Research Shows High Levels of Consumer Satisfaction With Reverse Mortgages

December 14, 2010 - (RealEstateRama) -- NRMLA, last week, published independent research showing high levels of satisfaction among seniors with reverse mortgages and equally positive numbers indicating borrowers understood the transaction they were getting into and felt no pressure getting a loan.

American Institute of Architects To Sponsor Haiti Rebuilding Conference

Washington, D.C. - December 14, 2010 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced it was sponsoring a Haiti reconstruction conference in early January that will bring together a host of organizations to identify and coordinate opportunities in Haiti for design assistance teams, building assessments, resources and other programs.The AIA Summit on Haiti will be held on January 13 – one day after the first anniversary of the Haitian earthquake of 2010 – at the Loew’s Hotel in New Orleans. Organizations participating in the AIA’s Haiti conference include The American Red Cross, National Urban League - Greater New Orleans, Adecco Group North America, United States Green Building Council (USGBC), Architecture for Humanity (AFH), National Organization of Minority Architects (NOMA), Public Architecture and Black Design Network News. More organizations are expected to attend.

Denver B-cycle Announces Partnership with Kentwood City Properties

DENVER, CO - December 14, 2010 - (RealEstateRama) -- Denver B-cycle today announced its partnership with Kentwood City Properties. In addition to branded B-cycles and annual memberships for employees, Kentwood City Properties will also have the capabilities to utilize B-cycles when showing property, a convenient option to get to downtown properties. Kentwood City Properties’ sponsorship support of Denver B-cycle arrives as the bike sharing system closes down for the winter in its inaugural season. Denver B-cycle reopens March 2011.

Commercial/Multifamily Mortgage Debt Outstanding Down 1.3 Percent on Bank and CMBS Balances in 3Q...

Washington, DC - December 14, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the third quarter, to $3.2 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data.

MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third...

WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per loan in the second quarter of 2010, according to the Mortgage Bankers Association (MBA)’s 3rd Quarter 2010 Mortgage Bankers Performance Report released today.

Survey Shows Split in Real Estate over 2011

WASHINGTON, D.C. - December 14, 2010 - (RealEstateRama) -- The New Year will ring in better times in the U.S. real estate market, according to one out of three people surveyed. The opinion poll found that the majority of respondents, however, aren’t so enthused about real estate when it comes to the calendar advancing to 2011

FHA TAKES ACTION AGAINST CAMBRIDGE HOME CAPITA

WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today announced that it is permanently withdrawing FHA approval of Cambridge Home Capital, LLC (CHC), a Great Neck, New York-based lender. In addition, the MRB will seek a monetary penalty of $182,000.

HAMP On Track to Prevent Far Fewer Foreclosures Than Expected, but Treasury Can Still...

WASHINGTON, D.C. - December 14, 2010 - (RealEstateRama) -- The Congressional Oversight Panel today released its December oversight report, "A Review of Treasury's Foreclosure Prevention Programs." In the eight months since the Panel's last report on the Home Affordable Modification Program (HAMP), Treasury has made minor tweaks to the program, but the changes have not resolved the Panel's core concerns. The Panel now estimates that, if current trends hold, HAMP will prevent only 700,000 foreclosures -- far fewer than the three to four million foreclosures that Treasury initially aimed to stop, and vastly fewer than the eight to 13 million foreclosures expected by 2012

Officials from the City of Pittsburg, the Pittsburg Area Chamber of Commerce

PITTSBURG, KS - December 13, 2010 - (RealEstateRama) -- Officials from the City of Pittsburg, the Pittsburg Area Chamber of Commerce, Kansas Housing Resources Corporation and Garrison Development Company celebrated the completion of Besse Apartments at 121 E. 4th Street in Pittsburg. A $9.2 million dollar historic rehab, the 83-year-old former hotel now offers 46 affordable apartments in the heart of downtown

Man Convicted of Killing Northwest Washington Couple

WASHINGTON, DC - December 13, 2010 - (RealEstateRama) -- Jose Portillo, 22, was convicted by a jury today of first degree felony murder and other charges in the November 2008 slayings of Virginia and Michael Spevak, who were attacked while in their Northwest Washington home, U.S. Attorney Ronald C. Machen Jr. and Cathy L. Lanier, Chief of the Metropolitan Police Department announced.

Peterson Companies and The Bozzuto Group Announce Partnership to Bring First Apartment Development to...

WASHINGTON, Dec. 13, 2010 /PRNewswire/ -- The Peterson Companies and The Bozzuto Group, two D.C. area-based and family-owned development companies, announced today a joint venture that will bring the first apartment community to National Harbor

Clear Capital™Reports Third Straight Month of U.S. Home Price Declines

TRUCKEE, CA - December 13, 2010 - (RealEstateRama) -- Clear Capital www.clearcapital.comreleased its monthly Home Data Index™ (HDI) Market Report, providing the most current (through November 2010) and granular analysis of how local markets performed compared to the national downward trend in home prices

NYHC/NHC Host 37th Annual Awards Luncheon; Honors William Frey With Clara Fox Award for...

New York, NY - December 13, 2010 - (RealEstateRama) -- The New York Housing Conference (NYHC) and the National Housing Conference (NHC) hosted the 37th Annual Awards Luncheon, one of the largest gatherings of housing professionals in the nation, today, Thursday, December 9, 2010, at the Hilton New York in Manhattan.

Denver home search made easy with IDX enabled real estate website and search function

EUGENE, OR - December 10, 2010 - (RealEstateRama) -- A custom IDX solution is now available on the Denver, Colorado real estate website of Carl Borrmann. Thanks in part to the revolutionary IDX, Inc. technology, thousands of Metrolist Denver MLS (MTOMLS) listings are seamlessly integrated onto the search page Borrmann represents. With IDX Broker software, Borrmann can utilize a dynamic set of search functions online, in an effort to supply his clients with a comprehensive and complete property search conveniently on his website.

Go for it! at THE PRO EXPO Presented by Pella(SM) event

PELLA, IA - December 10, 2010 - (RealEstateRama) -- As builders, remodelers, contractors, architects and students prepare for a new year – predicted to be challenging for the housing industry – Pella Corporation wants to help them "Go for it!"

Business Real Estate Press Releases

Safeway center

Hanley Investment Group Represents Phillips Edison in Sale of Grocery-Anchored Retail...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice Presidents Eric Wohl and Kevin Fryman, along with President Ed Hanley, represented Phillips Edison & Company, Inc., the seller, in the sale of a Safeway-anchored 87,697-square-foot shopping center in the Denver metro area. Hanley Investment Group also represented the buyer, Midtown National Group, LP of San Diego, California, in the transaction.

Recent Gov & Nonprofit Real Estate Press Releases

DCHFA

DCHFA Closes First HUD Level I 50/50 Risk Share Transaction by...

The District of Columbia Housing Finance Agency (DCHFA) closed on its first U.S. Department of Housing and Urban Development (HUD) Level I 50/50 Risk Share 542 (c) loan to finance the preservation of 176 affordable units at Woodmont Crossing Apartments (2327 Good Hope Road Southeast).