range of housing experts, including CEOs of real estate firms, real estate practitioners, economists from lending institutions, and research directors at analytics firms. Here are five of their best suggestions.
WASHINGTON, November 7, 2007 -- The Credit Union National Association (CUNA) Tuesday said it supports legislation intended to eliminate predatory mortgage lending practices, but advised that some provisions are "more appropriately tailored" for the mortgage brokerage industry than for depository institutions.
WASHINGTON - November 7, 2007 - The Supportive Housing Investment Partnership, a collaboration between Enterprise Community Partners and the Corporation for Supportive Housing, recently released a comprehensive update on how states are using innovative policies to produce permanent affordable housing with support services to address homelessness.
Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems.
WASHINGTON - For the first time ever, the U.S. Department of Housing and Urban Development is reporting a nearly 12 percent decrease in the number of chronically homeless persons living on the nation's streets. HUD's analysis found that more than 20,000 persons moved from the streets into transitional and permanent supportive housing between 2005 and 2006
Interest in remodeling remains high, but home owners are more conservative about costs in light of declining home prices, a survey of 5,000 U.S. home owners by Remodelestimates.com found.
The Federal Trade Commission today released staff comments to the federal banking agencies – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration – in response to their request for comments on proposed illustrations of consumer information for subprime mortgage lending. In their comments, FTC staff support the agencies’ efforts to develop mortgage disclosures to help subprime borrowers make better informed decisions.
WASHINGTON, November 6, 2007 – Today, Rep. Bennie G. Thompson (D-MS), Chairman of the Committee on Homeland Security, released the following statement of introduction for H.R. 4079, the “Safe and Healthy Emergency Housing Act of 2007”
Washington, D.C., November 1, 2007 -- The Federal Trade Commission today released staff comments to the federal banking agencies – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration – in response to their request for comments on proposed illustrations of consumer information for subprime mortgage lending.
Associated Builders and Contractors reported today that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4% from July 2019, when CBI stood at 8.5 months
LEADER SCHUMER, SENATORS WYDEN AND MENENDEZ, ANNOUNCE SENATE DEMOCRATS WILL FORCE SENATE FLOOR VOTE...
Under The Congressional Review Act, Senate Democrats Can Force A Majority-Threshold Vote Wednesday On The Resolution To Nullify The IRS’s Rule Blocking Homeowners’ Ability To Work Around Harmful GOP Tax Law Caps On SALT Deduction
Existing-home sales receded in September following two consecutive months of increases, according to the National Association of Realtors®. Each of the four major regions witnessed sales
JPMorgan Chase Makes $5 Million Investment to Support Affordable Housing and Small Businesses along...
JPMorgan Chase & Co. today announced a $5 million, three-year commitment to help expand access to economic opportunity for local residents and small business owners along the 16-mile
Demand for distribution facilities is primarily driving growth in the healthy industrial real estate market, according to an article in Valuation magazine’s third quarter 2019 issue.
KTGY Architecture + Planning announced today that the National Multifamily Housing Council (NMHC) has named its five finalists for its 2019 Innovation Challenge competition with KTGY receiving two finalist honors for “Park House | A Housing Solution
Are you a property owner in Maryland? Looking forward to finding out and keep hold of good tenants in your rental houses in Maryland? If yes then you must know the art of figuring out the right tenants and maintaining the positive tenant relations.
The U.S. Environmental Protection Agency (EPA) announced a $20.7 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of Oak Ridge, Tennessee to help finance a new drinking water treatment plant.
The National Association of Home Builders (NAHB) today urged Congress to oppose any federal mandates that require the adoption of more stringent building codes because it would harm housing affordability, prevent healthy competition in the marketplace and may not achieve the intended results
The NYU Furman Center and the Terner Center for Housing Innovation at U.C. Berkeley submitted public comments today arguing that a proposed rule from the U.S. Department of Housing and Urban Development (HUD) ignores the demonstrated harms
GSA Announces Planned Building Purchase in Southeast Federal Center for Department of Transportation Headquarters
The U.S. General Services Administration today exercised the purchase option contained in its current lease for the U.S. Department of Transportation headquarters at 1200 New Jersey Ave SE in the Yards/Southeast Federal Center neighborhood.
Mayor Bowser Celebrates Reimagined Grimke School as New Housing and Renovated African American Civil...
As part of #DCHousingWeek, Mayor Muriel Bowser, the Office of the Deputy Mayor for Planning and Economic Development, and Ward 1 Councilmember Brianne K. Nadeau celebrated the start of construction on the redevelopment of the former Grimke School
Getting a real estate license isn't something you should up and do. Just like any other life decision, you want to think it through and decide if it's the right choice.
This is probably what will ring through your mind when you decide to take the journey toward homeownership after foreclosure. The first journey is still fresh in your memory; bruising and full of financial and regulatory obstacles.
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®.
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
United States and Republic of Korea Sign Framework to Strengthen Infrastructure Finance and Market...
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
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 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.
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
California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns
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
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.
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
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...
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.
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
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
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.
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 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
Justice Department Resolves Claims that California Loan Modification Service Providers Discriminated Against Hispanic Homeowners...
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
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.
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
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
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
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®.
SACRAMENTO, Calif. — (RealEstateRama) — Sherwana Lynn Marcus, also known as Sherwana Granderson and Sherwana Santana, 47, was arrested today on a 36-count federal...
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.
Los Angeles Homeless Services Authority (LAHSA) Adopts New Guiding Principles and Practices for Unsheltered...
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
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.
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.
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, 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
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.
The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...
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
Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...
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.
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.
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
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
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.”
“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
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