December 15, 2010 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today."Builders are bracing themselves for a slow holiday season as a number of factors continue to cause uncertainty among consumers and builders alike," said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. "While the HMI is adjusted for seasonal factors, the typical cold-weather slowdown in sales activity is being accentuated by ongoing weakness in the job market, the rising number of foreclosures and short-sales, and very challenging credit conditions for both builders and buyers."
VIENNA, VA - December 14, 2010 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released two mortgage fraud reports entitled Mortgage Loan Fraud SAR Filings, which together cover the first six months of 2010; one report covers January through March 2010, and the other covers April through June 2010.
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.
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, 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 Associationâ€™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)â€™s 3rd Quarter 2010 Mortgage Bankers Performance Report released today.
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
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.
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
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
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
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
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.